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The Virgin Islands Public Finance Authority and the Government of the U.S. Virgin Islands today filed a multi-million dollar malpractice lawsuit seeking punitive and compensatory damages for the failure of its law firm Buchanan, Ingersoll & Rooney PC, and its financial advisor, Bank of America, to properly advise the PFA and GVI in its issuance of over $219 million worth of bonds in 2006.

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Virgin Islands and Its Public Finance Authority File Suit against Buchanan, Ingersoll & Rooney and Bank of America …

October 20, 2014

The tax exemption would benefit the islands and residents and would not have a negative impact to their economy.

LABUAN:Duty-free islands of Langkawi, Tioman and Labuan will be exempted from the Goods and Services (GST), said Deputy Finance Minister Ahmad Maslan.

He said the tax exemption would benefit the islands and residents and would not have a negative impact to their economy.

Addressing a GST briefing here on Sunday, he said the government would take measures to ensure that the transition from the Sales and Services Tax to the GST from April next year would not be drastic to ease the burden of the people.

He said the government would strengthen the GST Enforcement Unit with an addition of 2,270 members, 1,300 Price-Watch Team members and 202,800 Consumer Squad members as well as the inclusion of 579 penghulu and penggawa.

The Price watch team, made up of consumer associations, have been allocated funds to monitor profiteering by traders, he said.

– BERNAMA

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Duty-free islands exempted from GST

By SiliconIndia| Friday, 17 October 2014, 15:14 IST

BANGALORE: Beaches are some of the favorite vacation, honeymoon and adventurous destinations for people around the world. Though we know beaches to be filled with sand that is draped in gold which shimmers under the sunlight, there are strangely beautiful beaches that may just shock you when you look through them.

The beaches on this list will amaze viewers and also stir a desire to go visit them. These beaches are mouth gaping, exciting, fascinating and ones that will leave the viewers awe-struck. Dont be too surprised if some of these beaches defy logic and seem like they are from another planet.

The Starry Shores of Maldives:

This beach is located on one of the islands of Maldives is a real treat to the eyes. The shore of the beach comes to life when small creatures called bioluminescent phytoplankton come together and creates a starry blue-lit shore.

They create a natural light show along the island which is like watching the stars on the sand.

The Hidden Beach, Mexico:

A natural wonder, astonishing creation and a destination for lovers is the hidden beach or the Playa de Amor (beach of love) located in Marieta, Mexico. This beach is hidden out of sight since it is located underground and can be accessed only through being dropped from a helicopter or canoeing through a small tidal wave opening.

This beach came to be when the government of Mexico used this land as a bomb testing facility but later turned it into one of natures most beautiful sites. Today it is listed under UNESCOs world heritage sites.

Also Read: A New Drug To Soon Better Treat Heart Attack Cigarette Ash Can Remove Arsenic From Water

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The Most Bizarre Beaches In The World

Minister for Finance Michael Noonan announced the ending of the so-called double Irish tax structure. Photograph: Alan Betson

The international movement against aggressive tax planning by multinationals, which saw the Government this week announce the closing of a tax structure used by Google, Facebook and others, holds significant opportunties for Ireland, according to research by the Department of Finance.

The research concludes that the practice by multinationals of directing large amounts of their turnover to offshore tax havens where their intellectual property resides is set to come under ever greater pressure.

This in turn will prompt multinationals to look to move their intellectual property from tax havens and Ireland should continue to monitor change in this area, as a competitive tax rate could become highly relevant.

The research by the department concludes the work being done by the Organisation for Economic Co-operation and Development, which is aimed at drafting new global rules for corporate taxation, fits with the policy that has operated in Ireland since the 1950s.

This is because the OECD is seeking to create a greater alignment between where the substance of a companys business resides and where it pays tax. Historically, Ireland has used its low corporation tax base to attract real and substantial business activities here.

