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Tax-News.com: BRICS Nations Affirm Support For BEPS Project

The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting project.




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Danish Kaneria replies to Inzamam's jibe: If PCB had supported me, I would have broken many big records

Former Pakistan leg-spinner Danish Kaneria might be currently serving a life ban for his involvement in fixing, but he has once again taken the attack to the Pakistan Cricket Board saying that he wasnt supported enough by the PCB.

In a YouTube video, former Pakistan skipper Inzamam-ul-Haq had spoken about how Brian Lara had taken Kaneria to the cleaners even though the Pakistan captain had placed fielders on the boundary and thereby shown his true class.

But taking to Twitter, Kaneria wrote: "I have taken @BrianLara's wicket 5 times in my career. He was a good cricketer. If PCB had supported me, I would have broken many big records."

Describing the episode, Inzamam had said: "Kaneria bowled a googly and Lara hit the ball back towards the bowler, coming out of his crease. Danish said ‘well played Brian', which prompted Lara to say ‘okay sir'. The next three balls were all dispatched over the boundary.

"I was the captain of the side so I went over to Danish and told him to tease Lara a bit more. I felt he was angry so we might make him throw away his wicket. I placed the fielders on the boundary in anticipation of big shots but he still managed to outfox us by hitting Danish to all parts of the ground."

Kaneria had earlier asked Yuvraj Singh and Harbhajan Singh to help the hindus in Pakistan as they fight the coronavirus outbreak.

"I request @YUVSTRONG12 and @harbhajan_singh to make a video for the minorities living in Pakistan as well. They need your help in this moment of #coronacrisis," Kaneria had said in a tweet.

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Indian players aware of online corrupt approaches, quick to report: ACU chief

The threat of online corrupt approaches does not cause much anxiety to BCCI's head of Anti Corruption Unit (ACU) Ajit Singh, who says Indian players are well aware of the modus operandi of fixers and are quick to report anything suspect. The ICC ACU head Alex Marshall, in an interview to 'The Guardian', said that prolonged lockdown and players using various social media platform could lead to corrupt approaches being made and people need to tread carefully. Singh said BCCI ACU is in control. "...we have made our players aware about the way people approach you and modus operandi through social media. We have told them 'look this is how they (potential fixers and bookies) would approach you'," the veteran IPS officer told PTI in an interaction. "(They will) try and behave like a fan and then try to meet you through someone who may be your acquaintance," he added. "Somehow these elements try and touch base with players. Most of them (India players), whenever it happens, they do report to us that I have got a contact."

Most of the top players, with millions of followers, have been very active online with Q and A sessions on twitter, interactive chats on instagram and Facebook live. So is the BCCI's ACU team tracking the online content? "Whatever can be tracked online, we do that. But obviously the physical verification part of going out and checking locations is out of question in times of a lockdown," he spoke about practical problems. "But if something comes to our notice, it automatically goes into our database and once lockdown is over, we will verify those if the need arises." Singh said the easiest aspect of tracking social media content is that it doesn't require too much manpower. "A few men who know their jobs can do it pretty well," the former DGP of Rajasthan said. But Singh said that, in his two year stint, all current India players have been honest and upright, very aware about their responsibilities. "We are not adversaries of players. The players and ACU are one team. It's the people who are trying to corrupt the games, they are the ones we need to track down." He said that both tracking social media and physical verification of corrupt approaches has its own set of challenges.

"Those who were trying to corrupt the players with physical presence and those using fake IDs on social media handles, converge at some point," he said. "Either it's the same person with a fake ID who tries to approach the player or uses someone on his behalf. So there is a pattern of convergence. One has to follow both the lines," he added. Singh said even former players have approached the ACU when they have found something unusual. "There have been things coming from current players and also retired players. There has been information coming from them. Things that they doubted, which look suspicious. "Any information is useful. Even if it's a false alarm, it raises the awareness level of the players as well as the skills of the team investigating it," the retired top cop said. There are some structural plans for the BCCI's ACU which will only materialise once normalcy returns after the COVID-19 pandemic. "Every zone will have a zonal head as it had been said earlier. A few zones don't have zonal heads, so we will fill those posts," he said.

