Monthly Archives: October 2016

Geoffrey Cone Corrects a Media Release that Termed New Zealand as a Tax Haven

Geoffrey Cone is an international Tax and Trust Attorney based in New Zealand. He holds LLB honors from the University of Otago and a postgraduate diploma in tax and law. Cone began his practice in 1980 in Auckland, New Zealand and then became a partner at Christchurch. He later served as a Chairman of Partners at a law firm in the commercial litigation sector, tax, and trust advisory as well as making appearances in courts.

After this, he worked in British West Indies for two years as a litigator and then went back to his law practice in 1997. In 1999, he founded the Cone Marshall Limited and later New Zealand Trust Corporation. The later business was recently registered and recorded as the NZ Limited Company in June with Karen Marshall as the co-principal in the firm in the April 2016.

Geoffrey Cone has vast knowledge on Trust and Tax Law, International & Domestic t Corporate Law, Banking Law, and Commercial Litigation. Additionally, he is a publisher of several articles including Rothschild Trust Review, New Zealand Law Journal, Trust, and Trustees among others. Cone has also contributed on the Oxford University Press in the World Trust Survey and the International Trust Disputes release. Other articles where he was a contributing author include the Law of Offshore Jurisdictions, Trident Guide to International Trusts, and the International Trusts Guide.

Geoffrey Cone terms New Zealand as a country characterized by high levels of tax transparency. Media has portrayed it as a country with exotic lands, wealthy individuals and a complicated financial system founded on corruption. Additionally, the media term it as one of the tax havens. However, Cone disagrees with the information referring to the Organization for Economic Co-operation and Development (OECD) list where New Zealand does not appear. A tax haven is any institution that does not involve transparency, and there are no taxes on the citizens, and if any, it is only the nominal fee.

The 2002 OECD Model Agreement on Exchange of Information on Tax Matters included New Zealand on their white list. The list consists of the countries that have implemented the internationally agreed tax standards. To ensure the high levels of Tax transparency, every resident trustee of a foreign trust should submit a form of Foreign Trust Disclosure and keep her financial and other records that would aid in taxations. Other information needed includes the trust deed, settlement details, money received or spent by the trustee among others.

Non-Autonomous Vehicles May be Banned from I-5

According to an article originally published on Drive, people being able to drive their own vehicles between Seattle and Vancouver may soon come to an end if a plan proposed by Medrona Group, a Seattle-based technology firm, cones to pass. The plan was recently announced during the Cascadia Conference during which Governor Jay Inslee and British Columbia Prime Minister Christy Clark pledged to work together more closely in development of the region.

The plan proposed by the Medrona Group would allow autonomous cars into the HOV structure of I-5 immediately. Then, the company suggests that new lanes for self-driving cars be constructed using some of the $2 billion of venture capital pouring into Vancouver. After the lanes are constructed, then non-autonomous cars and trucks would be banned from driving on the I-5 except overnight and on the weekends.

The plan further states that the speed of development for self-driving cars should be accelerated by combining the forces at the University of Washington’s new Mobility Innovation Center with students at the University of British Columbia.

There is no doubt that the 140 mile stretch of interstate between Seattle and Vancouver can become a nightmare. Medrona Company, however, does not want to see anyone lose their jobs or have to move when their plan goes into effect. Therefore, they recommend that a voucher system be developed where low-income people could receive a self-driving car for free.

Eventually, Medrona Company wants to see the plan extended to include other areas of the Pacific Northwest where traffic is a problem. Their next goal would be to include Portland, Oregon, into the mix.

While this plan may not be perfect, it does have the support of Bill Gates behind it. Microsoft recently moved to Seattle following a move earlier by Amazon. The future in the area seems bright for technology companies. Therefore, if any area of the country is ready to accept self-driven cars it seems like this would be the perfect place.

George Soros Joins The Democratic Bandwagon

The legendary billionaire investor, George Soros, has dipped his feet into the political arena once again and is now supporting the democratic party as he did before in 2004 when he donated $27 million to the democrats in hopes of defeating George Bush.

This time, Soros has spent over $25 million in support of Hillary Clinton and her dream of becoming the first female president of the United States. Soros is not stopping with this hefty donation, however. Many of his close associates and colleagues claim that he is trying to muster up even more money for the Democratic party through high-risk currency trades.

Despite his past affiliation with Clinton and the Democratic party, George Soros has never attended any of their conventions or debates. He had planned to attend one this time around but due to his recent return to active trading, Soros decided to stay tuned to the current economic situation in Europe and throughout the rest of the world.

