Professor Vaughn James advises Dominicans to learn the history of harmful tax competition

first_img Sharing is caring! Share EducationLocalNewsTertiary Professor Vaughn James advises Dominicans to learn the history of harmful tax competition by: – August 8, 2011 27 Views   no discussions Sharecenter_img Tweet Share In photo: Professor Vaughn James. Photo credit: northeasterncommunication.orgAt the opening ceremony of the International Taxation in the Caribbean Context Course yesterday, Professor Vaughn James advised Dominicans to learn the history of harmful tax competition.Professor James who is the facilitator of this five day course organized by the Department of Continuing Education of the Dominica State College, in explaining four reasons why the course is relevant to Dominica and Dominicans, informed participants tax breaks have been used by several countries as a means to attract investors.“Countries have been using tax competition to attract investors; countries give various tax breaks and tax incentives to various companies. ‘Come set up in my country and we will give you a tax break’. During the 1990’s tax competition got very fierce, several countries began to offer zero tax or low tax on income and these policies led to what we call the flight of capital from the more developed countries to the so called third world. So investors were leaving Europe and flocking to the Caribbean, to the Pacific and to African countries,” he said.“Those big countries didn’t like that, so they called what we were doing harmful tax competition and said since it’s harmful here’s what we’ll do; we will blacklist you put you on this name and shame list until you change your policies and bow to us. And on this list of thirty-five blacklisted countries, there were sixteen countries in the Caribbean and the OECD; that’s who led the charge, the OECD did not change their policy until all the countries had bowed down and said yes we shall change, we shall toe the line,” Professor James explained.Professor James noted that while this is very unfair, it is our responsibility to learn the history of harmful tax competition, in an effort to prepare ourselves in the event this re-occurs.“I say that is not fair and we as a people have to learn the history of this harmful tax competition controversy and prepare ourselves so that the next time they try it we can stand up to them and say no way hosay, c’est pas con sa [In English, “it’s not like that”], we want our share of the economic pie that we have around the globe.”The International Taxation In The Caribbean Context Course which began yesterday afternoon will continue through this week.Dominica Vibes Newslast_img read more

SHOCKER: Syracuse cruises past undefeated Louisville for 1st win over top-10 BCS opponent in decade

