EC urged to exempt all pension plans from ‘unnecessary’ VAT burden

first_imgThe European Commission must act to ensure all pension funds are exempt from having to “unnecessarily” pay value-added tax (VAT) on contracted management services, according to two major pan-European advocacy organisations.In a joint paper, PensionsEurope and the European Association of Paritarian Institutions (AEIP) called for EU legislation to be amended as it did not contribute to the equal treatment of pension schemes within the bloc and undermined “the freedom of contract of pension providers and paritarian institutions”.Paritarian institutions are institutions jointly established and managed by employers and trade unions on the basis of collective agreements, and generally for the purpose of social protection.AEIP and PensionsEurope called for all pension fund participants, regardless of the character of the schemes or the member states in which the services were received, to be freed from “unnecessary VAT burdens”. They emphasised that the exemption of management services to pension plans must be clear and that non-discriminative policies were vital for maintaining a level playing field within the EU.Under the current interpretation of the VAT Directive, the Brussels-based lobby organisations said, similar pension schemes in different countries were being treated differently for tax purposes with regard to the management services they procured.The current regime also did not provide enough guidance for increasingly commonplace hybrid pension plans, PensionsEurope and AEIP said.Alexandra Kaydzhiyska, permanent representative from AEIP, said the VAT Directive had not kept up with developments in the pensions landscape.“It is time to update the rules to ensure that all pension funds are exempt and that they respect the principles of non-discrimination and neutrality,” she said.PensionsEurope CEO Matti Leppälä suggested the current situation was at odds with efforts to boost funded retirement provision in Europe.“Saddling pension funds with an unnecessary and arbitrary VAT burden makes them less attractive and ultimately undermines the objective of achieving adequate and sustainable pensions across Europe,” he said.ECJ case law problemsAEIP and PensionsEurope argued that, without amendments to the VAT Directive, pension providers and paritarian institutions faced having to go to court in order to prevent VAT burdens, when other considerations should prevail.The ECJ case law, said AEIP and PensionsEurope, “ultimately results in distinctions between pensions plans and its providers that are explainable from the lack of political decision making and judgment on a case by case basis but are by no means derived from proper and thoughtful decision making”.There have been several landmark decisions by the European Court of Justice (ECJ) in recent years relating to pension fund VAT claims: in 2013 it ruled on a case relating to UK workplace defined benefit schemes and in 2014 on one involving Denmark’s ATP in its capacity as a provider of defined contribution plans.Further reading:Lack of VAT guidance for DB pension funds ‘beggars belief’Dutch government rules out easing pension fund VAT ruleslast_img read more

Minneapolis schools and parks cut ties with police over George Floyd’s death

first_imgMinneapolis Public Schools and the city’s parks department said they will be ending their relationship with the Minneapolis Police Department following George Floyd’s death.The Minneapolis Park and Recreation Board voted Wednesday night to end its relationship with the Minneapolis Police Department, according to a recording of the meeting. All nine of the Park Board’s members voted in favor of the resolution to immediately stop using “Minneapolis Police to staff park-sanctioned events” and end the practice of “Park Police response to Minneapolis Police Department calls.”The vote came after the Minneapolis Board of Education voted unanimously on Tuesday to terminate the district’s contract with MPD, which provided school resource officers at school buildings.“George Floyd died on the street slowly and deliberately strangled and our children watched,” Jenny Arenson, vice chair of the board said during the virtual meeting on Tuesday. “Minneapolis police, individual officers and the city have work to do. And until they demonstrate they have done that work, we need to separate our relationship.”Additionally, the University of Minnesota also announced they would “no longer contract with the Minneapolis Police Department for additional law enforcement support” and it will not use the police department for “specialized services are needed for university events.”last_img read more

South American FIFA World Cup qualifiers to begin in October

first_imgFOLLOWING Consultation with the South American member associations, FIFA and CONMEBOL have agreed to postpone the upcoming South American qualifiers for the FIFA World Cup Qatar 2022, initially planned to be played in the international window of September 2020. The qualifiers are now planned to start in October 2020.Taking into account the outcome of the discussions held in the COVID-19 FIFA-Confederations Working Group, the CONMEBOL Council has today requested FIFA to include a replacement international window in January 2022 in the International Match Calendar in order to complete the South American qualifiers in March 2022.This request will be dealt with by the Bureau of the FIFA Council at the next possible occasion.last_img read more