The same research notes the importance and risk to Irelands economy that lie in the fact it is so dependent on foreign direct investment. A paper by the Revenue Commissioners that forms part of the research shows one 1 out of every 8 in tax raised in 2012 came from corporation tax, and almost three-quarters of the corporation tax raised in 2008 to 2012 came from foreign-owned multinationals.

The top ten companies were responsible for 24 per cent of the corporation tax raised. Furthermore, foreign multinationals have higher productivity than most domestic companies and wages tend to be twice those paid by indigenous firms.

In his budget speech on Tuesday, Minister for Finance, Michael Noonan announced the ending of the so-called double Irish tax structure, where companies could book sales from around Europe and further afield to their operating company in Ireland, before that company paid huge royalty or licence payments to another, Irish-registered company that was tax resident offshore.

At the same time, he announced plans to put in place a so-called knowledge development box, a structure that would create tax advantages for companies that locate their intellectual property here.

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Global tax changes create Irish opportunity

Oct 152014



Bitcoin Trade 186
In this episode I introduce Bitcoin, digital crypto currency independent form Government and State backing and control, a new technology that allows easy flo…

By: James Bond

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Bitcoin Trade 186 – Video

The Bitcoin market had an exciting week with the market value breaking over the $400 mark againbut its been hovering above and below the $400 band since that happened. Canada received an amazing talk from Andreas Antonopoulos, previous Chief Security Officer at Blockchain.info and author of Mastering Bitcoin, who spoke to the Canadian senate with an impassioned explanation of Bitcoin and its innovative future.

In the legal corner of Bitcoin news, Dorian Nakamotoa man outed by Newsweek alleged to be the Satoshi Nakamotois seeking a lawsuit against Newsweek for what happened after the article that brought attention to him. Still no word on who or what the actual Satoshi Nakamoto happens to be. And, Butterfly Labs is striking back against the Federal Trade Commission after a complaint shut down the business as part of an investigation into its practices.

Last, but not least, a new website has launched that gives an up-to-date measure of historical Bitcoin volatility at btcvol.info.

When the market value of bitcoin fell below $400 near September 27th, it must have led to a community-wide depression. It seems this way because now that the market value has risen, once again, above $400 (sometime midnight Sunday) it triggered a few joyous posts on reddit.

Since then, the price has hovered near $400, rising and falling in a band between $415 and $395.

Andreas Antonopolous last week went in front of the Senate of Canada and spoke to the government body about the regulating Bitcoin. The first eleven minutes is Antonopoulos speech and the remaining almost hour-and-a-half of the video is questions. Even if you dont have two hours to watch, its worth watching his opening statements.

Antonopoulos argues against tight regulation on Bitcoin because it will stifle innovation and during the questions segment rebutted numerous queries about crime and money laundering by discussing the nature of privacy and security with Bitcoin. He especially did a good job of showing how while BItcoin is more transparent than fiat money it can also be more secure.

The senators ask interesting and extremely thoughtful questions, most of which center around consumer protection and economics; but amid the most enlightening was Who are Bitcoins biggest detractors around the 41:20 mark.

In an attempt to resolve the hunt for the legendary Satoshi Nakamotothe mythical Batman and inventor of BitcoinNewsweeks Leah McGrath Goodman claimed that Dorian Nakamoto of California happened to be the mythical Bitcoin inventor. This led to a major disruption of Nakamotos life.

This has happened before. A reporter for The New Yorker interviewed Michael Clear, another cryptographer with a math backgroundyet also denied being Satoshi. However, Dorian Nakamoto had the benefit of a very similar name.

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Bitcoin Weekly 2014 October 15: Bitcoin breaks $400, Antonopoulos speaks to Canadian Senate, Butterfly Labs vs. FTC

Microsoft says it’s patching a Windows security flaw cited in a report on alleged spying by Russian hackers. Ted S. Warren/AP hide caption

Microsoft says it’s patching a Windows security flaw cited in a report on alleged spying by Russian hackers.

