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EC agrees to ‘expert’ tax breaks

first_imgEC agrees to ‘expert’ tax breaksOn 23 May 2000 in Personnel Today Previous Article Next Article The European Commission has ruled that two Scandinavian schemes lowering taxes associated with recruiting experts from abroad do not constitute illegal state aid.Brussels said because employers in all sectors benefited from the systems – operating in Sweden and Denmark – they do not favour any particular industry or company, and so follow EU state aid rules.Benefits favour foreign experts with specialist qualifications.In Sweden, benefits of a 25 per cent reduction of income tax and in employers’ social contributions last up to five years. In Denmark, a special 25% flat rate income tax is offered for between six months and three years. Related posts:No related photos. Comments are closed. last_img read more

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Barry Sternlicht inks contract to sell $40M West Village condo

first_imgShare via Shortlink Full Name* Message* Email Address* Sternlicht’s condo was the most expensive deal inked last week out of 17 luxury contracts that made Olshan’s report, which tallies Manhattan deals for homes last asking $4 million or more. A representative for Sternlicht did not respond to a request for comment.Though last week represented a decline in luxury contract activity compared to the prior week’s 23 deals, the borough’s quarterly sales volume for homes of all sizes passed the year-ago level.With two weeks left in December, sales volume of residential contracts above $4 million signed in the quarter was $1.87 billion, compared with $1.78 billion recorded for the entire fourth quarter of 2019.“There was light at the end of the tunnel with the fourth quarter results,” said Donna Olshan, the report’s author, in an interview.But pointing to the city’s Covid infection rates, which has risen fivefold from its summer low, and the looming specter of a pied-à-terre tax, Olshan said it’s impossible to know whether the uptick will continue.“We’re going into a very dark phase of the winter now and we just don’t know what’s going to happen,” she said. “I’m not going to come out and say we are going to hit the salad days anytime soon.”The second priciest luxury contract signed last week in Manhattan was for a townhouse at 132 East 70th Street on the Upper East Side. The five-story home has an elevator and the bottom two floors are zoned for commercial use. It went into contract asking $9.7 million after years on the market. The asking price was as much as $20 million in 2017.Across the 17 luxury contracts signed last week, the average discount from the original to the final asking price was 12 percent. The average time on market was 297 days and median asking price was just under $5 million.Correction: A previous version of this article stated that the fourth quarter sales volume included all contracts signed in Manhattan. In fact, the figure only includes luxury contracts signed above $4 million. Contact Erin Hudsoncenter_img Barry Sternlicht and 150 Charles Street (Photos via Getty; Compass)As Manhattan’s luxury market rallies, billionaire Barry Sternlicht has agreed to sell his West Village pad.The founder and CEO of Starwood Capital Group was asking $40 million for his five-bedroom condo at 150 Charles Street when it went into contract last week, according to Olshan Realty’s weekly report. The executive bought the roughly 5,700-square-foot unit overlooking the Hudson River for $34.4 million in 2016 through limited liability company, BSS CHARLES STR, Olshan reported. The buyer is unknown.Read moreManhattan luxury market has another strong weekDeep discounts for “bottom fishers”: How 3 deals show the state of Manhattan’s buyer’s marketSteve Nash bags Brooklyn townhouse for $5M Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tagscondo marketdonna olshanNYC Luxury MarketResidential Real Estatelast_img read more

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Shocking impact of fees ban on letting agencies revealed in new report

