While on his official visit to NEW YORK for the United Nations General Assembly, President Mahinda Rajapaksa met with leading American business market leaders at a luncheon to format growing opportunities for investment in Sri Lanka. Business executives from a number of industries, like the defence and aerospace community, the hospitality and tourism industry, and drink industry went to the luncheon kept at New York City’s Helmsley Hotel. Executives from the Coca Cola Co, the Boeing Co, Google, Hilton Hotels & Resorts and Starwood Hotels & Resorts were among the almost 100 Business leaders, analysts, staff of Chambers of Commerce and industry present.
Amidst his occupied schedule President Rajapaksa mingled with the American Business market leaders meeting and greeting each person individually and asking for them to focus new curiosity about Sri Lanka as an investment opportunity. Members of the US business community shared the view of a key consultant of the pharmaceutical industry large Pfizer Inc., that this forum has the potential to grow into a US-Sri Lanka business council to gather companies and authorities. “Companies like Pfizer want to purchase emerging marketplaces like Sri Lanka,” the Pfizer representative said, noting that the business luncheon allowed commercial executives to meet authorities officials and Sri Lankan business market leaders.
“It really is a great way to begin a dialogue,” he said. External Affairs Minister Prof G L Peiris in his keynote address said Sri Lanka features an overall economy with strong basic principles and a market poised for continued growth and international investment. Noting the nation’s encouraging economic future, Today Prof Peiris said “Sri Lanka is, with no exaggeration, one of the world’s best locations for investment. U.S. Chamber of Commerce Asia Department Executive Director Esperanza Gomez Jelalian mentioned the Chamber’s support for Sri Lanka.
Given the new tax increases, 12 months this plan of taking loss along with gains becomes even more appealing this, Steffen said. So when offering securities for an increase, Steffen added, high-income traders should look to jettison investments kept for more than a calendar year. Gains on investments held for less time will be taxed as regular income – or as much as 39.6 percent. Combined with the 3.8 percent net investment tax, wealthy traders could see benefits taxed at an impressive rate of 43.4 percent. » Donate stock: The typical taxes advice is to make charitable donations before the end of the entire year to obtain a deduction. But with the stock market hitting new heights, consider donating valued shares.
You can deduct the appreciated value of these shares and never have to recognize the gain on your tax return. Take note, Steffen said, season or less that if you sell stocks held one, the most you’d be able to deduct is the cost basis – or the total amount you paid for the stocks. » Medical deductions: In the past, you could deduct medical expenses that exceeded 7.5 percent of altered gross income. If possible, plan elective medical procedures within the same year so you have a better chance of meeting that new limit, Luscombe said.
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Taxpayers without coverage next yr must pay a penalty. The IRS has the capacity to enforce it – offsetting the penalty against current or future refunds – but can’t file a lien or levy to collect it, Luscombe said. » Expiration of taxes slashes: Several tax breaks are established to expire at the end of this year – although Congress before has extended them. “If we ever get a significant proposal for serious tax reform, ” some of these tax breaks might go away in exchange for lower income-tax rates, Luscombe said.
One of them, for instance, is the ability to deduct state and local sales taxes on the federal return rather than state and local taxes, he said. Taxpayers who believe reform can happen next year should consider making major buys, such as a boat or car, this year rather than next to get the sizable sales tax deduction, he said. Luscombe, though, said Washington lawmakers are so polarized that it is doubtful they’ll reach a offer, 12 months especially within an election.
The government improves aggregate demand by shelling out for goods and services, and by collecting taxes. First, we take federal government expenses. Both are illustrated in Figure 2(A) and (B). G is the new aggregate demand curve which intersects the aggregate source curve 45° series at point E1 where OY1 is the equilibrium degree of income.