It is not absolutely clear whether Soros’ recent political involvement is due mostly in part to his fear of Donald Trump being elected or his affiliation with Hillary Clinton on en.wikipedia.org, which has spanned over 25 years, yet Soros has been adamant about his feelings for Donald Trump, claiming that the Republican is aiding ISIS by invoking fear into the masses.

While Soros has continuously supported the Democratic party throughout the years, he usually seems to become actively involved when the stakes are high. This year it looks like they are high enough to put his money where his allegiance lies since he would rather see Hillary in office rather than Trump.

This year Soros’ political affiliation does not appear to be influenced so much by the actual candidates, rather more so by the causes they support and the freedoms they stand for, such as religious tolerance, immigration reform, and criminal justice regulations.

Whatever the reasons for Soros’ Democratic donations may be, it is invariably seen as a good sign by the Democratic party as it could influence other wealthy activists who wish to see Trump remain out of office in giving financial support to Clinton and the Democratic party.

While other rich political activists have indeed already followed Soros’ lead, he himself has contributed enough to the Democratic party to boost Hillary’s campaign efforts. As stated earlier, Soros is not finished donating yet. He recently committed $5 million to a PAC dedicated to helping Hispanic voters, as well as another $5 million to a non-profit organization designed to stop conservative efforts in restricting voting rights.

Only time will tell if Soros contribution will be enough to get Hillary and the Democratic party into the White House.

Scientists Discover New Type of Earthquake

Scientists working at Caltech in Pasadena, California, say that earthquakes may not be limited to the earth’s crust, according to an article recently published on Science Alert. They now believe that earthquakes can occur in the earth’s upper mantle.

So far, the team has just discovered smaller earthquakes in the crust, but there is disagreement over how strong these earthquakes that are undetectable using traditional seismic equipment may become. Some scientists believe that earthquakes occurring in the earth’s mantle will remain less than a 2 calling them localized chatter that cannot group themselves together to form a massive earthquake. Others suggest that they may become stronger than any earthquake that has happened so far.

Researchers started looking at this phenomena after a 8.6 earthquake occurred in the Indian Ocean on April 12, 2016. This earthquake did not occur in line with traditional theories. Therefore, scientists had to start looking for a new hypothesis. The earthquake did, however, occur along a fault line similar to those found in the San Andes fault line and the Newport-Inglewood fault lines.

Meanwhile, scientists with the Southern California Earthquake Center said at the National Earthquake Conference that they believe that a major earthquake may occur along the San Andes fault very soon. The Pacific plate is moving northwest at a rate of 16 feet every 100 years while the North America plate is not moving. Therefore, tension is being created under California. If a major earthquake occurs in this area, then scientists say that it could kill 1,800 people, injure over 50,000, cause $200 billion in property damage and cause six months of compromised sewer system problems. They are most worried about the damage spreading towards Los Angeles, although they say damage in the Coachella Valley, Island Empire and Antelope Valley would be extensive.

Scientists have also announced that they have found a new fault line under the Salton Sea. They believe that this fault line may be taking pressure off the San Andreas fault which is why major quakes have not recently occurred there. This new fault line has recently been rumbling producing 300 small earthquakes last week.

Try These Natural Techniques For Lighter And Brighter Skin

Skin can begin to darken with time and exposure to the hazards in the environment, sun exposure, medical issues, overly dry skin, poor diet, stress, and certain chemicals in the things that we use on our faces.

Achieving flawless skin can be quite difficult. Many people will use the products that are on the market and end up doing more damage than there was before. If you want to lighten your skin to give is a youthful and healthy appearance then you can try some of these safe alternatives.

-Yogurt
The lactic acid in yogurt works well to lighten the skin. It also is packed with nutrients that are good for your face. All you have to do is rub it on your face and leave it for a few minutes daily for a few weeks and you will see noticeable results.

-Oranges
The vitamin C in oranges will lighten and brighten your skin. Not only will oranges lighten your skin when applied topically but they will also help your skin when you eat them by giving your body a healthy dose of vitamin C. You can mix two tbsp of OJ with some turmeric and apply to the skin. Let the mixture sit for a half an hour. You can also make a powder from ground and dried orange peels. Mix the powder with yogurt and apply to your face. Let the mixture sit for 15 to 20 minutes. Only try these treatments once or twice per week to avoid irritation.

-Lemons

You can dip a cotton ball in fresh lemon juice and rub on your face and let sit for several minutes. You can also mix turmeric and lemon juice and apply to your face. Let the mixture sit for a few minutes. Lemon will brighten and lighten your complexion and can help prevent scarring.

