COVID-19 Placing Spotlight on Affordability Challenges, Zoning

first_img Servicers Navigate the Post-Pandemic World 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Sign up for DS News Daily Affordability Zoning 2020-07-30 David Wharton The Best Markets For Residential Property Investors 2 days ago Share Save Home / Daily Dose / COVID-19 Placing Spotlight on Affordability Challenges, Zoning Demand Propels Home Prices Upward 2 days ago About Author: Chuck Green Previous: GSEs Report Boosts in Q2 Income Next: CFPB Receives Record Numbers of Complaints During Pandemic Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordability Zoning The Best Markets For Residential Property Investors 2 days ago July 30, 2020 1,220 Views  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago While COVID-19 is fueling budget cuts and unemployment, the pandemic is also reinforcing the importance of housing affordability according to a report in Bloomberg.Without budget outlays, policy makers can turn that into a reality by greenlighting the construction of additional housing—especially the low-cost variety. That said, contrary to what some recent reforms—tightly focused on one particular type of housing—might suggest, Bloomberg’s piece points out that the road to bountiful housing is easier said than achieved. Additional elbow grease is key to yoking the perennially conflated ideas of owning or renting a home from the reality of doling out considerable cash for a large parcel of land.On the bright side, from California to Virginia, city and state leaders have been spearheading a reexamination of the grip of single-family zoning rules. In the country, they command most residential land. More broadly, however, the full cocktail of regulations that pose a barrier to new, lost-cost construction must be tackled by the housing affordability coalition.A spike in “missing middle”—meaning any low-rise construction denser than detached homes, including backyard cottages, townhouses, or small walk-up apartment buildings—is paramount.Single-unit zoning limits restrict these useful housing options, along with a bushel of other restrictions on how—as well as where—housing can be erected: among others, minimum lot size requirements, parking requirements, and height limits.For example, in Minneapolis last year, city leaders were first to eradicate single-family zoning, while Oregon became the first state to preempt single-family zoning. It did so by requiring localities with a minimum of 10, residents to open the gates to duplexes and, in some instances, fourplexes, on each lot.Meantime, the affordable housing crisis has come during a time when the homeless population rose 2.7% in 2019, said Rep. Maxine Waters, Chairwoman of the House Financial Services Committee.“While more than half a million people have no place to call home, there are millions more who are on the brink of experiencing homelessness because they cannot afford to pay rent,” Waters said. She noted that in 2019, 568,000 people experienced homelessness. That spiked 42% from 2010-2017. Over the past year, a 16% jump in the homeless population was reported in Los Angeles.More than 10 million low-income households are severely cost burden and spend more than 50% of earning on housing, according to the National Low Income Housing Coalition.“Congress has failed to prioritize this issue,” said Waters, who added that Congress has continued to underfund programs that give people access to housing. “Not only are we failing to adequately invest in fed programs to meet the needs of people who are currently meeting the needs of homelessness, we are currently failing to adequately invest in the solutions that can prevent homelessness in the future,” she continued.As the nation grapples with what many are characterizing as an affordability crisis, some claim that, like real estate overall, the solutions are local. They suggest that it boils down to this: the overall market needs to segue from NIMBY (not in my backyard) to YIMBY (yes in my backyard).“As we brace for another general election, we are beginning to hear candidates weigh in on affordable housing,” said housing experts Brooke Medina and Doug McCullough in an article on “Federal policy affects access and affordability to housing, but the best approach to this problem is local.” Related Articles COVID-19 Placing Spotlight on Affordability Challenges, Zoning Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Russians in the Sunshine