A group of hackers, allegedly from Russia, found a fundamental flaw in Microsoft Windows and exploited it to spy on Western governments, NATO, European energy companies and an academic organization in the United States.

That’s according to new research from iSight Partners, a Dallas-based cybersecurity firm.

Last month, the U.S. and the U.K. were preparing to meet at a NATO summit to talk about Ukraine. Emails were flying back and forth. Different experts were offering to talk at the conference. And in the midst of all the digital traffic, hackers jumped into the conversation.

Patrick McBride, a spokesman with iSight, says the hackers targeted specific officials using a well-known kind of attack called spear-phishing. Hackers would craft a message with a PowerPoint document attached. For example, they’d say, “We’d like to be involved in the conference.”

And when an unknowing recipient opened the corrupted PowerPoint, the file was exploited to load a piece of malware onto the computer that the attacker could then use later to “exfiltrate documents,” McBride says.

The hacker group, dubbed the “Sandworm Team,” allegedly pulled emails and documents off computers from NATO, Ukrainian government groups, Western European government officials, and energy sector and telecommunications firms.

In the mad dash to grab information, McBride says, the hackers got a little sloppy and dropped hints about their identity. He says they’re Russian, “but we can’t pinpoint if they work for the Russian government or work in a particular department in the government.”

The Russian embassy did not immediately respond to NPR’s inquiry. Microsoft says that Tuesday, it’s patching the security flaw so that PowerPoint and other Office products can’t be exploited again in the same way.

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Microsoft Windows Flaw Let Russian Hackers Spy On NATO, Report Says



NSA Re-Classifies Public Information
It's hard to get information from the government. Even when the NSA releases information about itself, it claims the intel is classified. Follow Alex on TWITTER – https://twitter.com/RealAlexJon…

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NSA Re-Classifies Public Information – Video



RON PAUL: Liberty, Not Government, is Key to Containing Ebola – 10/13/14
RON PAUL: Liberty, Not Government, is Key to Containing Ebola – 10/13/14 PLEASE click here to SUBSCRIBE to my channel.. SUBSCRIBE for more latest news / Economy | money | Economic collapse …

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RON PAUL: Liberty, Not Government, is Key to Containing Ebola – 10/13/14 – Video

Edward Snowden, the former NSA contractor and infamous leaker of the agencys massive surveillance program, is again asking the government to allow him to return to the United States and stand trial for his alleged crimes. In an exclusive video interview with The New Yorker on Saturday, Snowden said government officials had routinely declined his requests to allow him to come back and stand trial.

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Edward Snowden Asks U.S. for a Fair Trial

noun 1.

an amendment to the U.S. Constitution, ratified in 1791 as part of the Bill of Rights, providing chiefly that no person be required to testify against himself or herself in a criminal case and that no person be subjected to a second trial for an offense for which he or she has been duly tried previously.

British Dictionary definitions for Fifth Amendment Expand

an amendment to the US Constitution stating that no person may be compelled to testify against himself and that no person may be tried for a second time on a charge for which he has already been acquitted

(US) take the fifth, take the fifth amendment, to refuse to answer a question on the grounds that it might incriminate oneself

Fifth Amendment in Culture Expand

One of the ten amendments to the United States Constitution that make up the Bill of Rights. The Fifth Amendment imposes restrictions on the government’s prosecution of persons accused of crimes. It prohibits self-incrimination and double jeopardy and mandates due process of law.

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Fifth amendment | Define Fifth amendment at Dictionary.com

The criminal action taken by South Korean prosecutors against a former Seoul bureau chief of Japans Sankei Shimbun daily on the charge that his column posted online in August defamed President Park Geun-hye raises serious questions about the countrys commitment to freedom of the press. It could border on abuse of power if the South Korean investigators are using the charge of libel against a public figure like the president selectively on members of the media that are critical of her administration.