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Felt disappointed after I wasn't picked for 2007-08 Australia tour: Parthiv Patel

Wicket-keeper batsman Parthiv Patel on Tuesday revealed that he got really disappointed when he was not picked in the Indian squad for the 2007-08 Australia tour.

Patel also said that he knew he was fighting for the second wicket-keeper slot, but was disappointed after not being picked in the squad.

The wicket-keeper batsman was doing an Instagram Live session with former pacer RP Singh.

"It is important to be at the right place at the right time. When the team got selected for Australia tour in 2008, I was competing for the second wicket-keeper slot as Dhoni had cemented his place as first choice pick. I was disaapointed when I did not get picked in the squad," Parthiv told RP Singh during the session.

"Dilip Vengsarkar was the chairman of selectors, he called me and said you have been performing well, keep at it and then he told me that I was not selected for the Australia series," he added.

In the 2007-08 series, Australia defeated India 2-1, but the four-match contest was marked with controverseies.

The second Test of the tour at the Sydney Cricket Ground is commonly known as the 'MonkeyGate Test' as it saw a fiery on-field contest between Harbhajan Singh and Andrew Symonds.

In the Instagram Live session, Parthiv also said that all wicket-keepers in the country knew that they cannot be selected as first choice keepers as MS Dhoni had made the place is own.

"We all were competing for the second-wicket keeper slot. At that time, I used to think of giving my best in every match I play, you knew the reality thaat the skipper of the side is wicket-keeper, so you cannot be selected in the squad as first choice," Patel said.

Parthiv has played 25 Tests, 38 ODIs for India. He had made his debut in 2002 against England at Trent Bridge and he created the record for being the youngest wicket-keeper to play the game of cricket.

He was just 17 years and 153 days old at that time and had eclipsed the previous record of being the youngest wicketkeeper, previously held by Pakistan's Hanif Mohammed (17 years and 300 days).

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Umar Akmal gets three-year ban for not reporting corrupt approaches

Temperamental Pakistan batsman Umar Akmal was on Monday banned for three years by the PCB for failing to report corrupt approaches ahead of the country's premier T20 league this year. The Pakistan Cricket Board (PCB) had suspended the 29-year-old in February pending an anti-corruption investigation by its disciplinary panel.

The PCB charged him for two breaches of Article 2.4.4 of its Anti-Corruption Code in two unrelated incidents in February this year ahead of the Pakistan Super League -- a T20 event also featuring international cricketers. Akmal had decided against appealing against the charges last month. "Umar Akmal handed three-year ban from all cricket by Chairman of the Disciplinary Panel Mr Justice (retired) Fazal-e-Miran Chauhan," read a tweet from the official handle of the PCB's media department.

Akmal was suspended hours before his PSL team Quetta Gladiators was to take on Islamabad in the opening match of the 2020 edition. Reacting to the ban imposed on him, former Pakistan captain Ramiz Raja said time has come to criminalise match-fixing. "So Umar Akmal officially makes it to the list of idiots! Banned for 3 years. What a waste of a talent! It's high time that Pakistan moved towards passing a legislative law against match fixing. Behind bars is where such jack asses belong! Otherwise brave for more!!"

Raja tweeted. Akmal is the younger brother of former Pakistan wicketkeeper-batsman Kamran Akmal, who played 53 Tests, 58 T20s, and 157 ODIs for Pakistan, and cousin of current captain Babar Azam. Akmal, who last played for Pakistan in October, has featured in 16 Tests, 121 ODIs and 84 T20s, scoring 1003, 3194 and 1690 runs respectively. Akmal promised a lot after making a hundred in New Zealand on his Test debut, but failed to live up to the high expectations that came with some fine performances early in his career. Constant run-ins with the authorities also marred his stop-start career. Akmal had earlier escaped a PCB ban in February for allegedly making crude remarks to a trainer during a fitness test at the National Cricket Academy in Lahore.

