Tax free shopping: Give the high street the boost it needs

first_img The West End has been hit especially hard by the coronavirus pandemic (AFP via Getty Images) Also Read: Tax-free shopping: Give the high street the shot in the arm it so urgently needs Show Comments ▼ Tuesday 15 September 2020 4:55 am While retailers and leisure occupiers alike struggle with empty high streets and the prospect of increased costs from business rates on the horizon, it is vital that we consider the worst case scenario. It is a bleak scene of barren high streets, boarded up shops and thousands without jobs.  Share The West End has been hit especially hard by the coronavirus pandemic (AFP via Getty Images) Also Read: Tax-free shopping: Give the high street the shot in the arm it so urgently needs This goes beyond London into other key retail markets such as Manchester and Edinburgh. But we should be most concerned with the West End. As the Brexit debate rages on, and with the end of the transition period looming, the pressure is on to draw a line under deal talks by the end of October. Much has been made of the potential benefits for UK consumers in the event of no-deal – a Brexit Bonus, if you will. But this is not the only avenue that the UK has for reaping rewards from Europe. Yet, if we do not swiftly change our stance on tax-free shopping, it will not simply be the case of losing potential shoppers from the EU, but also domestic trade too. EU countries have long looked hungrily at the spending power of UK shoppers, and no doubt will be keen to offer tax-free shopping to those Brits seeking city breaks. Providing these essential EU shoppers with tax free shopping would generate an estimated additional £1.4bn in annual retail sales. This would secure 28,000 retail jobs, and boost the wider tourism economy to the tune of £2.1bn This is the shot in the arm that is so desperately needed after a chastening six months. Brexit presents a unique opportunity for us to make this change, with or without a deal. Currently visitors from EU member states are specifically excluded from the tax-free shopping scheme. But changing just six words in our regulation would open the door to throngs of new customers for our struggling retailers.  whatsapp Opinion If we want to protect this status beyond 2021, we must urge the government to act now, and use tax-free shopping to help protect our cities as we start on the road to recovery.center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitionNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun The West End has been hit especially hard by the coronavirus pandemic (AFP via Getty Images) The area is so much more than a collection of high streets. It is the shop window to Britain, a tremendous source of foreign investment and the first port of call for global brands when they reach our shores.  The lockdown has hit UK cities and their high streets hard. Despite shops reopening three months ago, footfall remains dangerously low, with footfall across the West End down 63 per cent year on year.  Jace Tyrell is chief executive of the New West End Company. Earlier this month, New West End Company – along with 100 other businesses from across the UK – sent the Treasury a letter urging the government to make EU visitors eligible for tax-free shopping when we leave the bloc at the end of the year. About 70 per cent of all international visitors to the UK come from the EU, and they will only grow in importance as the country eases its way out of the coronavirus pandemic. Not only are they more likely to return quicker than long-haul visitors, but they are also more likely to spend throughout the entire country.  whatsapp Jace Tyrrell City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Tax-free shopping: Give the high street the shot in the arm it so urgently needs last_img read more