first_imgDire warnings that many lettings agencies would struggle to make up the revenue lost following the tenant fees ban have turned out to be true, a shocking report has revealed.This includes how nearly a third of agencies say they have lost between 10% and 20% of their revenue as a result of the fees ban, and that a further third have lost up to 10%.Also, 17% of respondents in the survey by lettings platform Goodlord said they had lost between 21% and 30% of their turnover and 10% had lost more than 30%.This leaves just 15% who have found new sources of revenue following the ban.These figures largely echo research by Goodlord following the ban when agents were asked to calculate how the ban would pan out for their business.Although industry discussions about the ban have died down recently, many agents say they are more worried about the challenges of complying with the fees ban they are with the arguably more complicated anti money laundering prevention rules.“It’s clear that the Tenant Fees Act has had a significant impact on the industry,” says Tom Mundy, COO at Goodlord (left).“The majority of agents have seen revenues hit and a large slice of the market continues to worry about compliance.  These figures show just how pivotal this legislation has been, with few emerging unaffected by the changes.“With further pieces of key regulation due in 2020 and beyond, it’s essential that agents stay nimble and prepare their business models for more change to ensure they continue to prosper this decade.”Read more about the tenant fees ban.goodlord ban on tenant fees tenant fees ban Tom Mundy February 6, 2020Nigel Lewis2 commentsAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 6th February 2020 at 1:20 pmJulian your comments echo those of many of my clients, the tenant, just like the first time buyer the most vulnerable components are those most squeezed.I despair of ill-advised government intervention, when will they consult fully with the rank and file of the industry before they make big changes?The private landlord is under threat, which means somewhere for tenants to live is too. More and more the direction of travel is institutional players being landlords, this seems to be the government logic.The outcome seems to be, more and more lettings companies selling up, and maybe these larger concerns who are doing the buying will be able to cope with the increasing levels of red tape that regularly cascade into the sector.Log in to ReplyJulian Blackmore, BNE BNE 6th February 2020 at 9:15 amAll we did is put more onus on the tenants to look after themselves. They can change their own utilities now, no pets, no shares only the best tenants will get a house as the landlord is paying the reference fees and doesn’t want to pay twice. This has backfired on tenants in service levels, increased rents and lowered supply. The worse it gets the better as the more idiotic it make the government look for pandering to the populist and picking on the property business again to solve their self created mess.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Shocking impact of fees ban on letting agencies revealed in new report previous nextRegulation & LawShocking impact of fees ban on letting agencies revealed in new reportThe extent to which the fees ban has made trading conditions tougher for lettings agencies is revealed, including how 10% have lost a THIRD of their income.Nigel Lewis6th February 20202 Comments2,402 Viewslast_img read more

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IS IT TRUE DECEMBER 24, 2018