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Gautam Gambhir: Rohit got a lot of support from then skipper MS Dhoni

Former India cricketer Gautam Gambhir believes the credit for Rohit Sharma's meteoric rise in white-ball cricket must be given to former captain Mahendra Singh Dhoni.

Since making his debut in 2007, Rohit was languishing in the middle-order with consistency being his main issue.

Dhoni seemingly took note of Rohit's hidden talent and gave him a long rope. He then promoted Rohit as opener in 2013 and that move worked wonders for him as the right-hander has gone on to become one of the most lethal top-order batsmen in white-ball cricket.

"Where Rohit Sharma is today, it is because of M.S. Dhoni," Gambhir told Sports Tak as per India Today.

"You can talk about the selection committee and team management, but if you do not have the backing from your captain then it is all useless. Everything is in the hands of the captain.

"How Dhoni backed Rohit Sharma over a period of time, I don't think any other player has been given such support," he added.

Earlier, Gambhir had described Rohit as the best white-ball cricketer in the world. In his birthday wish for Rohit, Gambhir wrote: "Happy Birthday to the best white-ball cricketer in the world Rohit Sharma! Have a great year ahead!!"

"Don't know about that Gauti bhai. But loving your work," Rohit responded to the high praise from his former teammate.

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How is Virat Kohli keeping himself busy in lockdown? Being positive and happy

Star Sports, India’s leading broadcaster, through their show Cricket Connected, has used the power of technology to engage with cricket fans and bring them voices of the world’s best former and current cricketers. On this week’s episode, Indian captain Virat Kohli will be interacting with host Jatin Sapru and a few of his young fans who will pepper King Kohli with questions, especially around what has been doing during the government-mandated nation-wide lockdown period.

This is an enjoyable format to engage with cricket fans and legends of the game through easy-going conversations. With the lockdown extended for another two weeks, cricket fans now have an opportunity to catch Captain Kohli as he talks about daily routine at home and how he is keeping himself busy. The skipper also speaks about the importance of staying at home, finding motivation and focusing on fitness and training despite the limited conditions.

Captain Virat Kohli said on Star Sports’ show Cricket Connected, “I am keeping myself positive and happy and just looking forward in life so that whenever I return to the game, I know I will be in a good position to start from where we left.”

While speaking to his fans, Virat Kohli also talks about the things he misses while staying at home like the IPL, the excitement the tournament brings for the players and the fans and the magical moments that are created. Virat even answers a few questions asked by his young fans around his unflappable mindset during batting, Virat emphasizes on how important it is to have a proper mindset especially while playing a sport, sending a strong message to all the young cricket aspirants in the country. On the episode, captain Kohli also catches up team mate Yuzvendra Chahal and reminisces their comradery.

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'Governments should support news media as essential service'

The UNESCO has said news media should be recognised and supported by all governments as an "essential service" to stop the COVID-19 "disinfodemic" that is putting lives at risk. "There seems to be barely an area left untouched by disinformation in relation to the COVID-19 crisis, ranging from the origin of the coronavirus, through to unproven prevention and 'cures', and encompassing responses by governments, companies, celebrities and others," Guy Berger, Director for Policies and Strategies regarding Communication and Information at the UN educational, Scientific and Cultural Organization (UNESCO), said in an interview with the UN News.

According to the UN, unreliable and false information is spreading around the world to such an extent that some commentators are now referring to the new avalanche of misinformation that's accompanied the COVID-19 pandemic as a "disinfodemic". Berger said UNESCO is particularly urging governments "not to impose restrictions on freedom of expression that can harm the essential role of an independent press, but to recognise journalism as a power against disinformation even when it publicises verified information and informed opinion that annoys those in power. "There is a strong case to be made that the media deserves to be recognised and supported by governments as an essential service at this time." He stressed that the need of the hour is to improve the supply of truthful information and ensure that the demand is met.

