Mediaboss Marketing

Updated: Thu Mar. 01 2012 15:10:24

The Canadian Press

OTTAWA The federal government isn't doing enough to catch tax cheats who stash money in overseas havens, says a Liberal senator.

Percy Downe said the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasn't cracked down.

However, Nancy Bishay, a spokeswoman for Revenue Minister Gail Shea, said the government has been diligent in chasing tax dodgers.

The Liberal senator from Prince Edward Island said the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

But Bishay says the agency has gone far beyond that in pursuit of cheats.

"Over the last two years, through audits of Canadian taxpayers involved in aggressive international transactions, the CRA has made great strides," she wrote in an email.

"As an example, in 2009-10 alone, we identified over $1 billion in additional taxes. Compare that to 2005-06 under the Liberals where $174 million was identified."

In his news release, Downe said the government seems to be bending the rules to let some tax evaders off the hook.

See more here:
Overseas tax cheats getting off easy, says senator

OTTAWA A Liberal senator says the federal government isnt doing enough to catch tax cheats who stash money in overseas havens.

Percy Downe says the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasnt cracked down.

The Prince Edward Island Liberal senator says the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

In a release, Downe says the government seems to be bending the rules to let some of them off the hook.

He says another 1,700 Canadians are known to have accounts in just a single Swiss bank.

Downe adds that at a time when the government is scrambling to deal with the deficit, theres no excuse for letting tax cheats off easy.

Not one penny has been assessed in fines, he said of the Liechtenstein cases.

That is because not one charge has been laid. In the four years since this information has come to light, not one of these Canadians who have hidden their money abroad to avoid paying taxes in Canada have stood before a judge, in Canada or overseas.

Downe, a former chief of staff to Jean Chretien who was named to the Senate by his boss in 2003, says its a matter of fairness.

Tax fairness, like justice, must be seen to be done, he said. Honest, law-abiding, taxpaying Canadians should not have to feel let down by a federal government unable or unwilling to make a serious effort to recoup monies from Canadians who try to avoid paying their fair share.

Read more from the original source:
A call to crack down on tax cheats with overseas bank accounts

OTTAWA - A Liberal senator says the federal government isn't doing enough to catch tax cheats who stash money in overseas havens.

Percy Downe says the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasn't cracked down.

The Prince Edward Island Liberal senator says the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

In a release, Downe says the government seems to be bending the rules to let some of them off the hook.

He says another 1,700 Canadians are known to have accounts in just a single Swiss bank.

Downe adds that at a time when the government is scrambling to deal with the deficit, there's no excuse for letting tax cheats off easy.

"Not one penny has been assessed in fines," he said of the Liechtenstein cases.

"That is because not one charge has been laid. In the four years since this information has come to light, not one of these Canadians who have hidden their money abroad to avoid paying taxes in Canada have stood before a judge, in Canada or overseas."

Downe, a former chief of staff to Jean Chretien who was named to the Senate by his boss in 2003, says it's a matter of fairness.

"Tax fairness, like justice, must be seen to be done," he said. "Honest, law-abiding, taxpaying Canadians should not have to feel let down by a federal government unable or unwilling to make a serious effort to recoup monies from Canadians who try to avoid paying their fair share."

View post:
Harper government letting overseas tax cheats off easy, says senator

BW Offshore Limitedis contemplating to issue a NOK 500-750millionsenior unsecured bond with maturity inMarch 2017. Theproceeds will be usedfor general corporate purposes.

DNB Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking have been appointed as joint lead managersof the contemplated bond issue.

For further information, please contact:

Knut R. Sthre, CFO, +47 9111 7876

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world`s second largest contractor with a fleet of 14 FPSOsand 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on http://www.bwoffshore.com

The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: BW Offshore via Thomson Reuters ONE HUG#1590559

See more here:
BW Offshore: New contemplated bond issue

Murphy Realty Group continues to dominate the Ulster County Real Estate market, increasing their sales volume by more than 65%, a larger increase than any other real estate agency in Ulster County.

Ulster County, NY (PRWEB) March 01, 2012

With the current state of the real estate market, John is often asked how do you do it? How are you so successful?. Johns answer is we work hard, and we work smart. I have composed a team of Ulster County Real Estate Top Producers who not only live and breathe this business, but love it! John continues to say we have developed a specific strategy for marketing, that both promote our listings, as well as our company. No other company in the county offers a marketing plan even close to ours. We combine an aggressive approach to advertising and marketing in local newspapers, real estate magazines, TV endorsements, radio ads, and most importantly, a complete and DOMINANT online presence.

Murphy Realty Group syndicates their listings on over 100 various real estate websites, offers full HD, interactive virtual tours, features their listings on all of the top real estate websites, and takes advantage of all the various social media outlets, ensuring that their listings get maximum exposure.

Along with all of this, Murphy Realty Group has expanded their online presence. Their company website, MurphyRealtyGrp.com offers state of the art technology, making it that much easier for buyers to perform their Ulster County Real Estate search. The website offers advanced search options, along with the ability to save searches, save favorite listings, and receive instant automatic email notification for any new listings or price reductions for listings that meet desired criteria.

Besides the company website, Murphy Realty Group has recently announced that they offer numerous other real estate websites. Each of these sites are highly ranked for related search terms for that site. The company is targeting local buyers and sellers with area specific websites, such as WoodstockNewYorkRealEstate.com, UlsterCountyNYRealEstate.com, and CatskillsNYRealEstate.com. These are just a few of the additional websites that Murphy Realty Group has to offer.

These sites not only target local buyers and sellers, but they also strategically target out of area buyers, specifically NYC buyers. John Murphy, says that when someone searches for Woodstock Real Estate or Woodstock Homes For Sale, we will not only come up on the first page, but we have an entire site dedicated to that area. Murphy is right, after performing a search for Woodstock Real Estate, there were several other websites, but none as user friendly, or area specific as WoodstockNewYorkRealEstate.com. This website is full of local content, and information about the Woodstock area, offers a local Woodstock blog with news and events on the area, and also offers a user friendly advanced search for all listings in the Woodstock and surrounding areas.

Murphy went on to say that all of his company websites offer specific localized information. The dominant internet presence, along with the aggressive approach to marketing in print, TV and radio goes hand in hand with the reputation of his company, and his top producing Ulster County Real Estate agents. John goes onto state we are very well known throughout the county, weve been around a long time, and many of my agents are actively involved in the community. John continues to recognize and thank loyal clients, stating that the best compliment is a referral. John continues to say many clients and customers remain in contact and have become good friends, long after the home buying or selling process is over, and continue to refer us to their friends and family.

Murphy Realty Group continues to grow successfully, and dominate the Ulster County Real Estate scene. John also said that this is only the beginning of what we have to offer, so when asked why we are so successful, its easier to just say, were good at what we do, and we love it!

To learn more about Murphy Realty Group, visit http://www.MurphyRealtyGrp.com

Read the original post:
Murphy Realty Group Continues to Dominate the Ulster County Real Estate Market