-Makari

Makari is a safe and effective skin lightening treatment.Makari is made up of all natural ingredients such as carrot and argan oil. Makari is meant to be used on darker skin tones that have previously not been addressed by the beauty industry. They have a complete line of skin lightening and skin tone evening products that will give you a perfect healthy glow.

Oregon State has Met its Mark – 2.5 Million Are Registered for Nov. 8 Elections

Although the Republican party is against bill HB 2177, the Democrats managed to influence Oregon state to adopt the bill. As a result, the voting numbers have risen for the next election in November. Chiefly, this kind of rise in attendees can change the outcome for local companies and communities by the millions of dollars.

 

The citizens of Oregon collected impressive numbers, by registering for the November 8 elections. Secretary of State, Jeanne P. Atkins claims that November 8th will be one of the most active elections in Oregon’s voting history. According to sources, the Oregon government is placing Measure 97 on the board for the next contingency; Measure 97 imposes a minimum tax on companies that bring in over @5 million in sales – a tax minimum of $30,001 plus 2.5% of the amount above $25 million. The voter registration deadline is Oct. 18, at midnight PST.

 

Arguably, the Republicans continue to point out that the government ‘shouldn’t’ try to register people because certain citizens attain religious beliefs that may hinder their need to vote. Furthermore, Rep. Knute Buehler, R-Bend comments, “Automatic voter registration replaces individual convenience with government coercion…” Thereafter, Bueler continues by expressing his dislike of the specific idea.

 

Last February 2015, a ‘sweeping’ voter registration bill moved closer to law, as the bill was approved by the House on a party-line vote, ultimately, giving Oregon the ‘most expansive’ voter registration law in the United States. This is considered a motor voter bill, which uses Oregon state drivers’ license data to automatically register voters – lobbied by the Democrats (took effect on January 1, 2016). In general, the bill supports HB 2177, which covers the usage of driver’s license data going back to 2013. Ideally, this particular information in sought after to automatically register voters who appear as citizens through the DMV. Then, those new voters are sent a postcard requesting for their attendance to vote or opt out of registration. However, if they didn’t respond, the assumed citizen would be registered as a non-affiliated voter. In the meantime, Oregon is showing additional numbers in the 110,000+ range.

Giants Look to Compete Against Cubs

Heading into the 2016 major-league baseball playoffs, the San Francisco giants were considered one of the favorites to advance to the World Series. The Giants were fan favorites and expert picks due to their recent successes that includes winning 3 championships in the past 7 years. Their goal of winning another title seemed to get off to a great start after they won the Wild Card game in the National League Playoffs over the New York Mets. While they started off great, a recent news article (http://www.espn.com/mlb/story/_/page/playoffs16_nldsgame3sfchc/nlds-chicago-cubs-san-francisco-giants-mega-preview-win-game-3) has pointed out that the Giants are in a tough fight against the Chicago Cubs.

 

On Friday and Saturday night against the Cubs, the Giants got off to a tough start. In Game 1 of the Divisional Round of the playoffs, the Cubs ended up scoring a key run in the bottom of the 8th inning and held on to win a tight game by the score of 1-0. During Game 2, the Cubs started off quite hot and ended up winning by the score of 5-2 despite losing their starting pitcher early in the game due to injury.

 

After the first two games were played in Chicago, the series now has shifted to San Francisco where the Giants will host Game 3 on Monday night and potentially Game 4 on Tuesday night if the Giants are able to win on Monday. Monday night has a lot of potential to be an absolute classic matchup. The Giants will be led by Madison Bumgarner who is well regarded for being one of the best playoff pitchers of all time. The Cubs, on the other hand, will be led by Jake Arrietta who is the reigning Cy Young award winner.

 

If the Giants are able to get by the Cubs in Game 3, they still have a tough road ahead as they will have to win both Game 4 and Game 5 in order to advance. The winner of the series will end up facing either the Washington Nationals or the Los Angeles Dodgers in National League Championship Series.

The Rise of Boraie Development

Boraie Development is an events services company that is based in New Brunswick New Jersey. Currently, the company has 50 employees and specializes in different services on boraie.com. Some of these services include urban real estate market development as well as sales and marketing and finally property management. The team under Boraie Development focusses only on two things; building spectacular properties and at the same time ensuring that their clients receive the best treatment in the market. Omar Boraie Development has formed partnerships with the strongest financial Institutions. Boraie Development also partners with architects with visions and also deals with contractors that are very god at meeting deadlines.