"We are underlining that governments, in order to counter rumours, should be more transparent, and proactively disclose more data, in line with Right to Information laws and policies. Access to information from official sources is very important for credibility in this crisis. "However, this is not a substitute for information supplied by the news media, so we are also intensifying our efforts to persuade authorities to see free and professional journalism as an ally in the fight against disinformation, especially because the news media works openly in the public sphere, whereas much disinformation is under-the-radar, on social messaging apps," Berger said. The UNESCO official also pointed to a more harmful example of disinformation: encouraging the taking of medication, approved for other purposes, but not yet clinically proven as being effective against COVID-19. He said unfortunately some have capitalised on the pandemic, to spread disinformation for the purposes of advancing their own agendas.

"The motives for spreading disinformation are many, and include political aims, self-promotion, and attracting attention as part of a business model. Those who do so, play on emotions, fears, prejudices and ignorance, and claim to bring meaning and certainty to a reality that is complex, challenging and fast-changing," Berger said. He said in a time of "high fears, uncertainties and unknowns", there is "fertile ground for fabrications to flourish and grow". The big risk is that any single falsehood that gains traction can negate the significance of a body of true facts.

"When disinformation is repeated and amplified, including by influential people, the grave danger is that information which is based on truth, ends up having only marginal impact," he said. Berger noted that some people believe, wrongly, that young people or those of African descent are immune (some disinformation has a racist, or xenophobic, tone), and that those in warm climates or countries where summer is on its way, do not need to worry too much. The likely consequence, he said, is complacency, which could fuel more premature deaths. However, not everyone responsible for spreading untruths is doing so maliciously and well-intentioned people are also uncritically circulating dubious content, the UNESCO official said.

"These different motives require different responses, but we should not lose sight of the fact that, irrespective of intention, the effect of sharing falsehoods is to disinform and disempower the public, with deadly potential," he said. UNESCO has underscored that the rights to freedom of expression and access to information are the best remedies to the dangers of disinformation. These rights "enable governments and the public to take evidence-based decisions about reality, and to put in place responses that are founded on both science and human rights values, and which can get us through the pandemic in the best way", Berger said.

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UK court dismisses Vijay Mallya's appeal against extradition to India

A UK court on Monday dismissed fugitive liquor baron Vijay Mallya's appeal against extradition to India.

"We consider that while the scope of the prima facie case found by the Senior District Judge (SDJ) is in some respects wider than that alleged by the respondent in India. There is a prima facie case which, in seven important respects, coincides with the allegations in India," a part of the order by the UK court read.

A CBI spokesperson confirmed to ANI that the "UK high court dismissed Mallya's appeal against his extradition to India." The 64-year-old businessman had begun the lengthy appeals process in the UK court in February this year against an order to extradite him to India to face multiple charges relating to the collapse of Kingfisher Airlines.

It followed a ruling by a lower court -- the Westminster Magistrate's Court -- in December 2018 - that Mallya should be sent to India to face the charges, including one of money laundering to the tune of Rs 9,000 crore. The businessman fled India in March 2016 and has been living in the UK since then.

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Youtuber accidentally hits man's car. What happens next is heartwarming!

An exchange of texts between the YouTuber and a man whose car he hit has gone viral. YouTuber Casey Neistat had tweeted about leaving a note apologising to a man whose car he accidentally hit with his 17-year-old pick-up truck and what happened next was absolutely heart-warming.

Neistat, who stays in Los Angeles, wrote on Twitter, "I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me..."

The note Neistat left for the man read, "Hello, I scratched the hood of your car while parking mine. Please call/text so I can pay for the repairs. My sincere apologies for the trouble." The man texted him  on his contact number provided on the note and gave him a surprising reply. He asked Neistat to donate the money he had put aside for the repairs to the local food bank instead.

The reply read, "Hey, Thank you so much for the note. Please don’t worry about the scratch. Any money you have put towards my car feel free to donate to a local venice food bank. Have a great week!"

Neistat then donated 250 USD to the Los Angeles Regional Food Bank in the name of ‘Mr Scratched Car’. The heart-warming exchange between the YouTuber and the stranger garnered over 243,500 likes and was retweeted more than 20,900 times.