Syracuse splits weekend matches against Pittsburgh, Maryland as Kobelt earns 100th win

first_img Published on April 7, 2014 at 12:49 am Senior Maddie Kobelt cemented herself in the Syracuse history books over the weekend by becoming the 30th player in program history to earn 100 career wins. But the historical benchmark was overshadowed as her team lost to Maryland following five hours of competition. The Orange (4-11, 4-6 Atlantic Coast) cruised to an easy 6-1 victory over Pittsburgh (4-11, 0-11), but SU was unable to win two straight after losing 4-3 to Maryland (6-10, 2-8). On Friday, junior Amanda Rodgers got the momentum going for Syracuse by defeating Pittsburgh’s Taylor Washington 6-3, 6-3. The Orange kept up the pace by sweeping the remaining singles matches, with five of them taking only two sets to complete. It marked the first road victory for SU all season, and its fourth win in the ACC. Kobelt then completed the sweep in singles for Syracuse by defeating Blakely 6-7 (4-7), 6-3, 7-6 (7-3). AdvertisementThis is placeholder textUnfortunately for Syracuse, the team came up just short of winning its second road match when it lost to Maryland on Sunday. The Terrapins imposed their will at home against the Orange. Maddie Kobelt and Valeria Salazar, the top doubles pairing for SU, lost 8-6 to Nataliya Bredikhina and Welma Luus. Olivia Gaudreault and Alexandra Stanova won in convincing fashion by earning an 8-3 win over SU’s Maria Avgerinos and Rhiann Newborn. While the Orange provided a much better fight in its singles matches, it was unable to bounce back from the loss of the doubles point.After earning her monumental win two days prior, Kobelt lost in two sets, 6-3, 6-2 to Stanova. Syracuse did not immediately back down, as Newborn, Valeria Salazar and Komal Safdar won the next three singles matches to keep the Orange within distance of a victory.However, Rodgers was unable to earn the win in her singles match, losing to Nataliya Bredikhina 6-4, 6-7 (7-9), 6-1. Avgerinos was the team’s last hope but was unable to earn the hard-fought victory, losing to Olga Bredikhina 6-7 (8-10), 6-3, 6-3.Syracuse will regroup before traveling next weekend to face Clemson and Notre Dame for its final road matches of the regular season.compiled by Matt Miselis, staff writer, Comments Facebook Twitter Google+last_img read more

Kiffin and Shaw show growth in matchup

first_imgThe storyline commanding national headlines last weekend was clear enough — Stanford quarterback Andrew Luck and USC junior quarterback Matt Barkley were set to face off as two of college football’s best quarterback prospects.Of course, it played out about as well as anyone could have hoped, with the two gunslingers leading their respective teams to an incredible triple-overtime finish.But as the matchup unfolded in front of an enormous crowd at the Coliseum, a similar storyline went wholly unnoticed as a result — the first meeting of second-year USC coach Lane Kiffin and the newly-employed Stanford coach David Shaw.Much like the Barkley-Luck rivalry, Kiffin and Shaw share some similarities.The two coaches are young — Kiffin is 36 and Shaw is 39 — and somewhat new to their current coaching positions. They had previous stints in the NFL, and coincidentally both were coaches in Oakland with the Raiders.Both held offensive coordinator positions at the schools they now coach — Kiffin was with the Trojans from 2001 to 2006, acting as the offensive coordinator in his last two years, while Shaw served as the Cardinal offensive coordinator from 2007 to 2010— and enjoyed considerable success during that time. Kiffin was an integral part of USC’s 2003 and 2004 national championship teams, while Shaw turned the previously stagnant Stanford offense into a well-oiled machine.But the greatest similarity, it seemed, was that both coaches had something substantial to prove.Kiffin, of course, has been branded as a coach without a “signature win” in his two seasons at USC, having failed to close out several major games against ranked opponents. Some of his decisions in the past — on the field and off — have been questionable, prompting doubters to suggest he is too young and immature to be a head coach.On top of everything, he has faced inflated expectations of success, despite dealing with sanctions that were essentially placed in his lap.Shaw, on the other hand, faced critics not for his previous work, but because of the expectations he had to fulfill. Former Stanford coach Jim Harbaugh has become something of a legend in Northern California, and was directly responsible for the turnaround of the program in the last five years. When Harbaugh left to coach the NFL’s San Francisco 49ers, Shaw had his work cut out for him.Much like the Barkley-Luck battle, there was no doubt that Saturday would prove to be a test for both Kiffin and Shaw.One-hundred and four points, three overtimes and a fantastic finish later, it seems both coaches came out ahead.As Kiffin and Shaw took turns raising the bar offensively, it became apparent that the quality of each side’s talent was only rivaled by the coaching that led them.For the most part, Kiffin’s game was devoid of the usual questionable decisions. He continued to trust the run game, which paid dividends in the form of junior tailback Curtis McNeal’s two touchdowns, and set Barkley up with passing plays that continuously exposed a weakened Stanford secondary.Shaw showed no signs of being a first-year coach, even when his team faced a seven-point deficit late in the game.The Stanford offense posted long scoring drives when it needed them most, and matched USC blow for blow — especially impressive considering the Trojans’ consistently great field position after kickoffs.Kiffin didn’t get a signature win.But in a week in which expectations soared so high that a blowout loss would have devastated the Trojans, he got about as close as he possibly could have.It’s not often you see a coach praised for his work in a losing effort, but there has been no shortage of support from fans and media alike.As for Shaw, he now heads back to Stanford with a No. 4 ranked team and national title hopes still intact. Not bad for Harbaugh’s fill-in.Most media, analysts and fans were eager to talk about Barkley and Luck in the aftermath of Saturday’s contest. But to a large degree, what transpired at the Coliseum showed that Kiffin and Shaw are ready for the bright lights of the college football national stage. “One-Two Punch” runs Tuesdays. To comment on this article, visit or email James at read more