Team Angry Beaver wins 5th annual Race to Alaska

first_imgSoutheast | SportsTeam Angry Beaver wins 5th annual Race to AlaskaJune 11, 2019 by Elizabeth Gabriel, KRBD-Ketchikan Share:Team Angry Beaver crew members discuss their 750-mile journey. (Photo by Dylan Simpson/KRBD)Bells and cheering on the Thomas Basin dock greeted sailors Matt Pistay, Gavin Bracket, Brent Campbell, Alan Johnson, Mats Elf and Simon Miles. Team Angry Beaver was the first boat to cross the Race to Alaska finish line and accept their congratulatory case of beer.Named after their local Seattle bar, this was Team Angry Beaver’s first time competing in the 750-mile boat race from Port Townsend, Washington, to Ketchikan, Alaska.The race was a close call all morning between Team Angry Beaver and Team Pear Shaped Racing. Team Pear Shaped Racing had been posting from their social media accounts all morning, but their boat tracker wasn’t working. Team Angry Beaver managed to stay ahead. “They had the advantage over us, with the tracker, because they always knew where we were. We never knew where they were,” said Angry Beaver racer Matt Pistay.In its fifth year, Race to Alaska is a competition for engine-less boats and requires zero prearranged support. For the first stage of the race, the groups have to get to Victoria, British Columbia, within 36 hours in order to qualify. Only 37 of the original 50 groups made it to the second and final stage of the race. For the second stage, participants must go through Seymour Narrows tidal rapids, about midway up Vancouver Island, towards Bella Bella, a coastal town in British Columbia about halfway through the race course. After that, it’s anyone’s game.Team Angry Beaver pulls into the Alaska Fish House dock in Thomas Basin on Monday. (Photo by Dylan Simpson/KRBD)Jake Beattie is co-creator and executive director of the nonprofit that runs Race to Alaska. According to Beattie, an average of 50% of the teams that start the race actually finish, due to the difficulties of sailing.Team Angry Beaver’s Alan Johnson said their three biggest challenges were the pedal drive, cooking food and having energy to power the canting keel.“We had to stop and back down somewhere in, like, the north end of Vancouver Island when there were tons of logs in the Queen Charlotte Strait. We had to just keep dodging around,” Johnson said.All the team members have been sailing for years — one of them since he was 3 years old. After sleeping only two hours a night for the past four days, Pistay said they were excited to finish first.“We were going to put up a kite, but we decided not to. We decided to crack a beer — our last five beers that we had on board — and enjoy the moment,” Pistay said.Coming in behind Team Angry Beaver was Team Pear Shaped Racing, Team Shut Up and Drive and last year’s winners, Team Sail Like a Girl.The Angry Beaver’s crew will share a $10,000 prize. The second place team will win a set of steak knives.Share this story:last_img read more

There are 3 new cases of COVID-19 at a salmon processing plant in Excursion Inlet

first_imgCoronavirus | Economy | Fisheries | SoutheastThere are 3 new cases of COVID-19 at a salmon processing plant in Excursion InletJune 22, 2020 by Nat Herz, Alaska’s Energy Desk – Anchorage Share:Workers remove the bones from salmon fillets at Alaska Glacier Seafoods’ Auke Bay processing plant (Photo by David Purdy/KTOO)A seafood processing company has confirmed three new cases of COVID-19 at a Southeast Alaska plant. They’re among 10 positive tests reported by the state Monday.The three cases are at a salmon processing plant in Excursion Inlet, a remote spot about 40 miles west of Juneau. The plant is owned by OBI Seafoods, the new company formed by a recent merger of Icicle Seafoods and Ocean Beauty Seafoods.The three workers are all non-residents, and they were tested as part of a routine COVID-19 screening on their sixth day of a 14-day quarantine, OBI says.All three workers were not showing symptoms but were immediately isolated. Two of the workers lived in a house away from the plant’s bunkhouse, and the third worker was living with only one other person, the company says.There are 140 workers already at the plant, and the company plans to bring in 40 more for the summer season.The state announced one other nonresident case of COVID-19 Monday, in a visitor to the Wrangell-Petersburg Census Area. There are also six new cases among residents: Three are from Anchorage, one is from Palmer, one is from Wasilla and one is from the North Slope Borough.There are now 258 active COVID-19 cases in the state.Share this story:last_img read more