The users commenting on the post narrated similar incidents and praised the interaction between them. Some also praised the man’s reply to the Neistat’s note.

What do you think about the post?

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China approves third COVID-19 vaccine for clinical trials

China has approved its third coronavirus vaccine for the second phase of clinical trials as it reported 12 new COVID-19 cases, taking the total number of infections in the country to 82,816. China has approved three coronavirus vaccines, including the one developed by Chinese military, the People's Liberation Army (PLA) for clinical trials. An "inactivated" vaccine developed by Wuhan Institute of Biological Products under the China National Pharmaceutical Group (Sinopharm) and the Wuhan Institute of Virology (WIV) started its clinical trials, state-run Xinhua news agency reported.

An "inactivated" vaccine consists of virus particles, bacteria, or other pathogens that have been grown in culture and then lose disease producing capacity. In contrast, live vaccines use pathogens that are still alive. WIV has been in the eye of the storm in recent weeks as US President Donald Trump and top American officials alleged that the coronavirus may have escaped from there and demanded a probe into it. An official of the WIV denied it, terming the allegation "entirely based on speculation".

A total of 96 persons in three age groups have received the vaccine in the first phase of clinical trial as of April 23. The vaccine has shown good safety results so far and vaccine receivers are still under observation, said the Chinese pharmaceutical company Sinopharm. The randomised, double-blind and placebo-controlled clinical trials of the inactivated vaccine are conducted in Jiaozuo, central China's Henan Province, and the second phase of clinical trial will focus on the vaccination procedure, it said.

The vaccine will also go through the third phase of the clinical trial, and it may take about one year to complete the clinical trial before finally reaching the conclusion on the vaccine's safety and efficacy, it said. China has approved three COVID-19 vaccine candidates for clinical trials. An adenovirus vector vaccine, developed by Institute of Military Medicine under the Academy of Military Sciences, was the first to be approved to enter a clinical trial. The first phase of the clinical trial was completed at the end of March, and the second phase started on April 12.

Meanwhile China's National Health Commission, (NHC) said on Saturday that 12 newly confirmed COVID-19 cases were reported in the country on Friday, of which 11 were imported. The other one was domestically transmitted in Heilongjiang Province bordering Russia. The death toll in the country remained at 4,632 people as no fatalities were reported due to coronavirus on Friday, it said.

The overall confirmed cases on the mainland had reached 82,816 by Friday, including 838 patients who were still being treated and 77,346 people discharged after treatment. The total number of imported cases of the coronavirus in China increased to 1,629 on Friday, of this 909 had been discharged from hospitals after recovery, and 720 were being treated with 25 in severe conditions, it said. Also on Friday, 29 asymptomatic cases were reported. So far, 983 suspected asymptomatic cases, including 150 from abroad, were still under medical observation, it said.

Coronavirus' first epicentres Hubei and its capital Wuhan had 553 asymptomatic cases under medical observation, state-run Xinhua news agency reported. The asymptomatic cases were a cause of concern as the government has lifted over two-month lockdown in Hubei and Wuhan after cases abated.

Asymptomatic cases refer to people who are tested positive for the coronavirus but develop no symptoms such as fever, cough or sore throat. They are infectious and pose a risk of spreading to others.

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Coronavirus outbreak: China approves third COVID-19 vaccine

China has approved its third Coronavirus vaccine for the second phase of clinical trials as it reported 12 new COVID-19 cases, taking the total number of infections in the country to 82,816. The approved vaccine also includes one developed by Chinese military, the People's Liberation Army (PLA) for clinical trials. An "inactivated" vaccine developed by Wuhan Institute of Biological Products under the China National Pharmaceutical Group (Sinopharm) and the Wuhan Institute of Virology (WIV) started its clinical trials, state-run Xinhua news agency reported.

