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Six tech firms ready to collect VAT, Finance Ministry says

first_imgSix over-the-top (OTT) technology firms are ready to collect value-added tax (VAT) from consumers as the government ramps up collection efforts to fund the country’s fight against COVID-19, a government official said Thursday.Tax office chief Suryo Utomo said six OTT companies with “significant economic presence” would collect VAT from consumers in August, adding that the government was also in talks with several other firms to collect VAT.Suryo, however, declined to name the companies. Finance Minister Sri Mulyani Indrawati has repeatedly mentioned the government is targeting Netflix, Spotify and Zoom. “We will announce the firms that will collect VAT on digital goods and services in early July,” Suryo told reporters during a streamed news conference. Consumers who buy the platforms’ products or services will have to pay taxes starting Aug. 1, a month after the policy comes into effect on July 1, he added.Suryo said the six internet firms were preparing infrastructure to implement the government regulation, adding that the government would need to reach an agreement first before announcing the companies.The government is pressing ahead with collecting digital tax despite an announcement by the United States Trade Representatives (USTR) to investigate such policy, which the US said was aimed squarely at its technology giants.Read also: Indonesia defends digital tax policy despite US scrutiny However, the government has maintained that the VAT was not the subject of investigation by the US, which is focusing more on corporate income tax plans for technology companies, a topic of discussion led by the Organization for Economic Cooperation and Development (OECD).“We are trying to impose the VAT first as we’re still waiting for the OECD’s consensus on how to impose corporate tax to find a long-term solution,” said Suryo.The government has been struggling to collect more revenue to fund its cash-strapped budget as the COVID-19 pandemic hits almost all business sectors. Ministry data shows state revenue reached Rp 664.3 trillion (US$47.41 billion) as of May, down 9 percent year-on-year (yoy), as tax income dropped 10.8 percent yoy to Rp 444.6 trillion.Law No. 2/2020 stipulates that the government is able to charge VAT on taxable intangible goods and/or services sold through e-commerce platforms. It can also charge income tax or electronic transaction tax on e-commerce operated by foreign individuals or digital companies that have a significant economic presence.Netflix did not immediately respond to an inquiry by The Jakarta Post.Topics :last_img read more

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Fligor Named New Harbor Head; Resigns From Council

