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Time of India
17-06-2025
- Politics
- Time of India
Qatar monitors radiation levels over Gulf, fears rise as Israel hits Iranian nuclear, energy sites
Qatar warns that strikes on nuclear or energy sites could have unknown consequences for Gulf nations reliant on shared waters/ Image composite (File), PANA Amid heightened conflict between Israel and Iran, Qatar has stepped up monitoring of radiation levels in the Gulf, following Israeli airstrikes on Iranian nuclear and energy sites. On Tuesday, Qatari foreign ministry spokesman Majed al-Ansari confirmed that Doha is closely tracking environmental developments in the region, while calling for international awareness of the potential fallout from strikes on sensitive facilities. 'We are monitoring this on a daily basis,' al-Ansari said during a news conference. 'We have nothing to be concerned about right now, but obviously prolonged escalation will have unpredictable consequences.' Gulf waters under watch: Qatar warns of potential regional impact Al-Ansari stressed the strategic and environmental importance of the Gulf's waters, describing them as the region's primary water source. He warned that any military action targeting nuclear or energy-related facilities could result in outcomes beyond current prediction. 'We have to emphasise, when we are talking about the waters of the Gulf, it's the main source of water for all of us here in the region,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ask a Pro: "What Expenses Can Be Deducted From Capital Gains Tax?" SmartAsset Undo 'The international community has to make it very clear that any targeting of nuclear facilities, any targeting of fuel or energy facilities in this region, would have ramifications that are unknown to us in the Gulf.' Nuclear and energy sites struck as conflict enters fifth day The current escalation began Friday when Israel launched a major air campaign against Iran's nuclear infrastructure. This marked the start of a now five-day-long exchange of missile strikes between the two countries. Iran's key nuclear enrichment facilities, which were among the Israeli targets, are located deep inland. However, Iran also operates a nuclear power plant at Bushehr, situated along the Gulf coast. According to the International Atomic Energy Agency (IAEA), Iran informed the UN nuclear watchdog that the Bushehr plant had not been targeted. The statement was issued by the IAEA on Friday. On Saturday, Israel targeted a significant Iranian gas installation on the Gulf coast. The facility supports the South Pars gas field, a major energy project shared between Iran and Qatar. Qatar condemns strikes on energy infrastructure While confirming that Qatar's part of the shared gas field remains unaffected, the Qatari government expressed concern over the risks such attacks pose to regional stability. 'Qatar's own facilities in the field are secure,' said al-Ansari. Nonetheless, he strongly criticised the Israeli strikes on Iran's energy assets. He described the actions as 'reckless,' adding to Qatar's calls for de-escalation and urging international stakeholders to prevent further destabilisation in the Gulf.
RTÉ News
10-06-2025
- Business
- RTÉ News
PwC calls for Capital Gains Tax to be reduced to 20%
PwC is calling for the the reform of the Residential Zoned Land Tax (RZLT), to broaden tax policy and to reduce the Capital Gains Tax to 20% from 33%. The proposals are part of PwC's 2026 Pre-Budget Submission aiming to reset tax policy in a number of key areas to promote Ireland's competitiveness Tax Leader, PwC Ireland, Paraic Burke, said the need to bolster Ireland's competitive offering has never been more apparent in a period of increasing global instability and heightened international tax competition. "With increasing geopolitical risks and uncertainties, Ireland must take action to control our own controllables. While there are constraints about what we can do at international levels, domestically, Ireland has full control to determine its destiny on key domestic issues such as housing, decarbonisation and energy security," said Mr Burke. "Ireland must continue to simplify its tax system, expand incentives and support businesses and individuals in driving sustainable growth. Tax policies and incentives, if wisely chosen, could be critical to addressing Ireland's key infrastructural, housing, climate and other challenges. "Following endorsement from the EU to utilise targeted tax incentives, the Irish government should not be afraid to use them. Budget 2026 offers Ireland an opportunity to make changes that can help to direct the future course of our country." PwC's Submission calls for the reduction in the 33% Capital Gains Tax (CGT), one of the highest in Europe, to 20% to promote the transfer of businesses to the Irish business leaders of tomorrow. It suggests treating the exit of a shareholder from a business as a CGT event rather than being subject to income tax (and higher tax) would be an important step towards achieving this.