The inactivated vaccine consists of virus particles, bacteria, or other pathogens that have been grown in culture and then lose disease producing capacity. In contrast, live vaccines use pathogens that are still alive. WIV has been in the eye of the storm in recent weeks as US President Donald Trump and top American officials alleged that the Coronavirus may have escaped from there and demanded a probe into it. An official of the WIV denied it, terming the allegation "entirely based on speculation".

A total of 96 persons in three age groups have received the vaccine in the first phase of clinical trial as of April 23. The vaccine has shown good safety results so far and vaccine receivers are still under observation, said the Chinese pharmaceutical company Sinopharm.

72 therapeutics trial underway, 211 in planning stages in the US

A top Trump administration health official has said that as many as 19 therapeutics trial are underway and 211 in planning stages in a bid to find the cure for Coronavirus. "We are leaving no stone unturned to find the antidote for Coronavirus... We don't have any approved therapeutics for the virus but we are actively involved with the academic, commercial and private sector to find it," FDA commissioner Stephen M Hahn told reporters at a White House news conference.

"Seventy-two trials of therapeutics are underway in the United States under FDA oversight and 211 are in the planning stages, so we expect to see more. This includes convalescent plasma as well as antiviral therapies," Hahn added. According to Hahn, work is continuing on finding a vaccine. FDA has authorised two firms on vaccine trials. Hahn said that the FDA has told manufacturers that in order to market anti-body tests in the US, they have to validate their tests.

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US FDA approves emergency use of Remdesivir for COVID-19 patients

The US food and drug regulatory body has allowed the emergency use of an investigational anti-viral vaccine to treat COVID-19 patients after some researches, including one led by an Indian-American physician, found that the drug helped recover some of the infected cases faster.

The Food and Drug Administration (FDA) gave emergency use authorisation (EUA) for the use of investigational anti-viral Remdesivir for the treatment of COVID-19 patients. "I'm pleased to announce that Gilead now has an EUA from the FDA for Remdesivir," US President Donald Trump told reporters at the White House on Friday.

Remdesivir is given to patients through a vein one time each day for up to 10 days depending on recommendations of healthcare providers. The US National Institute of Allergy and Infectious Diseases (NIAID) announced the results of a trial involving more than 1,000 people on Wednesday.

It found that hospitalised COVID-19 patients with respiratory distress got better quicker than those on a placebo. Specifically, patients on the drug had a 31 percent faster time to recovery. "Although the results were clearly positive from a statistically significant standpoint, they were modest," Anthony Fauci, the scientist who leads the NIAID, said. While not considered a miracle cure, Remdesivir's trial achieved a "proof of concept," according to Fauci that could pave the way for better treatments.

Possible side effects of Remdesivir include infusion-related reactions and increases in levels of liver enzymes. "These are not all the possible side effects of Remdesivir. It is still being studied so it is possible that all of the risks are not known at this time," said the FDA.

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European virus tracing apps put spotlight on privacy

The race by governments to develop mobile tracing apps to help contain infections after coronavirus lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, which has been one of the hardest-hit regions in the world, with nearly 140,000 people killed by COVID-19. The use monitoring technology, however, may evoke bitter memories of massive surveillance by totalitarian authorities in much of the continent. The European Union has in recent years led the way globally to protect people's digital privacy, introducing strict laws for tech companies and web sites that collect personal information. Academics and civil liberties activists are now pushing for greater personal data protection in the new apps as well.

European authorities, under pressure to ease lockdown restrictions in place for months in some countries, want to make sure infections don't rise once confinements end. One method is to trace who infected people come into contact with and inform them of potential exposure so they can self-isolate. Traditional methods involving in-person interviews of patients are time consuming and labor intensive, so countries want an automated solution in the form of smartphone contact tracing apps. But there are fears that new tech tracking tools are a gateway to expanded surveillance. Intrusive digital tools employed by Asian governments that successfully contained their virus outbreaks won't withstand scrutiny in Europe.