Biden reinstates northern Bering Sea climate plan

first_imgAlaska Native Government & Policy | Climate Change | Energy & Mining | Environment | Federal Government | Fisheries | Government | Northwest | Oceans | WesternBiden reinstates northern Bering Sea climate planJanuary 25, 2021 by Emily Hofstaedter, KNOM – Nome Share:Bering Sea coastline near Nome, October 2017. (Photo by Zoe Grueskin/KNOM.)President Joe Biden signed several climate-related executive orders on his first day in office. One of them reinstates the Northern Bering Sea Climate Resilience Area, an Obama-era executive order that includes protections from offshore oil and gas leasing in the Norton Sound as well as waters around St. Lawrence Island.The original order was revoked during former President Donald Trump’s early months in office.The reinstated order outlines policies on marine shipping, pollution, marine debris and oil spills, among other Arctic marine-related issues. The entire “resilience area” stretches over 112,300 square miles, from the Kuskokwim Bay to the southern border of the Chukchi Sea.But for groups in Western Alaska, one of the most significant things about the order is that it acknowledges the importance of using local Indigenous knowledge. The federal task force responsible for the Northern Bering Sea Climate Resilience Area would include an intergovernmental tribal advisory council. The council has not yet been formed but would include between nine and eleven elected representatives from tribal governments.Melissa Johnson, executive director of the Bering Sea Elders Group, called it a “milestone” for incorporating Indigenous people into federal conversations and policy on climate change.“That council focuses on the matters that affect us as Indigenous people who live along the Bering Sea coast, who rely on the Bering Sea coast and who pass that knowledge on to future generations,” Johnson said.Johnson and others emphasize that anything addressing climate change and activities in the Bering Sea should include local tribes. In 2016, the Elders group and 39 Tribes reportedly petitioned the Obama administration for additional marine protections. One of their primary concerns was that increased Arctic shipping could impact marine mammal migrations and subsistence hunting.In a joint press-release from several Tribal groups, the Bering Sea Elders Group said the order “elevates” tribal roles in Bering Sea management and “provides a pathway for our Tribes to exercise self-determination.”The “resilience area” stretches over 112,300 square miles, from the Kuskokwim Bay to the southern border of the Chukchi Sea. (map from the executive order)Kawerak, Inc. marine advocate Austin Ahmasuk welcomed the new order after years of Arctic policy that he said has not adequately included the people most affected.“A lot of Arctic policy is being proposed, decided upon, even written, by people who are not from this region,” Ahmasuk said. “We’re glad that it’s prohibited oil and gas leasing in those planning basins. We are of course glad about the prohibition of bottom trawling into the northern Bering Sea. And then we look very much forward to how communities will be involved as advisors in Northern Bering Sea management.”The original 2016 executive order drew sharp criticism from the Alaska congressional delegation. Senator Dan Sullivan called it a “unilateral plan to harm Alaskans.” The delegation has not yet issued a statement or responded to requests for comment on Biden’s decision to reinstate the 2016 executive order.The Dunleavy administration would not comment specifically on the reinstatement of the Northern Bering Sea Climate Resilience Area.In a statement from the Alaska Department of Law, Assistant Attorney General Maria Bahr wrote that Biden’s executive orders are still being reviewed for their impacts on state agencies.“These are complicated and evolving issues and will take some time to fully analyze,” Bahr wrote in a statement.Share this story:last_img read more

News / Eric Brandt is Crane Worldwide’s new vice president of sales for US east

first_imgBy Gavin van Marle 15/11/2019 Crane Worldwide Logistics has appointed Eric Brandt (pictured above) as its new vice president of sales in its US east regionMr Brandt will be based in in New York and has worked in the logistics industry for almost 20 years. He has significant experience in freight forwarding, contract logistics solutions and final-mile distribution, with specialisation in the consumer and retail verticals.He was recently head of global logistics for food conglomerate Kraft.“Eric’s expertise will help drive our strategy as we continue our growth focus in the east region,” said Rob Keuten, regional vice president. “We have clearly defined our goals for 2020 and I am very glad he is on board and know he will be a valuable member to our team on a local and global scale.”Tim Zubradt, chief sales officer, said: “As a privately owned company, Crane Worldwide Logistics strives to be the employer of choice for logistics experts around the world.”last_img read more

STAT Virtual Roundtable: How can digital health overcome its next hurdles?

first_img STAT staff By STAT staff Oct. 23, 2020 Reprints On October 22, 2020, STAT convened several leaders across the health tech industry for a virtual roundtable discussion on digital health technologies. Over the course of the hour-long event, the group discussed two key questions: “What are the biggest barriers facing new digital health technologies and how do we overcome them?”You can watch a full recording of the conversation below.advertisement About the Author Reprints [email protected]center_img STAT virtual roundtable on digital health solutionsVolume 90%Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledPlay/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemSeek %0-9 facebook twitter Email Link EmbedCopiedLive00:001:00:191:00:19  Adobe Video ChatSTAT Virtual Roundtable: How can digital health overcome its next hurdles? last_img read more