first_img“John is leaving huge shoes to fill,” Fligor said. “There was bay water and boats that floated all the way up to the highway during Sandy. And John had things back up and running in nine months. You can’t ever be completely prepared for an event like Sandy. And God forbid anything like that ever happens again. But I’m part of great team in this town. And we’ll push along, because we have to, because the marina is important to our community.” The marina has more than 700 boat slips and Hubeny said it was close to 100 percent capacity in the 2019 season. The marina operates with a more than $6 million budget and generates $1.5 million in revenue from boat slip rentals for the borough’s tax base. At a meeting Sept. 25, the council appointed Kerri Kennedy to fill his unexpired term. Hubeny said the selection process was rigorous. Fligor’s application was one of 20 the borough received after the position was advertised in various local, county and state newspapers, and online on the New Jersey Marine Trades Association website. “I appreciate the council’s support and I just hope I’m everything you think I am. I’ve served on this council for 18 years… This is a great town. Take care of it,” Fligor said to the council. Fligor, who grew up working on boats in the marina and has had four of his own stored there over the years, will lead one of only eight municipally owned and operated marinas in New Jersey. It’s the single largest of that ilk from Maine to Florida, according to Hubeny. Fligor has served as a councilman for the better part of two decades and has volunteered his time with various organizations for the last 23, including the Atlantic Highlands Historical Society and the Harbor Commission. ATLANTIC HIGHLANDS – Louis Fligor’s eyes welled up at a recent borough council meeting when the governing body voted unanimously to name the longtime elected official the municipality’s new harbor manager. But resigning his seat on the council to take the harbor manager position was an emotional moment for Fligor. Atlantic Highlands does not currently have a nepotism policy, but borough administrator Adam Hubeny quickly dismissed the notion. “(Fligor’s) experience might actually be a positive despite the optics,” borough resident Tucker Snedeker told The Two River Times. “The real problem is he got his son-in-law a job at the harbor a few years ago. So how do you get a fair shake as a fellow employee and peer? Who gets the day off or the bonus or the promotion or the better work assignment?” center_img Fligor, 58, officially took the reins of the Marina Sept. 27, and will earn an annual starting salary of $62,500. “Lou’s son-in-law works at the harbor, but there’s insulation there,” Hubeny explained to residents at the Aug. 13 council meeting, noting that all harbor employees report to dockmaster James Osborn. “Mr. Osborne has (worked at the marina) for 42 years. The dockmaster reports to Jim Phillips, who is our DPW director. And if there’s a personnel matter, they will report to me. Normally they would report to the harbor manager, but in this case, if it involves Lou’s son-in-law, they’ll come to me.” The selection committee then interviewed seven candidates and whittled that field down to three potential choices. After a subsequent round of interviews, the committee decided that Fligor checked all of the boxes. Though borough lands are nearly completely built out, Fligor hopes to implement a series of floating boat slips situated in marina waters that will increase capacity and revenue. “It’s something that can be done. It’s part of the vision. But that will take some time,” Fligor said. Though the governing body may have given its vote of confidence, Fligor’s appointment comes with pushback from some residents who wonder if nepotism played a role. According to councilman Steve Borracchia, one of the reasons Fligor was selected for the position is because of his vision to expand the marina’s footprint and make it a more profitable utility. Longtime Atlantic Highlands councilman and community volunteer Louis Fligor has been appointed harbor manager at the marina.Photo by Chris Rotolo Fligor will succeed former harbor manager John Amici who accepted the position in July 2009, not long before the Bayshore was slammed by historic weather events like Hurricane Irene in 2011 and Super Storm Sandy in 2012. “This has to be the least political thing I’ve seen happen in Atlantic Highlands since I’ve been coming to meetings,” said council member Lori Hohenleitner. “Everyone on the harbor commission was fully confident that this was the best person for the job. I’m not necessarily going to be sitting up here for the rest of my life, but if I’ve made one decision that really showed the true character of our town, I’m confident this is one of them.” last_img read more

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Oil Kings, Montrose star Bertolucci claim Memorial Cup

first_imgMontrose native Luke Bertolucci have come a long way since putting on the skates in Rossland/Trail Minor Hockey Association.The former Kootenay Ice star of the BC Major Midget Hockey League helped the Edmonton Oil Kings win the first MasterCard Memorial Cup title with a 6-3 victory over the Guelph Storm Sunday at the Tier I Junior Hockey Championship in London, Ont.This was the first Memorial Cup in the current franchise’s short seven-year history. Bertolucci, in his second season with the Oil Kings, helped guide Edmonton to the Western Hockey League title before shocking the critics at the Memorial Cup.After falling behind 2-1 in the first period, the Oil Kings scored five times in the final two periods to secure the win.A previous version of the Edmonton Oil Kings won Memorial Cups in 1966 and 1963 before relocating to Portland.The WHL ended a three-year run of Quebec Major Junior Hockey League teams winning the Cup. The Oil Kings were also the first WHL team to claim it since the Spokane Chiefs in 2008.WHL teams have won the most Cups since the tournament went to a round-robin format in 1972 with 19. The OHL has won 14 and the QMJHL 10.The Memorial Cup has been given to Canada’s junior hockey champions since 1919 in memory of those who died in the First World War.Sixty teams in the Western, Ontario and Quebec major junior leagues begin play every September. The three league champions join a host team in the annual tournament to determine the Canadian Hockey League champions.The 2015 MasterCard Memorial Cup will be held in Quebec City.last_img read more

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