first_imgFacebookTwitterCopy LinkEmailShare,Todays“Readers Poll” question is: Who was the most effective Vanderburgh County Department head in 2018?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports.If you would like to advertise on the CCO please contact us at City-County [email protected]: City-County Observer Comment Policy. Be kind to people. No personal attacks or harassment will not be tolerated and shall be removed from our site.We understand that sometimes people don’t always agree and discussions may become a little heated.  The use of offensive language, insults against commenters will not be tolerated and will be removed from our site. Please take time and read our articles entitled “STATEHOUSE Files, CHANNEL 44 NEWS, LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS”.  You now are able to subscribe to get the CCO daily.If you would like to advertise on the CCO please contact us [email protected] comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers. We hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way? IS IT TRUE we are told that the EPD Criminal investigation and the Forensic Audit of ECHO Housing have long been completed? …we are told that the findings of the EPD Criminal investigation and the Forensic Audit have been in the possession of the Feds for several months?IS IT TRUE many people are still wondering why the North Main Street “Jacobsville Join-In” Association closed abruptly early this year without giving any explanation to neighbors of that area and /or City Council members?  …the North Main Street “Jacobsville Join-In” Association was operated by Echo Housing and was funded by the Evansville DMD? …we are told by several people working at the Civic Center that they suspect that the reason for the abrupt closing of “Jacobsville Join-In” office is that they could be part of the Forensic Audit of ECHO Housing?IS IT TRUE that over the last 6 months City Officials have met with several potential out of town investors to discuss bringing a quality grocery store/retail development to the North Main area of Evansville?  …we give them five (5) cheers for trying to encourage developers to consider building a store/retail development in the North Main Street area?IS IT TRUE we been told that the First Ward City Council candidate Tim O’Brien works at F. C. Tucker/Emge Reality?  …that Zachary Heronemus the 3rd Ward candidate for City Council works at F. C. Tucker/Emge Reality? …that City Council members Johnathan Weaver and Missy Mosby also work at F. C. Tucker/Emge Reality?IS IT TRUE we are told that newly elected Vanderburgh County Commissioner Jeff Hatfield is having a lot of one on one meetings with County Department heads in order that he can get a feel of wants going on within the county?  …we are told that the people he has met with so far are extremely impressed with him?IS IT TRUE that The Kentucky Horse Racing Commission voted on Nov. 16 to award a license for a new Standardbred  (Harness) track between Ellis Park and Kentucky Downs? …that this lucrative opportunity to offer historical racing in the Oak Grove/ Hopkinsville market was awarded to the WKY Development group (Churchill Downs Inc. and minority partner Keeneland)?  … that CDI and Keeneland plan to build a $150 million five-eighths of a mile harness track that features entertainment, several upscale restaurants,  an equestrian center, and an upscale hotel? …when completed the Oak Grove/Hopkinsville Harness track is also expected to have around 1,500 Historical Horse Racing machines and simulcast horse racing? …construction is scheduled to start early in 2019?IS IT TRUE that the legislation for “Sportsbook Gaming” in Indiana is quietly sailing through the appropriate State Senate and House of Representative sub-committees?  …we are told that the chances for this legislation passing in 2019 are quite good?IS IT TRUE the most important ingredient that has been missing from the discussion on how to stretch the city budget is that the City Administration and the City Council needs to adherence to the principle that requires transparency and a willingness to be innovative in order to promote local government efficiencies?IS IT TRUE it’s obvious that the Evansville City Council misses the political and business skills of former City Council members John Friend CPA and Curt John?IS IT TRUE over the years we have made numerous reference that the Evansville Water and Sewer Utilities Board was not only known for their political patronage activities but was also used as a funding source to help the City of Evansville in their occasional financial cash flow problems?  … it’s safe to say that over the last several years the Evansville Water and Sewer Utilities Board has been acting as a bank for the City of Evansville by advancing them many millions of dollars in cash to help the city with cash shortfalls?IS IT TRUE we have an outstanding group of law enforcement professionals that are doing everything they can to protect us?  …It’s almost impossible for members of law enforcement to stop anyone from killing someone?  …It’s obvious that its time for our elected officials to look for additional creative ways to help of our law enforcement agencies so they can do a better job fighting violent crime?IS IT TRUE  a loyal reader sent us an article published in the AARP Public Policy Institute Fact Sheet posted last year? …we feel this article could be of interest to our readers so we decided to publish it? …this article states that the Medicare program protects consumers by limiting how much physicians and other health professionals can charge Medicare patients? …the fact sheet describes Medicare’s “balance billing” rules for physician services and related rules for physicians who choose not to accept Medicare payment and instead have “private contracts” with all their patients who have Medicare?  …attached is the link of the summary Fact Sheet in this article?  … Read the Fact Sheet (PDF)?  …attached a link explaining Medicare’s current rules limited “balance billing” and private contracts provide important financial protection for consumers. Without these protections, Medicare beneficiaries would likely face higher out-of-pocket costs.Todays“Readers Poll” question is: Who was the most effective Vanderburgh County Department head in 2018?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports.If you would like to advertise on the CCO please contact us at City-County [email protected]: City-County Observer Comment Policy. Be kind to people. No personal attacks or harassment will not be tolerated and shall be removed from our site.We understand that sometimes people don’t always agree and discussions may become a little heated.  The use of offensive language, insults against commenters will not be tolerated and will be removed from our site.last_img read more