Cadres divided on likelihood of fifth nuclear test

first_img News SHARE Cadres divided on likelihood of fifth nuclear test Following Kim Jong Un’s announcement at the 7th Worker’sParty Congress of the intent to pursue the “Byungjin Line,” or paralleldevelopment of nuclear weapons and the nation’s economy, reaffirming the regime’sdetermination to pursue nuclear development, sources inside the country reportthat a fifth nuclear test may be imminent.A high-ranking source in Pyongyang confirmed this report,stating that although the planned date for the fifth nuclear test launch hasyet to be announced, Kim Jong Un appears to be following through onannouncements made during the 7th Party Congress.“The regime is ready and able to conduct a nuclear test atany time, which seems even more likely given the related training directivestargeting cadres that were also recently announced,” the source explained,adding that Kim Jong Un will likely continue to trumpet the regime’s pursuit ofnuclear weapons both domestically and internationally.Hushed speculation among some Party cadres sees the emphasison nuclear weapons as an expression of discontent by the young leader overChina’s active participation in sanctions against the country. Still otherstake this point further, claiming that increasingly frayed bilateral ties atthe government level have driven North Korea to seek reprisal against itslongtime ally for “bending to US demands (i.e. sanctions).”Apparently bolstering Kim Jong Un’s resolve is wordcirculating among pockets of senior military cadres, who assert that in thelikely event that China swiftly dispatches a delegation in an attempt topreclude another nuclear test, North Korea should not bend to the former’swill. “They see China as looking down on North Korea and want the leadership touse this opportunity [the nuclear test] to highlight its displeasure,” thesource said, speculating that Kim Jong Un’s order to prepare for the fifth testis tied to his awareness of these sentiments.As ever, there are competing interpretations of both theParty Congress and the recent ordinance to prepare for the nuclear test.According to a separate high-ranking Party cadre in Pyongyang, who cited sentiments sharedin his circles, Kim Jong Un’s emphasis on economic progress at the PartyCongress illustrates his potential to negotiate over nuclear development withthe international community. This, they think, renders his threats little morethan propaganda and severely diminishes the actual likelihood of a fifthnuclear test.“All the talk coming down with concerns about the nucleartest notwithstanding, the fact is the country is deep into rice-planting seasonnow, meaning there is no plausible reason for this to erupt into a politicalissue for the time being,’ he said, adding, “Moreover, to turn around and carryout another nuclear test after announcing plans to improve the economy for thepeople would further isolate the country and exacerbate domesticdissatisfaction with the leadership.” They are also concerned that such an event will result inNorth Korea suffering disproportionately, and therefore predict that if NorthKorea takes up its usual posturing, it may ultimately end up “trying toextricate itself from the situation with its tail between its legs.”  News Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR NewsEconomycenter_img Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders News Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] US dollar and Chinese reminbi plummet against North Korean won once again By Kang Mi Jin – 2016.05.20 7:12am North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) last_img read more

Sentry enters sub-advisor agreement with GWL

first_img Purpose looks to fill retirement income gap with longevity fund IG Wealth amends product shelf Keywords Mutual fundsCompanies Great-West Life Assurance Co., Sentry Investments Inc. Tessie Sanci The income-producing fund joins GWL’s product line-up, which includes both fund-of-fund and stand-alone, multi-manager platforms that are built primarily to preserve capital while generating income. “Combining our wealth-management skills with Great-West Life’s high-quality segregated fund contracts will help provide Canadians with the investment solutions they require as they look for income-producing alternatives,” says Gaelen Morphet, chief investment officer of Sentry Investments, in a statement. The agreement will also bring Sentry’s investing strategy to GWL’s sister companies, Toronto-based Canada Life Assurance Co. and London, Ont.-based London Life Insurance Co. “The Sentry Global Income Fund will be a valuable addition to our fund line-up, which will continue providing Canadian investors with access to global high-quality fixed-income and equity securities,” says George Turpie, senior vice president, investment products, wealth management for GWL, in a statement. Photo copyright: nonwarit/123RF Related news Toronto-based Sentry Investments Inc. announced on Thursday that it had entered an agreement with Winnipeg-based Great-West Life Assurance Co. (GWL) to act as sub-advisor on its Global Income (Sentry) Fund. Share this article and your comments with peers on social media Franklin Templeton launches new real asset fund Facebook LinkedIn Twitterlast_img read more