Bottom of the lineup carries Syracuse to 4-3 upset of No. 30 Wake Forest

first_img Published on April 21, 2017 at 8:17 pm Contact Andrew: | @A_E_Graham Facebook Twitter Google+ Anna Shkudun’s three-set singles win proved to be the decisive — and final — point as Syracuse upset No. 30 Wake Forest on Friday, 4-3, in Winston-Salem, North Carolina.The Orange (8-12, 5-8 Atlantic Coast) was able to rebound from a two-match skid despite losing the doubles point. The Demon Deacons (16-9, 6-7) took the doubles point, winning 6-0 in the No. 2 and 3 matches, respectively. As a result, Miranda Ramirez and Gabriela Knutson’s No. 1 doubles match was abandoned with the pair leading, 4-3.In singles, Shkudun, Libi Mesh, Masha Tritou and Dina Hegab all won for the Orange, giving SU just enough for the upset.After No. 55 Kimmy Guerin defeated No. 77 Ramirez in No. 1 singles, 6-3, 6-2, Tritou, playing No. 4 singles, won in straight sets, 6-2, 6-2. SU trailed 2-1. Then in No. 2 singles, No. 93 Emma Davis beat No. 87 Knutson, 6-4, 6-4. Hegab claimed a 6-3, 6-2, win in No. 6 singles, making the score 3-2 in favor of Wake Forest.At this point, only Shkudun and Mesh were left, both forcing third sets after dropping their respective firsts. Mesh went on to win, 2-6, 6-4, 6-3, tying the match at three. Shkudun picked up just her second singles win of the season, 6-7, 6-3, 6-2, giving the match to Syracuse, 4-3.AdvertisementThis is placeholder textSU stays in the Tar Heel state where it will take on No. 3 North Carolina on Sunday. Commentslast_img read more

Tipp man in Six Nations team

first_imgDave Kearney, Mike Mc Carthy and Sean O’Brien had already been ruled out for the rest of the tournament while Tadhg Furlong and Rob Herring remain with their provinces as they recuperate form injury.Meanwhile, England coach Eddie Jones has named a 32 man training squad for Saturday’s clash with Ireland at Twickenham.Luther Burrell replaces Ollie Devoto who suffered concussion playing for his club on Saturday.Josh Beaumont sustained a dislocated shoulder during his game for Sale Sharks against Worcester Warriors on Saturday and will not join up with the squad. Cian Healy and Mike Ross are back in the squad having missed the draw with the Welsh and the defeat to France through injury.Having scored a wonder try for Ulster over the weakened Craig Gilroy is also included.Cahir’s Tommy O’Donnell and Nenagh’s Donnacha Ryan are also in the 34 man squad last_img read more