first_img Facebook Twitter Google+ Ryan Nassib and Alec Lemon embraced at the 44 yard line as their teammates streamed onto the field. Nassib had just taken the final knee, running out the clock to preserve a stunning Syracuse victory over an unbeaten Louisville team.The seniors suffered through a 4-8 season in 2009. They took the program to a bowl victory in 2010. And they saw much of their final two seasons defined by disappointment.“We’ve been through a lot, a lot of ups and downs and just that moment, taking that knee, knowing that you seal that victory,” Lemon said. “Ryan and I are great friends and it’s just something special to share that moment with him.”In that moment, Syracuse (5-5, 4-2 Big East) moved one win away from bowl eligibility, shocking Louisville (9-1, 4-1) 45-26 in front of 40,312 at the Carrier Dome on Saturday. The touted Cardinals offense led by Teddy Bridgewater never clicked against a swarming SU defense. And the Orange offense never slowed, beating the UofL defense with an even balance of 278 yards rushing largely from Jerome Smith and Prince-Tyson Gulley, and a big day through the air for Nassib and Lemon.It was Syracuse’s biggest victory since it defeated No. 11 West Virginia 49-23 in the Dome last October, and the program’s first victory over a team ranked in the Top 10 in the Bowl Championship Series since it earned a 50-42 win over No. 8 Virginia Tech in 2002.AdvertisementThis is placeholder text“We’re proud of how they played in three phases,” SU head coach Doug Marrone said. “It just shows that when you have the capability of executing this way, we’re a very good football team.”The dominant performance by the Orange prompted Louisville head coach Charlie Strong to say he was “very embarrassed” for his program, which suffered its first loss of the season after cruising to nine wins and climbing to No. 9 in the BCS rankings.“We didn’t play well as a football team — offense, defense or special teams,” Strong said. “When that happens to you and you have those types of issues, it’s what happens — you come into an environment like this and lose a game.”Louisville struggled from the start.Bridgewater and the Cardinals offense had to burn two timeouts during their first drive, failing to stay composed in front of a raucous Carrier Dome crowd. Louisville settled for a field goal to tie the game 3-3.The score was even at 10-10 going into the second quarter when the Orange started to separate itself.Nassib connected with a wide-open Lemon for a 13-yard touchdown on a fade route into the left corner of the end zone to cap a 92-yard drive and move ahead 17-10. The frustration started to build for the Cardinals as cornerback Andrew Johnson chased after the wide receiver in vain.The two hooked up for another touchdown to expand the lead to 14 after Lemon burned Louisville safety Hakeem Smith, causing his teammate Calvin Pryor to clap in frustration as he watched SU celebrate another touchdown.“We thrive off of momentum,” SU center Macky MacPherson said. “We thrive off of getting that first down. We thrive on tempo, out-tempoing defenses, getting them tired and eventually hitting that big play.”Syracuse continued to build on its momentum and took a 31-13 lead into halftime. And the Orange picked off right where it left off after the break.The defense only allowed the Cardinals four plays before a punt capped their first drive of the half, and the offense answered with a nine-play, 74-yard drive that ended in a touchdown.Smith’s score opened up a 25-point lead for Syracuse, setting off the first of many celebrations along the sideline throughout the half while draining all emotion from the stunned Cardinals team — ranked No. 11 in the nation and undefeated — across the field.“Seeing the other team kind of hanging their head, kind of start giving up a little bit, we just feed off of that,” SU linebacker Siriki Diabate said. “And we just keep on going and just getting better each play.“And the fans, the whole sideline, feeds into that and we just keep on going.”The celebration continued throughout the game, during Nassib and Lemon’s final embrace and into the locker room.And though Marrone admitted he tends to look to the next game — forgetting victories the moment they happen — he said he wanted his players to enjoy their biggest win of the season.“I want to be able to celebrate this,” Marrone said. “Our kids did a nice job today.” Comments Related Stories Gallery: Syracuse pulls off shocking upset of No. 11 Louisville in Carrier Domecenter_img Published on November 10, 2012 at 1:49 pm Contact Ryne: [email protected]last_img read more

Volvo to demonstrate electric trucks with an eye to commercialization in 2020

Source: Electric Vehicles Magazine Volvo Trucks plans to introduce all-electric truck demonstrators in California next year, and commercialize them in North America in 2020.The California Air Resources Board (CARB) has awarded $44.8 million to the South Coast Air Quality Management District (SCAQMD) for the Volvo LIGHTS (Low Impact Green Heavy Transport Solutions) project, which will involve 16 partners. The LIGHTS project aims to electrify freight operations at two major California trucking fleet facilities.Volvo Trucks will deploy eight multi-configuration Class 8 electric demonstration units (GVW 15+ tons), and an additional 15 pre-commercial and commercial units, throughout California’s South Coast Air Basin. The project will also integrate non-truck battery-electric equipment, non-proprietary chargers, and solar energy production equipment.The demonstration units will be based on the technology currently used in the Volvo FE Electric, which Volvo presented in May and will begin selling in Europe in 2019.A variety of smart technologies, including remote diagnostics, geofencing and Volvo’s web-based service management platform, will be used to monitor truck performance and maximize vehicle uptime.“This is an excellent opportunity to show the end-to-end potential of electrification,” said Peter Voorhoeve, President of Volvo Trucks North America. “From solar energy harvesting at our customer locations, to electric vehicle uptime services, to potential second uses for batteries, this project will provide invaluable experience and data for the whole value chain.” Source: Volvo via Green Car Congress read more