Court dismisses challenge of deal that helps U.S. nab tax cheats in Canada

first_img Related news Keywords Tax audits agreement, attorney, auction, authority, balance, barrister, beam, scale, book, bookcase, books, brass, brown, business, colourconcept, contract, counsel, court, courthouse, courtroom, crime, criminal, decision, defendant, divorce, enforcement, financefreedom, gavel, government, guilt, guilty, hammer, horizontal, innocence, judge, judgement, judgment, judicial, justice, lawlawyer, legal, legislation, liberty, libra, litigation, mallet, prosecution, punishment, rights, scale, scales, scales, of, justice, sentencesymbol, symbolic, system, tax, trial, tribunal, truth, verdict, weight, will, wood, wooden andreypopov/123RF Share this article and your comments with peers on social media O’Toole calls for pause on CRA audits for businesses struggling due to Covid-19 Canadian Press center_img The U.S. Foreign Account Tax Compliance Act, or FATCA, requires financial institutions in countries outside the United States to report information about accounts held by U.S. individuals, including Canadians with dual citizenship.Deegan and Highton challenged the constitutionality of Canadian provisions implementing an agreement between the countries that makes the information-sharing possible.They argued the provisions breached charter guarantees that prevent unreasonable seizure and ensure equality of people under law.Mactavish concluded that although the provisions do result in the seizure of the banking information of Americans in Canada, the affected people have only a limited expectation of privacy in their data. A judge says a Canada-U.S. deal aimed at zeroing in on tax cheats north of the border does not violate the Charter of Rights and Freedoms.In a ruling today, Federal Court of Canada Justice Anne Mactavish dismissed an appeal from two American citizens, Gwendolyn Louise Deegan and Kazia Highton, who now live in Canada and have no real ongoing connection with the United States. CRA promotes public database to track employers using wage subsidies Facebook LinkedIn Twitterlast_img read more

Hundreds Attend Business Clinic

first_imgRelatedHundreds Attend Business Clinic RelatedHundreds Attend Business Clinic Hundreds Attend Business Clinic Health & WellnessApril 8, 2009 FacebookTwitterWhatsAppEmail Hundreds of small business operators and stakeholders from western Jamaica are preparing themselves to meet the challenges of the present economic recession, by attending the first of two business clinic and sensitisation sessions, at the Montego Bay Civic Centre, in St. James, on April 7.The sessions are being carried out by the Jamaica Business Development Corporation (JBDC), under the theme: ‘Capitalising on today’s business opportunities for tomorrow’s prosperity’. They are geared toward exposing participants to various means of growing and strengthening their businesses and surviving the economic crisis, through a series of four workshops focusing on topical areas of business, such as business planning, record keeping, creating a market-ready product and customer service.“We want small business operators and prospective entrepreneurs to understand that even though we are experiencing an economic downturn at this time, this period will pass, the recession will finish and when that time comes, we want them all to be ready, so that their businesses will pick right back up and prosper once again. We are therefore targeting all types of small businesses, in an effort to guide persons towards enlarging their business vision. We want to show the micro and small business people that we are here to help you if you allow us to,” Public Relations Officer at the JBDC, Sancia Campbell, told JIS News.Public Relations Officer at the Jamaica Business Development Corporation (JBDC), Sancia Campbell, addressing participants at a business clinic, put on by the JBDC, at the Montego Bay Civic Centre, in St. James, on April 7.She explained that business operators are given a kind of ‘hand-holding’ assistance and are taken through a process, where they are screened to see whether the business is viable, so that a business plan can be produced.“So far the sessions have been very well supported and have been very rewarding, as people crave for the type of assistance that we are providing. The attendance has been good and this goes to show that we are doing the right things as we can hardly find sufficient space for participants. I am convinced that small businesses have a place in Jamaica’s economy, as they provide some 80 per cent of the country’s employment. I therefore urge these business operators to respect what they are doing and strive to be the best at what they are doing, as this is a sure way at ensuring their financial security and future,” Ms. Campbell said.center_img Advertisements RelatedHundreds Attend Business Cliniclast_img read more