The column in question quoted rumors originally reported in the South Korean media and circulating in the financial industry that Park was with a man during the seven hours when her whereabouts was unconfirmed on April 16 the day the passenger ferry Sewol sank and killed more than 300 people, mostly teenagers on a school trip. The writer, Tatsuya Kato, was indicted Oct. 8 without being detained. He had been questioned three times by the prosecutors and banned from leaving the country since early August even though he was relieved of his position as bureau chief as of Oct. 1.

The Seoul prosecutors charge that Katos column defamed Parks reputation by carrying information without the minimum backup reporting necessary to support its validity.

The presidents office says Park was inside the presidential compound during the hours in question. The prosecutors were acting on a criminal complaint filed by a local conservative civic group against the article, but it would be safe to assume that the administration was behind the push for the indictment, given that a senior official of the presidents office said earlier that the South Korean authorities would pursue civil and criminal charges against the journalist.

When South Korea was under the rule of a succession of military dictators until the 1980s, people could be punished for defamation of the state by criticizing those in power.

Although such a law was abolished in the countrys subsequent democratization, certain restrictions linger on freedom of thought and expression, such as a national security law that can subject people to penalties for praising North Korea, which Seoul deems as illegally occupying the northern half of the peninsula.

There is reportedly criticism that the Park administration is also using the libel charge as a tool not only against members of the media but also against opposition lawmakers and lawyers that are critical of the government.

That no criminal action has been taken against or investigations made of Chosun Ilbo, a leading conservative South Korean newspaper that originally reported the rumors, has raised the question of whether the investigators selectively targeted the Japanese daily, which takes a position critical of the Park administration on many of the disputes between Japan and South Korea.

Sankei, which strongly protested and called for retraction of the action by the Seoul prosecutors, has said that the column was not meant to defame the president but to serve the publics interest by reporting on the developments in South Korea concerning the top government leaders whereabouts on the day the major accident took place.

Maximum restraint is urged on the use of defamation charges by those in power since such an action can be considered discretionary as a way of intimidating the people and organizations that criticize them.

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Freedom of the press in South Korea

KUALA LUMPUR – There is a need to impose some restrictions on the freedom of speech to prevent abuse, said MCA deputy president Datuk Dr Wee Ka Siong.

He, however, stressed that the law must be fair to everyone and no one should receive special treatment.

Stern action must be taken against those who have breached the law, whether they are from the ruling coalition or the Opposition, he said.

Abusing such freedom can destroy the peace and harmony of the society, he said, adding that acts such as the burning of Bibles could not be tolerated.

Dr Wee had called for a review of the Sedition Act to ensure fairness.

While respecting freedom of speech, there must be some restrictions (be it a new set of laws or amending existing ones) to prevent them from being abused, he said when opening the MCA Youth annual general assembly yesterday.

Dr Wee, who is also Minister in the Prime Minister’s Department, said Chinese had gradually become a mainstream language in the world with emerging economic powers like China, adding that more than 40 million people were learning the language globally.

He described those who viewed Chinese education as a hindrance to national unity – whether such critics come from Barisan Nasional or the Opposition – were the real obstacles to nation building.

“MCA will not compromise and will fight till the end to defend Chinese education,” he reiterated, while stressing the need to build more Chinese schools and encourage more non-Chinese to be multi-lingual by learning Chinese as well as other languages such as Tamil and Arabic.

He noted that the Government had recognised these schools as part of the education system by allocating funds to them in Budget 2015.

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Free speech restrictions in Malaysia needed to 'prevent abuse'

Secure remote control for conventional and virtual desktops

A US District Court has shot down a motion to toss out the government’s evidence against alleged Silk Road mastermind Ross Ulbricht, ruling that the FBI’s investigation did not violate Ulbricht’s Fourth Amendment rights.

