News Sports Business Food 76° Full Menu 76° Home eEdition Customer Service Customer Service Newsletters Obituaries News All News Local news Crime Politics The Buzz C. W. Gusewelle Nation & World 913 816 North Cass County Lee's Summit Homicide KC Community Faces Mary Sanchez Eyewitness Weird News Video Photos Sports All Sports Chiefs Royals Royals photos Sporting KC Olympics Kansas Missouri K-State High School Scores & Stats NASCAR Outdoors NBA Buy Tickets Blogs & Columns Red Zone The Full 90 Campus Corner For Pete's Sake Sam Mellinger Vahe Gregorian Politics Politics Elections The Missouri Influencer Series Opinion All Opinion Editorials Letters to the Editor Colleen Nelson Derek Donovan Dave Helling Melinda Henneberger Steve Kraske Toriano Porter Mary Sanchez Steve Rose Guest commentary Syndicated columnists Submit a Letter Entertainment Entertainment Ink … [Read more...] about Does your hospital still use pagers? Your personal information may be at risk
Why risk analysis
Suleiman Dikwa Part 1 Recently, the Federal Government of Nigeria introduced the voluntary assets and income declaration scheme (VAIDS), encouraging Nigerians to declare their tax liabilities in exchange for amnesty. Most Nigerians have a perception of tax as part of several official legislations used by public officials to proverbially rob Peter to pay Paul. Moreover, they view taxation with cynicism, seeing that it has not aided any provision of public infrastructure. The scheme was therefore envisaged to raise about US$ 1Billion by engaging members of the public in a manner that does not perpetuate the sense that their default in tax payment was lingering criminal case hanging over them like the proverbial sword of Damocles. While the scheme is welcome, certain parameters in tax collection management should be considered, especially the risk management aspect of tax administration and sustainability of collection administration and compliance mechanism beyond the timeframe of … [Read more...] about Risk Management In Tax Administration: An Examination Of VAIDS Witholding Tax And Vat. By Suleiman Dikwa
NEW DELHI: This is the season for income tax notices. And with the government intensifying its drive against tax evasion, the number of notices sent out by the income tax department has almost doubled this year. However, both tax experts and the IT department say that in most cases, there is no need to panic. “The department is very serious about any possible tax evasion, given low compliance. That is the reason number of cases we have picked up this year for scrutiny has gone up by almost double. So this year more people will receive notices,” a senior official from IT department told TNIE. According to the official, on an average the IT Department is sending out 800-1000 notices every week after an extensive computerized risk analysis to shortlist people who are not compliant. However, “Receiving a tax notice doesn’t mean you are a cheat. Tax notices are sent to people whose actual income has not matched with the income declared on their income tax return … [Read more...] about Received an I-T notice? Here’s why you don’t need to panic!
Since the moment Donald TrumpDonald John TrumpTrump rips correspondents' dinner, 'filthy' Michelle Wolf White House Correspondents' Association: Michelle Wolf's routine 'not in the spirit' of our mission Trump to meet with crew of deadly Southwest Airlines flight MORE became the Republican nominee for president in 2016, his opponents have sought to smear him as an American traitor who enthusiastically colluded with the Kremlin to get elected and, as president, to serve Russia’s — not America’s — interests. That collusion narrative was designed to accomplish the Three Big Goals: 1) to irreversibly discredit the candidate and, later, the new president as a willing tool of a U.S. adversary; 2) to so cripple his ability to govern that his agenda would be stillborn; and 3) ultimately, to serve as grounds for his removal from office. Why? Because Trump represents an existential threat to the guardians of the corrupt, existing order and, therefore, he must be … [Read more...] about Trump, the Russia lie and why the House Intel Committee’s report matters
by Chanticleer Any relief that the banking sector would have felt at news the prudential regulator was killing off its growth cap on investor lending would have been short-lived on Thursday, after UBS lobbed a hand grenade into the Westpac camp.For some time now UBS analyst Jonathan Mott has been extremely concerned that home lending standards have fallen sharply over the last few years, with the practice of borrowers routinely overestimating their incomes and underestimating their expenses creating a major risk to the broader banking system.On Thursday, Mott took the axe to his share price target for Westpac, slashing it from $31 to $26.50, on the basis of new evidence that suggests Westpac has the most work to do to improve its lending standards.He now has a sell rating on the stock; Westpac shares fell 3 per cent on $28.30 on Thursday morning. Mott's aggressive downgrade was predicated on the release by the Hayne royal commission of "targeted reviews" conducted by the … [Read more...] about UBS’ Westpac downgrade shows why banks will remain cautious on home lending