PREMIUMGovernment to unify regional taxes, punish recalcitrant administrations

first_imgLOG INDon’t have an account? Register here Google Log in with your social account Facebook Forgot Password ? The government plans to unify regional taxes and impose fiscal punishments on regional administrations whose bylaws are not in line with the national policy in a bid to attract investment.Finance Ministry Fiscal Balance Director General Astera Primanto Bhakti said the plan was part of an omnibus bill on taxation that would overhaul regional taxation as the government seeks to provide certainty to investors.“If a regional administration’s policies are not in line with the national fiscal policy then we will impose sanctions, such as by [cutting] the regional transfer amount or revoking the bylaws,” Astera said during a press briefing in Jakarta on Tuesday.“This will prevent excessive tax collection from businesses by the administrations,” he added.Several regional administrations, he went on to say, unnecessarily taxed companies for water use,… Linkedin Topics : taxation tax-reform omnibus-bill regional-administrations bylaws finance-ministry tax-office state-revenue tax-collectionlast_img read more

SKK Migas offers relief for struggling oil, gas companies

first_imgThe Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) said on Wednesday that it would allow upstream companies to postpone paying annual Abandonment and Site Restoration (ASR) fees in a bid to keep Indonesia’s production levels on track as the COVID-19 crisis continues.The fees, which are used to address environmental issues associated with inactive oil and gas wells, will be collected next year instead. Companies are required to apply to SKK Migas for the relief.“This is our way to ensure that targets for this year and the following years are met,” said SKK Migas head Dwi Soetjipto in a statement. He said with the ASR relaxation, companies would have more liquidity to service and maintain their existing oil and gas wells. “Without that incentive, in the short term – two or three years ahead – the production decline might be sharper than in previous years,” he wrote in a text message.Oil and gas producers in Indonesia have welcomed SKK Migas’ ASR relaxation as it gives them more room to adjust their cash flow, said Indonesian Petroleum Association (IPA) executive director Marjolijn Wajong.IPA members comprise many of Indonesia’s top oil and gas producers, such as California-based Chevron, Texas-based ExxonMobil and London-based BP.“But at the end of the day, the incentive will help some companies while, for others, it may [not],” she told the Post on Thursday, explaining that IPA members’ financial circumstances differed.Many multinational oil companies have winded down investment in Southeast Asia because of economic pressures, said Angus Rodger, upstream research director at energy consultancy Wood Mackenzie Asia Pacific, in a press note on July 15.“If governments genuinely want more spending on big development throughout the region, they are going to have to fight for it,” he said.Topics : Postponing ASR payments is one of several relaxations SKK Migas has promised to oil and gas companies to keep their output in line with annual targets, despite this year’s crude oil price crash and the collapse in fuel demand.The price of Brent, an international oil trading benchmark, hit a low of US$19.33 per barrel on April 21. On Friday, it was $43 per barrel. Experts say that despite signs of recovery, crude oil prices will likely remain low – below $50 a barrel – until next year, when the health crisis is expected to abate.The task force has already revised down its 2020 oil production target by 4 percent to 725,000 barrels per day. It also revised down its gas production target by 14.2 percent to 5,727 million metric standard cubic feet per day (mmscfd), as a result of economic pressures.“The contribution of annual ASR fees to expenses is, as far I know, a fixed amount, and it’s quite significant under such price conditions,” oil and gas observer Tumbur Parlindungan told The Jakarta Post on Wednesday.last_img read more

Watch Governor Wolf’s End-of-The-Week Budget Update (VIDEO)

first_img SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Budget News,  The Blog,  Videos Watch Governor Wolf’s ‪latest budget‬ update. Watch Governor Wolf’s End-of-The-Week Budget Update (VIDEO) By: The Office of Governor Tom Wolf July 08, 2016   SHARE  TWEETlast_img