In a 38-page ruling, District Judge Katherine Forrest wrote that the defense could not exclude evidence gathered from the Icelandic server that hosted the Silk Road darknet service, rejecting Ulbricht’s attorneys’ argument that the probe was conducted illegally.

The order, in large part, sides with the arguments put forward by the prosecutors in the case.

Ulbricht’s lawyers had argued that the FBI’s search of the server, which was carried out without a warrant, violated Ulbricht’s Fourth Amendment protection against unreasonable search and seizure. Judge Forrest, however, ruled that the Fourth Amendment did not apply in Ulbricht’s case.

In particular, the judge noted that Ulbricht had failed to establish that he had a “personal privacy interest” in the server. Had he submitted a sworn statement asserting such interest, she observed, it could not have been admitted as evidence of his guilt during his trial, although it could have been used to poke holes in his testimony should he take the witness stand.

Ulbricht has offered no such statement, however, presumably to keep his story straight: he denies being the operator of Silk Road. But if he doesn’t come forward and say the server is his, Judge Forrest said, he can’t establish that he has a personal privacy interest in it and absent the expectation of privacy, he can’t claim Fourth Amendment protection.

“Here, the Court does not know whether Ulbricht made a tactical choice because he is as they say between a rock and a hard place, or because he truly has no personal privacy interest in the servers at issue,” the judge wrote. “It is clear, however, that this Court may not proceed with a Fourth Amendment analysis in the absence of the requisite interest.”

The information gathered from the search of the Icelandic server was later used to issue warrants within the US to gather information in the investigation leading up to Ulbricht’s arrest on drug and conspiracy charges. Judge Forrest acknowledged that had the defense prevailed, virtually all of the evidence pinning Ulbricht as the head of Silk Road would have been excluded.

As it is, the judge declined Ulbricht’s lawyers’ motion to suppress the evidence against him and his case will move forward, with his trial due to begin in November.

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Judge nukes Ulbricht's complaint about WARRANTLESS FBI Silk Road server raid

Twitter filed a lawsuit against the federal government this week over First Amendment rights, marking the latest round in a battle between tech companies and the government over how much they can reveal about government requests for their user information.

This debate began when Edward Snowden revealed information about the PRISM program, which suggested that the government was asking tech companies for private user information. Tech companies can report the number of requests they receive in broad terms. Twitter hopes to put users at ease by giving them more detail about the requests, but the government is keeping them quiet.

Here are some questions we thought you might be asking:

What kinds of requests is Twitter is being told it can’t talk about?

These are requests that basically could be related to people who the government thinks might be connected to, for example, terrorism. The government sends notices to a company like Twitter saying, “We want information about this individual or this group, and because it’s a matter of national security, you can’t even tell anyone we asked.” In its lawsuit, Twitter is saying that it has a First Amendment right to reveal that the government is asking it for information.

What is the government saying?

The government says that this is a matter of national security and revealing any information at all could actually jeopardize the investigation.

Why is Twitter taking up this fight?

Twitter and other tech companies were really put on the spot when Edward Snowden leaked information about the so-called PRISM program, which suggested there was wide government surveillance of user information that was stored with tech companies. For a company like Twitter, Google, Microsoft or any of these big players, it left them in this position of not being able to deny or confirm how much information they had given to the government. This made their customers uneasy. So they basically have said to the government that they want to be able to say something, and they’ve been fighting with the government for at least some degree of transparency.

So they can’t say anything at this point?

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Twitter Is Suing The U.S. Over Free Speech (Its Own)



Indian journalism and Government surveillance Part 1
Growing surveillance and monitoring of communication affects journalists and bloggers who work on investigative stories. Their sources and they need protection. The Hoot's Free Speech Hub,…

By: NitiCentral

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Indian journalism and Government surveillance Part 1 – Video

Bujumbura (Burundi) (AFP) – Arrests, harassment, a clampdown on free speech: with less than a year before elections in Burundi, critics say the government is doing all it can clamp down on political challengers.

