Corporate tax cut tied to bank transactions
Finance Minister Abul Hassan Mahmood Ali has proposed to lower the corporate tax rate on the condition that companies use bank transactions for all types of income, and a certain level of expenditure and investment. He has proposed to lower the tax rate by 2.50 per cent in different sectors in the 2024-25 budget tabled on Thursday. The proposed budget kept the existing corporate tax rate of 37.50 per cent for publicly traded banks, insurance, financial institutions and also for merchant banks. Although the upcoming budget proposed tax rebates for different companies, the finance minister proposed to increase the tax rate for cooperative societies by 5 per cent. Those mobile phone operator companies not publicly traded will still have to pay the 45 per cent tax rate, the minister said.
Source:bd News24
June 06, 2024 12:27 UTC
Visits to amusement parks will cost more as VAT doubled
The government has proposed to increase the value added tax (VAT) on amusement parks and theme parks from 7.5 per cent to 15 per cent. The VAT on the service provided by tour operators and tour guides has also gone up in the budget for fiscal year 2024-25, reports bdnews24.com. Finance Minister Abul Hassan Mahmood Ali proposed the increases in the budget he presented to parliament on Thursday. It’ll bring a negative impact on tourists,” said Md Yunus, director of the Media and Publication Department of the Tour Operators Association of Bangladesh (TOAB). “When the government withdraws VAT rebate it will increase the cost for tourists.
Source:bd News24
June 06, 2024 12:19 UTC
Ask Amy: Two years later, a reader offers an update
Dear Amy: During the height of the pandemic last year, each of my (divorced) parents died suddenly, two months apart. If there is a job you believe your friend might be well-suited for – for instance, driving boxes to the donation center – ask her. Pregnant women don’t always have the kind of traditional friendship support that would accommodate the sort of event you seem to prefer. You can help Eric get started by sending your questions to eric@askingeric.com. (You can email Amy Dickinson at askamy@amydickinson.com or send a letter to Ask Amy, P.O.
Source:Daily Sun
June 06, 2024 12:02 UTC
Tk 7,474 cr proposed for Liberation War Affairs Ministry
SANGSAD BHABAN, June 6, 2024 (BSS)- The government has allocated Taka 7,474 crore forthe Liberation War Affairs Ministry in the proposed budget for the fiscal year (FY) 2024-25. 20,000 considering the socio-economic status of the freedom fighters. Furthermore, the honorarium for the martyrs, freedom fighters holding a title of honour, and war-wounded freedom fighters is now directly deposited into their bank accounts through the Government-to-Person (G2P) system, he said. “We are providing grants for freedom fighters' honorarium, including festivalallowances, Bengali New Year allowances, and Great Victory Day allowances for thefreedom fighters who are alive. Moreover, the programme for issuance of smart cards and digital certificates to ensure the identity of these heroic freedom fighters who are included in the integrated list of the freedom fighters is underway, he added.
Source:Bangladesh Sangbad Sangstha
June 06, 2024 12:01 UTC
Social security programme allocation witnesses 7.72 pc rise in FY25
SANGSAD BHABAN, June 6, 2024 (BSS) - Finance Minister Abul Hassan Mahmood Alihas proposed increasing the social security programme allocation by 7.72percent year-on-year for the 2024-25 fiscal year (FY). The social security programme has been given an allocation of Taka 1,36,026crore, up by Taka 9,754 crore from Taka 1,26,272 crore of the current fiscal. "We are providing grants for freedom fighters' honorarium, including festivalallowances, Bengali New Year allowances, and Great Victory Day allowances forthe freedom fighters who are alive," he said. In this connection, he said there are also provisions for medical care andburial expenses after the death of the freedom fighters. Moreover, he said, the programme for issuance of smart cards and digitalcertificates to ensure the identity of these heroic freedom fighters, who areincluded in the integrated list of the freedom fighters is underway.
Source:Bangladesh Sangbad Sangstha
June 06, 2024 11:57 UTC
Budget 2025: Bangladesh sets tough target of tamping inflation down to 6.5%
As a result, the prices of essential goods, including wheat and fertiliser, sky-rocketed, the finance minister said. The Awami League’s former finance minister AHM Mustafa Kamal had attempted to restrict inflation to 6 percent in the outgoing 2023-24 fiscal year. In his budget speech, the finance minister did not explain in detail how the average price inflation could be held at 6.5 percent. In his budget speech, the finance minister said that taming inflation is at the heart of Bangladesh’s medium-term policy strategy and sector wise strategies. In the budget speech, the finance minister said, “
Source:bd News24
June 06, 2024 11:16 UTC
Jordan Larson leads trio of former Huskers selected to U.S. Olympic volleyball roster
Once again, the Nebraska volleyball team will be represented well on the United States Olympic women’s volleyball team. Three ex-Huskers — Jordan Larson, Kelsey (Robinson) Cook and Justine Wong-Orantes — have each made the team for this summer’s Paris Games. The roster includes eight players who won the gold medal at the 2020 Olympics and four players who will make their Olympic debuts. She earned a silver medal from London 2012 and a bronze medal from Rio de Janeiro 2016 to go with her gold medal from Tokyo. She competed in 2016 (bronze medal) and 2020 (gold medal).