Time of India
08-06-2025
- Time of India
Months after Maha Kumbh, 2 elderly men reunited with kin
Prayagraj: After a gap of more than three months following the culmination of Maha Kumbh volunteers of the Lost & Found camp, popularly known as 'Bhoole Bhatke Shivir', managed to reunite two elderly men with their families. On Sunday, Nar Singh Murti, aged 68, who went missing from mela campus on Feb 28, was reunited with his family in the village of Nagli in Chikmagalur district of Karnataka on Sunday. Family members of Murti said that some volunteers spotted him while roaming in Mumbai and talked to him in Kanaada language. When Murti revealed his village name, the volunteers took him to his native town and handed over to the family. Similarly, 54-year-old Madhav Prasad Shukla, who also went missing on Feb 7 on mela campus, was reunited with his family on May 15 in Kanpur district. Shukla was a resident of Pandit Ka Pura village (Lalganj) in Pratapgarh district. "We were in constant touch with family members of missing persons post-Maha Kumbh and volunteers acted upon minute information," said Tiwari, adding, "Volunteers, along with family members of missing Madhav Prasad Shukla, received information that he was in a village about 80 km from Kanpur district and rushed to reunite him with the family on May 15," added Tiwari. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ask a Pro: "What Expenses Can Be Deducted From Capital Gains Tax?" SmartAsset Undo Organiser of Bhoole Bhatke Shivir, Umesh Tiwari, told TOI, "Two elderly devotees, who were lost during the Maha Kumbh were reunited with their families in the past month. The organisation had a list of five missing persons after the culmination of the Maha Kumbh, whose whereabouts were untraceable. However, despite the end of Kumbh, the volunteers remained active and managed to reunite two of them in the past month." Tiwari, however, said that volunteers are still making efforts to trace whereabouts of three others.
Cision Canada
29-04-2025
- Business
- Cision Canada
Tariff relief, tax cuts and budget restraint are small business priorities for new government Français
TORONTO, April 29, 2025 /CNW/ - The Canadian Federation of Independent Business (CFIB) congratulates Prime Minister Mark Carney and all elected MPs and looks forward to working with government and opposition parties on key small business priorities as we continue to navigate the tariff battle with the United States and China. "It was good to hear both Prime Minister Carney and Opposition Leader Poilievre pledging to work together to address the threat of U.S. tariffs in a minority Parliament. Now that we have a degree of political clarity, government needs to turn its attention to reducing taxes, cutting red tape and providing much-needed economic certainty. Small business confidence is near record lows, and CFIB is forecasting an extremely difficult second quarter for Canada's economy. We urgently need measures that would incentivize investment and help small businesses diversify their markets and suppliers," said Dan Kelly, CFIB president. With Parliament expected to resume in the weeks ahead, CFIB is asking the new government to introduce legislation and changes that will help small businesses meet today's challenges. This includes: Ensuring that the money collected through Canadian counter tariffs is returned quickly to affected Canadian small businesses. Passing legislation to formally eliminate the carbon tax, ensuring the small business carbon tax rebates are delivered tax free as promised, and returning the remaining $500 million in 2024-25 carbon tax rebates to small businesses. Delivering on the promised increase to the Lifetime Capital Gains Exemption to $1.25 million and implementing the promised Canadian Entrepreneurs' Incentive which lowers capital gains taxes on up to $2 million following a business sale. Lowering the federal small business tax rate from 9% to 0% for the foreseeable future. Working with provinces to capitalize on the current momentum towards the elimination of internal trade barriers by adopting mutual recognition. Making immediate expensing available to all businesses in all sectors. Lowering Employment Insurance premiums for smaller employers to the same rate paid by employees. "Small businesses are looking to the new government to follow through on its campaign promises, particularly around dropping the increase in the capital gains inclusion rate, removing the consumer carbon tax and knocking down interprovincial trade barriers. CFIB stands ready to work with all elected representatives to make those promises a reality," said Corinne Pohlmann, Executive Vice-President of Advocacy at CFIB. About CFIB The Canadian Federation of Independent Business (CFIB) is Canada's largest association of small and medium-sized businesses with 100,000 members across every industry and region. CFIB is dedicated to increasing business owners' chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at
Yahoo
19-03-2025
