Govt to vigorously oppose similar settlements – Finance Minister

first_imgDDL tax settlementIn light of concerns in relation to the controversial tax write-off granted by Government to beverage giant Demerara Distillers Limited (DDL), Finance Minister Winston Jordan declared that any attempts to seek a similar settlement would be strongly contested by the A Partnership for National Unity/Alliance For Change (APNU/AFC) Government.Opposition Leader Bharrat JagdeoOpposition Leader Bharrat Jagdeo had contended that the whopping $3.8 billion Consumption Tax write-off from the Guyana Revenue Authority (GRA) opened the door for other companies to seek refunds on taxes paid on the same basis as was used in the DDL case.Finance Minister Winston JordanHowever, Jordan insisted that Government would not let such a situation occur.“Any attempts by other business persons to make claims and so on will also be vigorously opposed based on principles that underline the settlement with DDL,” he stated during a news conference on Monday.Jordan explained that Government could not stop other companies from wanting to make similar claims however, as with the Rudisa case where other corporations are piggybacking on the outcome of that settlement, but there would have to be reasonable grounds.The Finance Minister asserted that the GRA engaged in tax settlements all the time and the DDL matter was nothing new.“The judgement is sound, based on what is told to me,” he stated, noting that there really was not an issue with the matter.The Opposition Leader had contended that the DDL settlement, as well as the possibility of other companies seeking refunds, would cost the State billions in revenue dollars – billions that could have been used in areas that the coalition Government told the nation it could not afford to fund.He explained that the potential cost of this single settlement and its possible consequences amounted to more money than the State received in loans and grants in a single year.Jagdeo had also demanded that Government release critical information in relation to this tax deal, including whether or not an assessment of DDL’s liabilities in respect of Excise Tax for the period 2006 to 2016 was done and what was the sum of that liability; who negotiated the settlement; if the settlement was approved by Cabinet or the Board of the GRA; on what principles was the sum $1.5 billion arrived at; and whether other deals were concluded or are currently being negotiated.last_img read more


first_imgUlster Senior League Results & Reports 27.03.16ResultsDonegal News League Cup Semi-Finals Bonagee Utd.   1   3   Letterkenny RoversDerry City Res. v Cockhill Celtic (City failed to field)Reports Rovers Win Derby to Advance to Cup FinalBonagee Utd.                       1Letterkenny Rovers           3Letterkenny Rovers booked their place in the decider of this year’s Donegal News League Cup after falling behind to Bonagee in a close fought game at the Showgrounds. This victory sets Rovers in good stead for their big trip to Cork next weekend for their Intermediate Cup semi-final clash with Ringmahon Rangers and their FAI Senior Cup 1st Rd. game with Portmarnock FC the following week.The first opportunity of the game fell the way of the visitors in the 12th minute, when a cross from Paul McVeigh seemed to catch the Bonagee defence napping and Darren McElwaine managed to side foot an effort wide from five yards out. Bonagee tested young Sean Friel in the Letterkenny Rovers nets in the 15th minute, when Kevin Barr, who was lively throughout, forced a save with an effort from the edge of the box. The deadlock was broken in the 33rd minute. A long ball out from the back was flicked on by the head of Barr into the path of Aidan McLaughlin, who managed to squeeze the ball home from ten yards. That lead lasted all of six minutes. Ryan Lonergan, surrounded by two Bonagee players, managed to get his cross to the back post, where McElwaine was on hand to prod the ball home from three yards. An effort from McVeigh on the stroke of half time stung the fingers of Eugene Ferry, so the score at the interval was one each.Letterkenny took the lead ten minutes into the second period.  A Mark Forker ball into the channel reached Stevie Okakpo who made no mistake from twelve yards. Okakpo got his second two minutes later.  A mistake by the normally reliable Gareth Breslin allowed the young Rovers striker give his side a two goal cushion. Chances were scarce for the remainder of the contest and it is the Letterkenny who continue their good run in the cup competitions this season. Bonagee Utd:  Eugene Ferry, Evan McCroary, Darren Hunter, Gareth Breslin, Barry McGinley, Anthony Appiah, Ryan McFadden, Dean Larkin, Jamie Lynagh, Kevin Barr, Aidan McLaughlin.Letterkenny Rovers:  Sean Friel, Ryan Lonergan, Shane Bradley, Paul Boyle, Johnny Minnock, Kevin McGrath, Mark Forker, Christy Conaghan, Stevie Okakpu, Darren McElwaine, Paul McVeighRef Packie CollFixtures Sunday, April 3rd4 Lanterns USL at 2pmSwilly Rovers v Derry City Res.FAI Umbro Intermediate Cup Semi-FinalRingmahon Rangers (Cork) v Letterkenny Rovers 12 noonUSL: ROVERS TO TAKE ON COCKHILL IN DONEGAL LEAGUE CUP was last modified: March 27th, 2016 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:soccerUSLlast_img read more