Hat trick for England in Boys Home Internationals

first_img10 Aug 2018 Hat trick for England in Boys Home Internationals Full scores can be found here England have won the Boys’ Home Internationals for the third consecutive year and with a 100% record after defeating Ireland, Scotland and Wales in the round-robin competition at Royal Dornoch.England and Ireland played out an exciting title decider on the third and final day of play on the North-East coast of Scotland and the defending champions ran out 8-7 winners to retain the trophy. England have now won the under-18 team event 17 times since 1996.Ireland were left to settle for a runner-up spot while Scotland finished in third place after impressively beating Wales 11-4.Stephen Burnett, England’s non-playing captain, said: “I’m really proud of the players. We knew that the biggest game of the competition would fall on the final day and it was a really tight match.“Ireland were really strong contenders but the last few singles matches this afternoon went our way. All credit to our players, they pulled the result out of the hat.“It has been a fantastic three days at Royal Dornoch and we have been very well looked after by everyone involved. They are not many better courses than this.“We now look forward to defending the title at Ashburnham. We will retain the core of this team for next year and they will put up a strong defence of the title.”England edged in front 3-2 ahead of the afternoon singles following a stirring series of morning foursomes against Ireland.Irish duo Aaron Marshall and Mark Power were first to register a point after ending the unbeaten run by the English partnership of Conor Gough and Robin Williams. An impressive bogey-free round which included three birdies on the front nine ensured they had full control of the match and they closed out a 3&2 win on the 16th.Harrison Arnold and Chris Knipes hit back for England by beating Allan Hill and David Kitt 4&3 which was followed by a win by one hole for Barclay Brown and Joe Pagdin over John Brady and Tom McKibbin.The two other matches featuring Harry Goddard and Habebul Islam against Charlie Denvir and Max Kennedy and Matthew Freeman and Max Hopkins against Odhran Maguire and Luke O’Neill were halved to give England a slender one point advantage at the end of this morning’s play.The first singles match between Power and Williams proved to be a thrilling contest that ebbed and flowed throughout. Both players were in prolific scoring form with no less than eight birdies in the match but it was Power who eventually prevailed to pull Ireland level at 3-3 with a 2&1 win.England edged in front again when Gough claimed a 3&2 victory over McKibbin. The turning point in the match came when the Stoke Park member won three holes in a row from the 7th, a lead that he would hold onto for the rest of the encounter.Nevertheless, Marshall put Ireland back on parity at 4-4 shortly after when he confidently won his match against Brown 4&3.Brady was left to rue missing out on a full point after letting slip a four hole lead against Pagdin. The English youngster rallied to win four out of five holes from the 13th and the match was halved after both players made par on the final hole.Three crucial points were secured for England when Josh Hill beat Denvir 3&2, Arnold was victorious against O’Neill 2&1 and Goddard edged out Murphy by one hole meaning that the defending champions moved into a 7½-4½ lead and were guaranteed of winning the title.Hopkins and Kennedy halved their match to seal the overall win for England after he increased their lead to an unassailable 8-5.Ireland fought back to win the last two matches out on the course: Hill beat Freeman by one hole and Kitt sealed a 2&1 win against Knipes.England team:Harrison Arnold, 18, (Castle Royle, BB&O)Barclay Brown, 17, (Hallamshire, Yorkshire)Matthew Freeman, 17, (Notts, Nottinghamshire)Harry Goddard, 18 (Hanbury Manor, Hertfordshire)Conor Gough, 15 (Stoke Park, BB&O)Josh Hill, 14, (Dubai)Max Hopkins, 15, (Bishops Stortford, Hertfordshire)Habebul Islam, 17, (Ipswich Suffolk)Curtis Knipes, 17 (Abridge, Kent)Joe Pagdin, 16, (Florida, USA)Robin Williams, 16, (Peterborough Milton, Northamptonshire)center_img Tags: Home Internationals, Royal Dornochlast_img read more

Rohit Sharma to lead T20 squad while Virat Kohli returns for tests against Bangladesh

first_imgAdvertisement 6NBA Finals | Brooklyn Vsg6aWingsuit rodeo📽Sindre E355hd( IG: @_aubreyfisher @imraino ) 2pvg9Would you ever consider trying this?😱9txnCan your students do this? 🌚qdRoller skating! Powered by Firework The national selection committee on Thursday, officially confirmed that Virat Kohli will be rested for the upcoming T20Is against Bangladesh, with Rohit Sharma being selected as the captain in his absence. The MSK Prasad led national selection committee, has emphasized on young players for next month’s series; as Kerala wicketkeeper Sanju Samson along with Mumbai all-rounder Shivam Dube have been called up.Advertisement “It is important to have all-rounders in the T20s. He (Dube) had a bit of edge over Vijay Shankar. His performance against West Indies A and South Africa was phenomenal. I am sure he will do well,” Prasad said.Advertisement Navdeep Saini is out injured and will be unavailable for the series. Mumbai pacer Shardul Thakur has been called to take his place.The committee also had a meeting with the new BCCI chief, Sourav Ganguly and Prasad appeared to be satisfied with Dada’s appointment.Advertisement “It is good to have a cricketer at the helm and he also pointed a few of his observations and we will take note of that,” he said after the meeting.For the test series though, the selectors did not make any changes; keeping the same side which recently whitewashed South Africa 3-0. Wriddhiman Saha who picked up an injury, will continue with the team. But Shahbaz Nadeem gets the axe as the selectors preffered Kuldeep Yadav over him.Squad:T20IsRohit Sharma (captain), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur.TestVirat Kohli (captain), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha, Ravindra Jadeja, R Ashwin, Kuldeep Yadav, Mohammad Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant Advertisementlast_img read more