- Business
- Yahoo
Taxes 2025: As business owners face more reporting complexity, here are some changes to be aware of
Filing taxes is complicated enough for the average Canadian. For business owners, it's getting even more complex. 'One theme we're seeing in changes to business taxation is towards more reporting complexity, which makes the compliance more costly for business owners,' Luigi De Rose, national private business tax leader at PwC Canada, said in an interview with Yahoo Finance Canada. 'We're seeing that with a lot of changes happening in our tax system.' Navigating the changes, as well as hundreds of deductions and credits that business owners may be able to take advantage of, is critical for business owners. 'There are more than 400 credits and deductions available. It's hard to know them if you're not working in taxes on a daily basis,' H&R Block tax expert Yannick Lemay said in an interview. 'And these don't include the expenses you can claim as a business owner. There are many expenses specific to your business that will reduce your taxable income on your tax return.' The most important thing for business owners – which also applies to individuals – is to start early, says Lemay. 'Do not wait until the last minute,' he said. 'There's a lot of information you will need for your taxes, especially as a business owner, so you want to get on it early … it will definitely make things easier when it comes to filing your taxes.' While the deadline for most individual taxpayers is on April 30, self-employed tax returns are due on June 15. However, taxes owed by those who are self-employed must still be paid by April 30. For corporations, taxes must be filed within six months of the end of their tax year, which corresponds to its fiscal period. One change that many business owners are likely grateful not to have to worry about this year is the increase to the capital gains inclusion rate. The Liberal government proposed hiking the tax rate for capital gains for corporations, trusts and individuals from one-half to two-thirds. For individuals, the tax would have applied on gains of more than $250,000. Although the capital gains legislation never passed, the Canada Revenue Agency (CRA) had planned to enforce the change until it reversed course in January, delaying the move until next Carney's victory in the Liberal leadership race has put the final nail in the coffin for Ottawa's controversial plan to hike the inclusion rate on capital gains. The proposed change has nonetheless caused confusion among business owners, says Lemay, as many still received tax slips that mentioned June 25, the date when the change was supposed to go into effect. And while the change to the inclusion rate is no longer happening, the proposed increase to the Lifetime Capital Gains Exemption limit is still slated to take place – from $1 million to $1.25 million. Another change may also impact gig workers who earn income through companies such as Uber, Lyft, and Skip the Dishes. This year, these platforms are required to submit to the CRA the total income an individual has made through the app. This is the first year that the CRA has implemented this requirement, and while it doesn't change how gig workers should file their taxes, it's important that they know that income needs to be reported. 'Some people believe that they don't have to report all their business income if they are not meeting the threshold of $30,000 where you need to register for GST and HST,' Lemay said. 'That's not true. All income is reportable in your tax return, so this may make a difference for people who were not aware that they should declare their gig income.' When it comes to those additional tax complexities, De Rose points to new rules around how corporations calculate the amount of interest and financing expenses that can be deducted from taxable income, known as excessive interest and financing expense limitations. "There are a whole bunch of rules and exceptions that need to be met, and calculations that need to be done," De Rose said. "That's just one example of the additional complications that taxpayers need to administer when doing their tax filings." Given the many complexities business owners face at tax time, De Rose recommends they hire a professional firm to assist with tax compliance. 'It's not something you should do lightly, or by engaging someone who does tax on a part-time basis,' De Rose said. 'The rules are complicated and the potential penalties are significant, so it's worth the investment to hire a professional to help you manage your tax burden.' Correction: A previous version of this story stated the capital gains hike would be applied only to gains of more than $250,000 for corporations and trusts. That exemption applies only to individuals. The story has been updated. Alicja Siekierska is a senior reporter at Yahoo Finance Canada. Follow her on X @alicjawithaj. Download the Yahoo Finance app, available for Apple and Android. Sign in to access your portfolio
