Page 4 - Financial Task Force News Today

Share Banks can help stop wildlife trade Thu, 4 February 2021 Despite being the fourth most lucrative trade globally, illegal wildlife trade (IWT) is often overshadowed by more prominent criminal ventures, such as drug trafficking and arms dealing. It is estimated that $26 billion is made yearly at the cost of our natural environment, fuelling corruption, and damaging the reputation and economies of the affected countries. Financial Action Task Force (FATF), the global money laundering watchd...

Obiter dictum: Just a reminder! Edward Kazanjian I often cite the Selectmen or School Committee for our fiscal woes…but they cannot spend monies unless Town Meeting approves the budgets submitted. While it is up to the Warrant Committee to present the budget after their thorough review and public hearings, it is ultimately the 288 Town Meeting members that must approve the monies to be spent each year. These 288 individuals have the power to say “No” or to “reduce the budgets by XXX dol...

Wicked Local Many residents and business owners who feel financially strained due to the COVID-19 pandemic, are unhappy about the Select Boards recent decision on Jan. 22 to put a $6.4 million override question on the ballot in the upcoming town election. For a home assessed at $1.25 million, this would increase the property taxes by $896. Why not delay putting override on ballot? Dawn McKerron is one of the co-founders of Citizens for a Fiscally Responsible Belmont, a group whose mission is ...

Business December 15, 2020 KARACHI: The government has granted a comprehensive duty and tax incentives for a period of 10 years to investors operating in the proposed special technology zones (STZs), sources in the Federal Board of Revenue (FBR) said on Monday. The incentives also include immunity from explaining the source of funds to be invested. Besides, exemptions are also available from declaring income and assets for 10 years. The sources said the incentives have been granted through a p...