More here:
Burundi opposition under threat as elections approach

Published October 09, 2014

KINGSTON, Jamaica A Cayman Islands jury on Thursday found a former premier not guilty of nearly a dozen criminal charges about two years after he was ousted from office on suspicion of corruption.

Prosecutors alleged McKeeva Bush had illegally tapped his government credit card to withdraw nearly $50,000 in casinos in the Bahamas and the United States, using some of the cash to gamble on slot machines.

The jury of four men and three women deliberating about seven hours, and unanimously cleared Bush of six counts of misconduct and five counts of breach of trust in the tiny British Caribbean territory that is one of the world’s biggest financial centers.

In a statement after the verdict was delivered, Bush said the charges “were nothing more than the result of a conspiracy to remove me from power.” He has repeatedly asserted that he did not break any laws and that he was the victim of a smear campaign by political opponents.

Bush and a few dozen supporters hugged and cheered outside the courtroom after Justice Michael Mettyear had departed.

Bush, the British Caribbean territory’s longest serving politician, lost a no-confidence vote in December 2012 and was ousted as the islands’ No. 1 politician after police arrested him at his home on suspicion of misusing a government credit card and other charges.

The charges rocked the Cayman Islands, where Bush had been the premier since his United Democratic Party won 2009 general elections. He wielded great power within the territory because he was in charge of finance, tourism and development as well as being head of government.

A few months after his arrest, Bush’s fractured party was defeated in parliamentary elections. He retained his seat as a lawmaker in his powerbase in a populous district of Grand Cayman. He also remained head of his political faction.

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Cayman Islands jury clears ex-premier of all criminal charges nearly 2 years after his ouster

A Cayman Islands jury on Thursday unanimously found a former premier not guilty of nearly a dozen criminal charges about two years after he was ousted from power on suspicion of corruption.

Prosecutors alleged McKeeva Bush had illegally tapped his government credit card to withdraw nearly $50,000 in casinos in the Bahamas and the United States, using some of the cash to gamble on slot machines. Bush’s lawyers did not dispute that he used the cards for personal reasons, but argued that no laws were ever broken and all cash advances were paid back.

When instructing the jurors, Justice Michael Mettyear said that some of them might be surprised that a premier traveling abroad on business would “spend hours and hours on slot machines,” but their personal feelings toward gambling could not justify a conviction. He told them to deliver a ruling based solely on the evidence.

The seven-member jury deliberated about five hours, and cleared Bush of six counts of misconduct and five counts of breach of trust in the tiny British Caribbean territory that is one of the world’s biggest financial centers.

In a statement after the verdict was delivered, Bush said the charges “were nothing more than the result of a conspiracy to remove me from power.” He has repeatedly asserted that he did not break any laws and that he was the victim of a smear campaign by political opponents.

Bush and a few dozen supporters hugged and cheered outside the courtroom after the judge had departed.

Bush, the British Caribbean territory’s longest serving politician, lost a no-confidence vote in December 2012 and was ousted as the islands’ No. 1 politician after police arrested him at his home on suspicion of corruption.

The charges rocked the Cayman Islands, where Bush had been the premier since his United Democratic Party won 2009 general elections. He wielded great power within the territory because he was in charge of finance, tourism and development as well as being head of government.

A few months after his arrest, Bush’s fractured party was defeated in parliamentary elections. He retained his seat as a lawmaker in his powerbase in a populous district of Grand Cayman. He also remained head of his political faction.

Originally posted here:
Cayman Jury Clears Ex-Premier of Criminal Charges



Twitter VS Government – BREAKING NEWS
http://www.twitter.com/chefmarco305 MY ERIC GARNER VIDEO – http://youtu.be/VYa0vlw2mqY?list=UUWKBBPLvMxpkXNFXX3VoomA Twitter Sues the Government for Violating Its First Amendment Rights …

By: chefmarco305

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Twitter VS Government – BREAKING NEWS – Video



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