Remorseful Kano Pillars’ Captain, Ali, Performs Community Service

first_imgRabiu Ali Ali in an interview with expressed regrets for his action on that day which led to his suspension, revealing that it has been troubling his mind since then.“My wish is to turn back the hand of the clock and every wrong scenario will be revised for good, I am sincerely sorry for my deeds as I intend to be a role model next time,” Ali submitted.As part of his sanction by the League Management Company (LMC), Ali was involved in community service during the 3rd edition of Ahlan Pre-season Tournament in Kano, where he visited Government Boys Secondary School Stadium.The midfielder coached the students in football and preached the need for discipline before proceeding to control traffic as Road Marshal for three hours on Airport Road junction in Kano City.On the team’s prospects this season, Ali believes that Pillars made the right additions to the squad to compete for the top in the 2019/2020 NPFL season which gets underway this Sunday.He said that the reputation of the team has made them attractive to some quality players who have joined to be part of the seasonal high performing side.“We are Kano Pillars and that name has a strong reputation in the league considering our mega fan base and where the team is coming from. So we can not slack or leave any stone unturned at this stage,” declared Ali.“I think the Club had done the needful, having offloaded some players who are surplus to requirements and shipped-in some fresh legs that are capable of withstanding the task ahead, overall, we are ready for the new season’”, Ali said with a measure of assuranceAsked if his absence would affect the team’s performances, Ali said there are quite a number of quality players in the team.In preparation for the new campaign, Sai Masu Gida have bolstered their squad with Abdullahi Musa (Defender), Chijoke Alaekwe (Striker), Stone Onukwube (Striker), Joshua Enaholo (Goalkeeper), Kelly Kester (Midfielder), Dosso Saib Junior (Midfielder), Adelani Yusuf (Striker) and Achibi Eweke (Midfielder).The likes of Goalkeeper Danladi Isa, Nzube Anaezemba, Sikiru Kamal and Ikenna Paul Hillary have since left the club during the off season.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram NPFL NEWS  Regrets conduct that landed him 12-match banSuspended Kano Pillars Captain, Rabiu Ali, has expressed regrets for his unruly actions that led to his being banned him from 12 games of the Nigeria Professional Football League (NPFL).The former champions, Pillars will start the new season with a fixture in Kano against Rivers United without Ali, who is serving suspension following his angry confrontation with a referee in a 2018/19 NPFL Championships Playoff against Rangers International in June.His conduct was adjudged to have instigated the Kano Pillars fans to encroach the pitch, which subsequently attracted a 12-match ban for the Pillars’ Skippo.last_img read more

Desailly: Essien needs more time to decide on Ghana return

first_imgGhana- born former France Captain Marcel Desailly wants Ghanaians to desist from putting pressure on Michael Essien to end his self-imposed exile from the Black Stars.The Chelsea ace last played for the Black Stars in June 2011 during a 201 2 Nations Cup qualifier before a knee injury picked during pre-season training with his club sidelined him for six months.Essien made a return to active football before the turn of the year 2011 but asked to be excused from international duty.He was left out Ghana’s squad for the 2012 and 2013 Africa Cup of Nations finals.It was expected that the former Real Madrid player would have announced his imminent return after last Saturday’s charity football match dubbed the Game of Hope organized by the Michael Essien Foundation but that was not to be.“It is his own decision, he got three very big injuries where he could have completely stop football,” said Desailly. “Two of the injuries he had was caused by going into national team and playing on bad field which has created a lot of problem for him.“I think we should leave him in peace and I’m not sure he will be able to answer, yes he wants to come back but his body doesn’t want, he has to stick to one competition.“Unfortunately the choice is not there for him, from the heart yes is Ghana, yes he will be there but from the physical aspect I’m not sure he can handle it.”last_img read more