Source:Daily Sun
June 06, 2024 11:03 UTC
Mobile call costs rise with new budget
The total supplementary duty will increase from 15 to 20 percentMobile phone call costs are on the rise as the government has announced an additional 5 percent tax on mobile talk time in the new budget. Finance Minister Abul Hassan Mahmood Ali disclosed this during the budget speech. The tax is set to be implemented immediately following the budget announcement on Thursday. Currently, calls on mobile phones are subjected to a 15 percent VAT and a 15 percent supplementary duty. With the new tax, the total supplementary duty will increase to 20 percent.Furthermore, the fee for each SIM or e-SIM has been raised from Tk 200 to Tk 300.
Source:bd News24
June 06, 2024 11:00 UTC
Bare Aspen Wine and Tasting event to benefit Special Olympics Arizona scheduled for Sept. 14
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Source:Daily Sun
June 06, 2024 10:30 UTC
Daily Minute: Bar's liquor license suspended; Lincoln Pride this weekend; new Husker football commit
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Source:Daily Sun
June 06, 2024 10:26 UTC
Former Sun Editor Keri Blakinger ’14 Named Pulitzer Prize Finalist for Texas Death Row Feature
Former Sun staff writer and magazine editor Keri Blakinger ’14 was named a 2024 Pulitzer Prize Finalist in feature writing for her piece “When Wizards and Orcs Came to Death Row” — a portrait of men on death row in Texas. As someone who has served prison time in the past over a 2010 drug charge, Blakinger explained that her lived experience strengthens her incarceration coverage. Texas death row limits how often reporters can talk to inmates, Blakinger explained. Many death row inmates feared the impact being named in the story would have on their cases. Blakinger’s story does not just focus on the harsh conditions inmates face on death row.
Source:Daily Sun
June 06, 2024 10:18 UTC
Local veteran joins D-Day anniversary parachute jump
Carl Clarke, a Village of Osceola Hills resident who served in the U.S. Air Force from 1965-98, participated in a parachute jump in Normandy, France, in honor of the 80th anniversary of D-Day. The jump is part of a three-phase event called “Operation Currahee to Normandy.”
Source:Daily Sun
June 06, 2024 10:07 UTC
Don’t want 'unnecessarily big' budget, says finance minister
Shifting away from that trend, Mahmood Ali has arranged government spending with a somewhat more restrained hand. Prime Minister Sheikh Hasina gave him the responsibility of foreign minister after he successfully completed his job in the foreign affairs cadre and joined politics. Former finance minister AHM Mustafa Kamal presented five budgets and former finance minister Abul Mal Abdul Muhith presented 10 before the start of the fourth consecutive term of the Awami League government. Now he is taking on the responsibilities of finance minister. Recently, while speaking to journalists about the budget, the finance minister said, “Challenges exist.
Source:bd News24
June 06, 2024 09:38 UTC
Daily Horoscope for June 06, 2024
General Daily Insight for June 06, 2024 Our ideas can lift us into new stratospheres! Taurus April 20 – May 20 This is the moment to plant productive seeds that will produce beautiful fruit. Libra September 23 – October 22 No matter how much you know, there is always room to grow and learn more. Scorpio October 23 – November 21 How you grow in tandem with others is currently a good marker for your personal growth. Thanks to the lovely New Moon performing in your theatrical 5th house, you’ve got as much of an audience as you could possibly ask for!
Source:Daily Sun
June 06, 2024 09:38 UTC
Keeping children safe on social media: What parents should know to protect their kids
Keeping children safe on social media: What parents should know to protect their kidsKiichiro Sato / AP, fileAt what age should kids be on social media? But parents — and even some teens themselves — are growing increasingly concerned about the effects of social media use on young people. Here are some tips on staying safe, communicating and setting limits on social media — for kids as well as their parents. “There is not necessarily a magical age,” said Christine Elgersma, a social media expert at the nonprofit Common Sense Media. Watch a documentary like “The Social Dilemma” that explores algorithms, dark patterns and dopamine feedback cycles of social media.
Source:Daily Sun
June 06, 2024 08:10 UTC