Residents of the EU cherish their privacy rights so compulsory apps, like South Korea's, which alerts authorities if users leave their home, or location tracking wristbands, like those used by Hong Kong, just won't fly. The contact-tracing solution gaining the most attention involves using low energy Bluetooth signals on mobile phones to anonymously track users who come into extended contact with each other. Officials in western democracies say the apps must be voluntary. The battle in Europe has centered on competing systems for Bluetooth apps. One German-led project, Pan-European Privacy-Preserving Proximity Tracing, or PEPP-PT, which received early backing from 130 researchers, involves data uploaded to a central server.

However, some academics grew concerned about the project's risks and threw their support behind a competing Swiss-led project, Decentralized Privacy-Preserving Proximity Tracing, or DP3T. Privacy advocates support a decentralised system because anonymous data is kept only on devices. Some governments are backing the centralized model because it could provide more data to aid decisionmaking, but nearly 600 scientists from more than two dozen countries have signed an open letter warning this could, 'via mission creep, result in systems which would allow unprecedented surveillance of society at large.'

Apple and Google waded into the fray by backing the decentralized approach as they unveiled a joint effort to develop virus-fighting digital tools. The tech giants are releasing a software interface so public health agencies can integrate their apps with iPhone and Android operating systems, and plan to release their own apps later. The EU's executive Commission warned that a fragmented approach to tracing apps hurt the fight against the virus and called for coordination as it unveiled a digital 'toolbox' for member countries to build their apps with.

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China hid virus' severity to hoard supplies: US inte

US officials believe China covered up the extent of the COVID-19 outbreak — and how contagious the disease is — to stock up on medical supplies needed to respond to it, intelligence documents show. Chinese leaders "intentionally concealed the severity" of the pandemic from the world in early January, according to a four-page Department of Homeland Security (DHS) intelligence report dated May 1 and obtained by the AP.

Marked "for official use only," the DHS analysis states that, while downplaying the severity of the virus, China increased imports and decreased exports of medical supplies. It attempted to cover up doing so by "denying there were export restrictions and obfuscating and delaying provision of its trade data," the analysis states.

Hid details from WHO
The report also says China held off informing the World Health Organisation that the COVID-19 "was a contagion" for much of January so it could order medical supplies from abroad " and that its imports of face masks and surgical gowns and gloves increased sharply.

Those conclusions are based on the 95 per cent probability that China's changes in imports and export behaviour were not within normal range, according to the report. China publicly identified the pathogen as a novel Coronavirus on January 8.

Trump 'thinks' we'll have vaccine by year end

President Donald Trump says he believes a vaccine for COVID-19 will be available by the end of the year. Trump commented Sunday night during a televised town hall. "I think we'll have a vaccine by the end of the year. We'll have a vaccine much sooner rather than later," he said. Trump also increased his projection for the total US death toll to 1,00,000 — up by as much as 40,000 from what he had suggested just a few weeks ago. So far, over 67,000 have died in US.

'Remdesivir to be out by next week'

Antiviral drug Remdesivir, approved by the USFDA for emergency use to treat COVID-19 patients, is expected to be available by early next week, the CEO of Gilead Sciences, the pharmaceutical firm manufacturing the medicine has said.

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Vijay Mallya appeals to UK Supreme Court as last ditch effort to prevent extradition to India

As a last ditch effort to prevent his extradition to India, embattled liquor baron Vijay Mallya on Monday filed an application in UK Supreme Court to prevent implementation of an earlier order that made his return to India imminent.

The application came after a gap of almost two weeks after the London High Court on April 20 rejected a similar application and ordered his extradition to India to face enforcement authorities there in connection with a Rs 9,000 crore bank fraud and money laundering case involving his now defunct Kingfisher Airlines.

The UK Supreme Court is expected to hear the matter later this week. Legal experts said that if the application is rejected by Supreme Court as well, then UK Home Secretary would have to sign on Mallya's extradition papers within 28 days.

Mallya's application in Supreme Court came on the last day when such an appeal could be made in the top court. The 64-year-old businessman was given 14 days to file such an application against the order of High Court. The high court dismissed his appeal against a Westminster Magistrates' Court extradition order certified by the UK Home Secretary.