Lakers turn to hometown hero Lonzo Ball to reclaim hardwood heritage

first_img“When he was a baby,” LaVar bellowed, before going on to say that his other two sons, LiAngelo and LaMelo would follow suit: star at UCLA and get drafted by the Lakers.How would he make that happen?“Ball control!”Hollywood now has, at least, another showman. Fans will like LaVar, he speaks their language. He guaranteed the Lakers would reach the playoffs next season with Lonzo playing point guard.Walton heard the voices of those fans he said he encountered around town, imploring the Lakers to draft Ball, a 19-year-old who did not leave home for college and now won’t have to for the NBA.“He’s a hometown kid,” Walton said. “You would imagine most fans are behind him.”They will be behind him because ever since the Steve Nash-Dwight Howard-Kobe Bryant “super-team” failed, Lakers fans have thirsted for something to get behind. The team that plays beneath 16 championship banners in Staples Center has suffered the four worst seasons in franchise history, cycled through four coaches in five years and hung its hope on draft picks.Believe in the young players, the Lakers said. Then, on Tuesday, they changed course and sent one of those cornerstone players, D’Angelo Russell, to Brooklyn to grease the wheels of a deal that also freed them from the burdensome contract of a veteran center named Timofey Mozgov.There is a bigger plan at play here, as the Lakers stockpile assets and financial flexibility to chase superstars like Paul George, the Indiana forward whose agent has made it clear the Palmdale native wants to come home. In another year, they will pursue the ultimate trophy in NBA free agent big-game hunting, LeBron James.Other teams want LeBron, too. And that’s where the plan gets muddy. Incestuous.That’s because at the beginning of a week that changed basketball in L.A., the patriarch of all that Lakers glory, Jerry West, sat in front of a stanchion draped in blue and red and delivered a crushing shot at those who claim to bleed purple and gold.West had a hand in every championship this city’s preeminent franchise won from the time it arrived from Minneapolis. Hired this week as a Clippers consultant, he leveled his focus on his new team and said, “They’ve had the best team in town for seven straight years.”Those words cut deep and the purple and gold plasma flowed.It cut so deep because it was true. And that says more about the Lakers than it does the Clippers, who despite five consecutive 50-plus win seasons never advanced past the second round of the Western Conference playoffs. Never truly seized control of this city’s wanting basketball imagination.For decades, a generation even, L.A. has been a two-team town in name only.The Clippers have made significant efforts to change that. They have cultivated a subculture of fans who have come to embrace the sacrifice that must eventually beget success.Last week the Clippers announced they had taken the initial steps to explore building their own arena, one that would house no banners until they earn their own. Then came West.The two teams of Los Angeles are waged in a heavyweight prize fight, at least at the managerial level.Magic Johnson vs. Jerry West? Vegas drools; Mayweather/McGregor can’t hold a candle to that.The question is whether that rivalry trickles down to the court, where the Clippers have won 14 of the past 15 games, including a 48-point romp in 2014 that was the most lopsided loss in the Lakers’ storied history.By all tangible, reasonable measures, the Clippers are the best team in town — just like West said. But there is something about the history of the Lakers, the confidence that comes with having risen to every challenge, to never staying down for long.The Lakers and their fans believe they have sacrificed; the Clippers may scoff, but by their standards it’s true. Fans accustomed to championship are tired of losing.Come on, they say, let’s have a Ball. If not for a father who speaks in guarantees and breathes only fire, Ball might be most often described as mild-mannered, soft-spoken and humble instead of as LaVar Ball’s son.To be honest with you, I don’t think I really say anything too crazy,” Lonzo Ball said in a conference call with L.A. media.After the Lakers drafted Ball, the next piece of the Lakers’ evolving puzzle did a quick handshake with his younger brother.While Magic Johnson’s first draft choice began hours-long media obligations, ESPN’s cameras and reporter sped to LaVar in the audience. When Lonzo grabbed a Lakers hat off a stand, his dad pulled out head-wear of his own: a purple and gold cap emblazoned with “BBB” the initial’s of LaVar’s entrepreneurial vehicle, “Big Baller Brand.”When did he have that made? EL SEGUNDO >> Before the Lakers fulfilled the Prophecy of LaVar, drafted a hometown hero and hit reset on a rebuilding effort that has come in fits and starts, Luke Walton understood what fans believed would reclaim the city’s hardwood heritage.Lonzo Ball. Whenever Walton stepped outside his Manhattan Beach home, fans told him who the Lakers needed. Lonzo Ball.“They were going nuts for him before the draft happened,” Walton said Thursday night.With a cross-country phone call originating from the Lakers’ headquarters in El Segundo shortly after 4:30 p.m. Thursday, the Lakers reshaped this city’s struggling franchise, drafting Ball, a sweet-passing point guard from UCLA and Chino Hills.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more