Omar Boraie has over 30 years of experience dealing with several services such as being a residential and commercial specialist. The company also specializes in Condos and Townhomes as well as offering computerized MLS and residential resale. The firm has built a reputation as one of the best companies in New Jersey. This company was incorporated by an Egyptian-born Omar Boraie who came to the United States of America to study a Ph.D. in chemistry. While in school, he realized the potential in real industry and decided to venture into this lucrative venture. That was about 40 years ago.

The company is divided into several departments. These are the sales and marketing department, Property Management department as well as the Real estate development department. The real estate department specializes in committing its vision and the company’s capital to produce the best project for its client. This department is known to use the country’s leading capital sources like big commercial banks to fund their projects. This department is focused on developing products and projects that attract tenants as well as residents and not forgetting financial partners.

Another department that plays a major role in the success of the company is the Project Management department of Omar Boraie. This department is part of the overall strategy and helps create and add value to their projects. This department’s functions include things like administration, accounting, customer’s service as well as leasing, marketing, and maintenance. Finally, the sales and marketing department has been a major factor for the growth and development of Omar Boraie Development. This department has sold properties over $150 million. This department is also responsible for integrating the development and property development of this company. A notable partner at Boraie development is NBA superstar Shaquille O’Neal. This company has managed to record the highest number of sales in the real estate sector in New Brunswick area than any other company.

Igor Cornelsen: Why Brazilian Banks Aren’t Affected by The Economy

 

At the end of 2014, the banking industry was shocked about the anomalies in most of the banks in Brazil. It is believed that most of the banks suffer when there is any trouble in the economic. However, this did not happen in Brazil. When Dilma Rousseff was the president of the country, there was no economic growth, because of the populist ideas that were being used. By the end of the year, the economy was in a dangerous mess.

The country has two main private banks, known as Itau Unibanco and the Banco Bradesco. The two banks reported that their shares significantly rose up in the year. The two private banks also reported that they had solid profit increases. Investors in the world are shocked how these banks have been able to weather the storm.

 

Igor Cornelsen is one of the top investment experts and bankers who is based in Brazil. Igor says that the country has managed to withstand the storm because the professionals working in the banks have a lot of knowledge in the market, and they have also gained a lot of experience during the turbulent years.

 

Igor Cornelsen says that the Brazilian bankers, especially those in the private industry have only been giving loans to the borrowers who prove to the worthy of the credit. This secret ensures that the costs are streamlined, and the banks get the sense of security they need to look ahead. Cornelsen notes that the individuals with less desirable credit are forced to look for help in the public industry bank or the cash-based spending. Some of them are also forced to forego their business plans because they cannot get the funds needed.

 

He has blogged about how the formula used in these private banks has severely affected the macro economy of the country, and the development of the country is affected too. The Brazilian government should put measures in place to ensure that the investors in the country feel secure. The government should also instill more market-oriented fiscal austerity and reforms that will make the individuals in the middle-class access credit. If these small investors are given an opportunity, then the country will experience the growth it needs.  Read more about Igor on Wikidot.

Rome withdraws, could increase LA’s chances for 2024 Olympics

On Tuesday of this week Rome officially withdrew itself from consideration for hosting the 2024 Olympics. Los Angeles has been in the mix all along, and with a narrowing field, it could help the California city’s chances.

Los Angeles, Paris and Budapest are the remaining candidates to host the games. A story in the LA Times says the International Olympic Committee is made up of Western Europeans, and that could weigh heavily in favor of Paris or Budapest, and in that case the Italians’ withdrawal would not mean very much. Still, Los Angeles is a serious candidate and could eventually win the prize.

The Olympic Committee has had trouble getting applicants to host the games. The press release said local government opposition was the primary reason Rome pulled out. The Rome City Council withdrew its support recently, and that made it virtually impossible to host the games there. Also earlier in the year, Virginia Raggi was elected Mayor of Rome, and was running on the single issue of opposing hosting the Olympics.

Also earlier this year, Hamburg, Germany voters turned down hosting the games in a referendum vote.

Boston also withdrew from consideration last summer. Four other cities have also withdrawn over the past year.

The IOC has added some reforms that they hope will make hosting the games less expensive. While it is an honor to hose the Olympics, it is very costly and some have raised concerns about whether it is worth it to get the prize. Many cite the tremendous cost of hosting the games, and say the financial risk is too great. The prestige of hosting the games has value, but if the city goes broke in the process, it will have a hard time justifying winning the right to host the games.

Los Angeles and Paris have been the favorites all along, and this will not change that impression.

The Los Angeles committee issued a press release saying it was disappointed in hearing that Rome had withdrawn as a candidate. It said Rome had been a good candidate and they praised the Italian city for its professionalism.

Rome officials did hold out a small hope they could resurrect their campaign, but for now they have decided to suspend the effort.