Legal experts quoted above said it is unlikely for Mallya to get a reprieve from Supreme Court as it would only look as constitutional issues and may not tamper with high court's order if other aspects are in order.

This should be music to the ears of enforcement agencies in India who have been waiting for a long time get hold of the fugitive businessman. The ED has attached several properties of Mallya in the last few years under sections of the Prevention of Money Laundering Act.

Mallya is being investigated by the CBI and the Enforcement Directorate in connection with the loan fraud case.

He was arrested by the UK authorities on April 20, 2017 on the request of the Indian investigative agencies.

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European Innovation Council - European Commission EUvsVirus Hackathon identifies 117 solutions to support European and global recovery from the coronavirus outbreak

[Source: Research & Innovation] A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the European Innovation Council-led #EUvsVirus Hackathon.




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Tax-News.com: Indian GST Council Approves Changes To Filing Rules, Rates

India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019.




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Tax-News.com: EU Approves Irish Air Tax Exemption

The European Commission has concluded that an exemption for transfer and transit passengers from the Irish air travel tax was in line with EU state aid rules.




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Tax-News.com: EU Approves Linking With Swiss Emissions Trading Scheme

The European Council on November 10 authorized the signing of an agreement with Switzerland to link their emissions trading systems.




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Tax-News.com: Swiss Gov't Approves BEPS Multilateral Instrument

The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system.




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Coronavirus: WHO plans to launch app to check COVID symptoms, contact tracing

Engineers have done preliminary work and talked to smartphone operating system makers Apple Inc and Google about possibly adopting technology the companies plan to release jointly this month to make tracing easier




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Tax-News.com: Germany Approves VAT Cut For E-Books

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Tax-News.com: German Government Approves Climate Plan

On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport.




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Tax-News.com: Container Shipping Lines Offer Pricing Policy Shake-up

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Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling

The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question.




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Tax-News.com: EFTA Signs FTA With The Philippines

Representatives of the European Free Trade Association - Iceland, Liechtenstein, Norway, and Switzerland - and the Philippines signed a free trade agreement in the Swiss capital of Bern on April 28.




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Tax-News.com: Norway's Tax Refunds For Ship Owners Approved

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Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships

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Tax-News.com: Greek Shipping Firms Unhappy With Tax Regime

Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY.




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Tax-News.com: Philippines May Soon Ratify FTA With European States

Having endorsed the deal, the President of the Philippines, Rodrigo Duterte, has forwarded on a bill to ratify the free trade agreement with the European Free Trade Association states to the Senate.




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$1.5 billion impact! Coronavirus lockdown, supply disruptions badly hit pharma exports

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Tax-News.com: TPP11 Explore Plan B Agreement In Japan

Following agreement reached by the remaining signatories to the Trans-Pacific Partnership earlier this year to push ahead following US President Donald Trump's withdrawal of the United States from the pact, Japan has taken the lead with regard to formulating a plan B for the agreement.




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Tax-News.com: New Zealand Tweaking GST Rule Changes For Offshore Suppliers

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.




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Tax-News.com: Overseas Suppliers To NZ Urged To Register For GST

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Android Application Developed to Monitor Stress

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Mobile Medical Apps with High Rating Not Always Accurate: Health Warning

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Philippines: First Asian Country to Approve Sale of Dengue Vaccine

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CRISPR/Cas9 Tool may Help Suppress Malarial Parasites in Mosquitoes

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FDA Approved First Dengue Vaccine With Some Restrictions

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World Health Day: Support Nurses and Midwives

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Mapping Health Risks for People With Mental Disorders: Study

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Berries, Apples and Tea can Help Fight Alzheimer's Disease

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Tax-News.com: Ontario Withdraws Support For Canadian Carbon Taxes

Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3.




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Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.




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Tax-News.com: EU Approves New Tonnage Tax Schemes

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus.




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Tax-News.com: First Deadline For Chinese Environmental Tax Approaching

The first returns under China's new environmental tax are due online by April 1, 2018.