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Ocean City Shows it Can Really Dish it Out at Chowder Fest

first_imgThe Chili Chowder Festival featured mouthwatering recipes made by local restaurants and members of the Ocean City Fire Department. By Donald WittkowskiIt wasn’t just the salt air that Terri Derozario smelled Sunday while standing on the outdoor balcony of the Music Pier just steps from the ocean.Derozario smiled as the aroma emanating from pots of clam chowder and chili blended together in one mouthwatering bouquet that tempted her taste buds.“It makes me hungry,” she exclaimed. “It was a good idea not to eat before I came here. I’m saving myself for all of the chowder.”Derozario, of Upper Township, was among hundreds of people who brought their appetites with them for the Ocean City Restaurant Association’s second annual Chili Chowder Festival at the Music Pier.Terri Derozario, of Upper Township, savors some shrimp and corn chowder while looking out on the ocean from the Music Pier.Judging by the enthusiastic nods of approval from the festival-goers as they tasted each sample, Ocean City may be ready to join New England and Manhattan as places that have the words “clam chowder” attached to their names.“We have some really high-quality products here. We also have a lot of great chefs in the city,” said Bill McGinnity, president of the Ocean City Restaurant Association and owner of Cousin’s Restaurant on Asbury Avenue.A $15 admission fee for adults and $5 for children allowed festival-goers to sample all of the different chowders and chilis cooked up by a dozen local restaurants as well as members of the Ocean City Fire Department.While some people may settle for supermarket-bought chowder or chili straight out of a can, Derozario explained that she prefers something much tastier.Sometimes, she’ll make her own crab chowder, adding artichoke hearts and mushrooms to the crab meat and finishing it with sherry.“It’s all about the flavor,” she said.Derozario wandered through the Chili Chowder Festival, not quite sure what she would try first. She settled on a shrimp and corn chowder.“I love it,” she declared. “It’s nice and creamy. It has a lot of vegetables in it.”Throughout the afternoon, festival-goers sauntered along the Music Pier’s loggia, savoring the zesty chowders and chilis. With them, they carried their plastic spoons and small cups containing the samples.Bill McGinnity, president of the Ocean City Restaurant Association, shares some chowder with his 12-year-old son, Billy.Proceeds from the Chili Chowder Festival went to the Ocean City Firefighters Foundation, a group that supports an array of charities, community events and athletic and academic programs at local schools. Last year, the festival benefited the Humane Society of Ocean City, raising about $3,000 for the no-kill animal shelter, McGinnity said.One of the highlights Sunday featured would-be chefs from Ocean City’s three firehouses creating their best chili concoctions in a head-to-head competition for bragging rights within the fire department.Fire Capt. Pat Flynn started out making a vegetarian chili, but decided to add some beef to it after someone reminded him that “unless there’s meat in it, it’s just soup,” he said.So, Flynn ended up with sweet potato and beef chili. He was happy to see that his chili was drawing some votes in the fire department’s contest.“I’m getting there,” Flynn said while shaking a plastic bucket containing ticket stubs that doubled as votes.The next table over, firefighter Chris Meyer, with help from his wife, Ruthann, was dishing up a pepper chili that had a secret ingredient.“I don’t normally reveal my secrets, but caffeine may be involved in the whole process,” Meyer said with a mischievous smile.When pressed for details, he disclosed that his chili may have been flavored with espresso, hence the caffeine. He also added squash, along with the peppers“It’s an evolving recipe,” Meyer joked.Ocean City firefighter Chris Meyer, right, receives some help from his wife, Ruthann, while serving chili to a festival-goer.last_img read more

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Ocean City Community Brings Good Luck to High School Seniors

first_imgOcean City High School senior Peyton Matura, 17, of Upper Township, left, displays some goodies in her gift bag from math teacher Caitlin Jagielski. By MADDY VITALEOcean City High School seniors got a nice surprise at the end of the school day Tuesday.Rows of Senior Celebration bags lined tables and each senior got to take one home.And Wednesday will be a repeat of gift-giving by volunteers in the community for the other half of the senior class.Each baggie contained “Raider Nation March Madness” goodies donated or created by local, dedicated volunteers and businesses.“It is nice. It is something special for us,” explained Peyton Matura, 17, a senior from Upper Township, as she peeked into her bag.“It has been a difficult time for all of us,” she continued, referring to the pandemic.OCHS math teacher Caitlin Jagielski, who had handed Peyton her goodie bag, added, “We have a very strong community. I say it is the silver lining on a cloudy day.”Plenty of surprises fill the goodie bags.Each bag contained an OC mug, stickers, Johnson’s Popcorn and candy.Homemade butter cookies, courtesy of Kookie Kids, a student-led mission of St. Peter’s United Methodist Church in Ocean City, made for another tasty treat.To top it off was a bit of St. Patrick’s Day luck with a “pot of gold” filled with sweet surprises.It was the second month of presents in the form of goodie bags to recognize the Class of 2021.Last month the 335 seniors received Valentine’s Day baggies filled with goodies handed out over two days as well, one day for each group of seniors.St. Peter’s United Methodist Church is the hub for assembling the Senior Celebration bags.Jennifer Bowman, of Ocean City, and her family, along with other volunteers, came up with the idea to do something special for the graduating class.Bowman explained in an earlier interview that they wanted to show seniors how special they are, especially during a time when the pandemic led to cancellations of so many senior events in 2021.Math teacher Caitlin Jagielski hands Giovanna Evans, 17, of Upper Township, her gift bag.Kookie Kids was created by Jennifer’s daughter, Katie. Now, Katie’s younger sister, Kelsea, does the baking, along with her friend, Andi Helperstine, and other volunteers.As seniors took their bags and rushed off to catch the bus or get in their cars, some stopped for a few moments to speak to their teachers and fellow students.Giovanna Evans, 17, of Upper Township, said she thought the gift bags were a great idea and really helped with morale.“I think it is a really nice way to celebrate the seniors, especially with the COVID pandemic,” Giovanna said. “It has been really hard for all of us.”For more information about how to help out or give a cash donation toward creating the Senior Celebration bags and for other items that are needed, text or call Jennifer Bowman at 609-425-1474.Volunteers make up the bags at St. Peter’s United Methodist Church. (Photo courtesy of Jen Bowman)last_img read more

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Derek Trucks, Susan Tedeschi, Slash & So Many More Perform B.B. King Tribute [Watch]

first_imgLast night, an incredible roster of musicians came together in Los Angeles to celebrate the musical legacy of one B.B. King. The blues guitarist passed away last year at the age of 89, but his one-of-a-kind musicianship has maintained an enormous influence on musicians from all genres. Those musicians came together last night, as Derek Trucks, Susan Tedeschi, Slash, Joe Bonamassa, Jimmie Vaughan, Quinn Sullivan, Joe Louis Walker, Jimmy Vivino, Kenny Wayne Shepherd, Keb Mo, ZZ Ward and more were on hand to pay tribute.Thrown by the Grammy Foundation at the Wallis Annenburg Center in Beverly Hills, CA, you can watch some highlights from the performance below, thanks to 1AnitrasDance on YouTube.last_img

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Aphex Twin Drops New Track “tnodvood104” For The Holidays [Listen]

first_imgRichard D. James, better known as Aphex Twin, sneakily dropped a little holiday gift for us, with the release of a new track titled “tnodvood104.” Ever the mysterious artist, the stripped down, minimal beat is everything that we have come to know and love about Aphex Twin.Björk Calls Out Media For Being Sexist And Unfair To Female Artists After Day For Night DJ PerformanceWith his first American performance in years at the recent Day For Night Festival in Houston, TX, which also featured sets from Björk, Kaskade, Odesza, and more, let’s hope the release of “tnodvood104”, and the 12-inch record he was selling at the festival, leads to more live sightings of James this side of the pond. Take a listen to the new track below:“user18081971 (Aphex Twin) – tnodvood104”:last_img read more

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Laurel Crash Leaves Pedestrian Dead

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A pedestrian was fatally struck by a vehicle in Laurel early Thursday morning.Southold Town police said the man was struck on Route 25 near the Riverhead town line shortly before 6 a.m.The victim’s identity was not immediately available. He was pronounced dead at the scene.The drivers of two vehicles believed to be involved stopped at the scene, police said.Police are continuing the investigation into the cause of the crash.last_img

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Off the rails

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img