first_img July 1, 2004 Editor Regular News Russians in the Sunshine Cheryle M. Dodd Editor Friendly smiles of greeting across the room, a shared love of raw oysters, and the patient services of fluent interpreters eliminated communication hurdles between Florida Bar staff and representatives of The Federal Chamber of Advocates of the Russian Federation when the two groups met in Tallahassee from June 14-18.With the Office for Distributed and Distance Learning of Florida State University, The Florida Bar hosted a study tour for eight Russians lawyers, who represent the Federal Chamber, the regulatory body for Russian lawyers, and several regional chambers. The Federal Chamber, established by Russian legislation in 2003, has mandatory membership from 89 regions.The study group traveled to The Florida Bar via the coordination of the ABA Central European and Eurasion Law Institute, a public service project.As Bar staff described the Bar’s history, membership, lawyer regulation and advertising, and continuing legal education, the Russian lawyers listened attentively and took notes to apply to their bar administration back home.“You are history in the making,” President Kelly Overstreet Johnson told the Russians. “Our dialogue will benefit both of our organizations, but the most important benefit will be to the clients we serve.”Although differences in Florida and Russian bar membership exist, the two groups found some similarities. To become an “advocate” and member of the Federal Chamber in the Russian Federation, a lawyer must pass a regional bar exam. Automatically the lawyer becomes a member of the regional bar upon passing the exam.“An advocate has the right to practice law in all territories of Russia,” said Gennady Sharov, member of the Council of the Federal Chamber of Advocates and director of Moscow City Advocate Collegiums. An advocate is subject to disciplinary action and may be disbarred, he added.Each of the 89 Russian regions has its own chamber of advocates which is established to render legal assistance, represent the interests of advocates, and monitor the code of professional ethics, Sharov explained.He admitted that the current structure of chambers and councils “is full of contradictions, which will hopefully be eliminated during further refinement of the law on advocacy.”Tatiyana Butovchenko, president of the Chamber of Advocates in Samara, Russia, told Florida Bar staff that if a person cannot afford an attorney, the government will appoint representation. The minimum daily fee the attorney receives for this representation is $3.Sharov noted that when “the average [monthly] salary in Russia scarcely exceeds $100, such payment is quite acceptable.”Visits to the Florida Supreme Court, Second Judicial Circuit Court and public defender’s office, Florida Board of Bar Examiners, and Florida State University College of Law were also included on the tour. Per the Russian advocates’ request, they also visited two law firms, Holland and Knight; and Brooks, LeBoeuf, Bennett, Foster & Gwartney.Early in their visit, the Bar’s International Law Section shared with the group its plans for a 2005 U.S.-Russia Legal Symposium and described the function of its Russia Committee.The Florida study tour was coordinated by the ABA’s CEELI. Through its volunteer legal liaison program as well as its training institute in Prague, CEELI, which also has an office in Moscow, makes available American and European legal expertise and technical assistance for emerging democracies in modifying and restructuring laws and legal systems.Maxim Istomin, a Russian lawyer and Florida State University law graduate who now works for the university, said former ABA President Sandy D’Alemberte, now a FSU law professor, suggested he stop by the CEELI office on a recent trip to Moscow. There, Istomin learned that the Russian delegation was planning to visit the U.S. to learn about the legal system and lawyer regulations.“I suggested that Tallahassee would be a good place to visit,” he said with a smile, adding, “And also, they would get the best treatment here.”But he also acknowledged the challenge before the Russian lawyers: “They have to set up their own bar association from nothing.”After the study group returns to Russia, CEELI will provide assistance to the Federal Chamber, as needed, to help implement the group’s goals on bar development and administration.High on the Federal Chamber’s list of objectives is implementing a CLE plan for its membership and creating public information regarding legal assistance in all regions of the Russian Federation. Within a year of the study tour’s Florida visit, it hopes to draft a Model Law for Constituent Entities of the Russian Federation.Tour participants will be taking back plenty of information, not only from the presentations, but from their own questions. Indeed, their inquiries made the week an interactive experience.Even during their visit to the Second Circuit Court, the Russian lawyers took every opportunity to ask questions. Circuit Judge Tom Bateman led them to a jury box, and explained the upcoming proceedings, mostly arraignments and plea bargains, and introduced prosecuting and defense lawyers in the room. Chief Circuit Judge Charles Francis, who presided, paused after each case to allow the visitors, seated in the jury box, to ask questions. And they did.Why were the defendants handcuffed? Francis explained that they were under the control of the sheriff, and were handcuffed for security because only two bailiffs and several defendants were in the courtroom at the same time. In a jury trial, he added, the defendant would not be handcuffed and would be dressed in regular clothes instead of prison garb.Do victims have the right to be in the courtroom? Yes, Francis answered. Frequently, prosecutors consult with victims in reaching plea agreements, although the victims cannot control those negotiations. Victims typically are kept apprised of a case’s progress, and frequently they have the right to present testimony on how crime affected their lives.Aside from the legal events, the Russian lawyers also enjoyed North Florida attractions with visits to Wakulla Springs, Alligator Point, the St. Marks River, and the annual Monticello Watermelon Festival in Jefferson County. Russians in the Sunshinelast_img read more

Beaches beckon as England to end quarantine for more than 50 countries

first_imgTopics : “There will be a list of 50 plus countries and if you add in the overseas territories, 60 something or other that we will publish later today,” Transport Secretary Grant Shapps said.”Today marks the next step in carefully reopening our great nation,” he said.As the spread of the novel coronavirus slows in Europe, countries are reopening travel after more than three months of lockdown.The full list of countries has not yet been published. New Zealand is included, as are the Vatican and Britain’s overseas territories such as the Falkland Islands and Gibraltar. The United States remains on the “red list”. “The U.S. from a very early stage banned flights from the UK and from Europe so there isn’t a reciprocal arrangement in place,” Shapps said.Britain’s foreign ministry will also set out exemptions from a global advisory against “all but essential” international travel, from July 4, a key to normal insurance being valid.The government said it expected countries included on the quarantine-free list to reciprocate by relaxing their own restrictions.The move to ditch the quarantine comes as England’s High Court is due to hear a legal challenge by British Airways , backed by low-cost rivals Ryanair and easyJet . They argue the quarantine had no scientific basis and was unworkable.Britain, with the highest COVID-19 death toll in Europe, is slowly reopening its economy. England and Northern Ireland will reopen pubs this weekend, and Scotland and Wales are expected to follow later in July.Johnson has warned people to maintain social distancing rules and is expected to repeat that caution at a news conference on Friday.”Anyone who flouts social distancing and COVID-secure rules is not only putting us all at risk but letting down those businesses and workers who have done so much to prepare for this new normal,” he will say.center_img Britain will end coronavirus quarantines for people arriving in England from more than 50 countries, including Germany, France, Spain and Italy – but not the United States – the British government said on Friday.The move, effective July 10, clears the way for millions of British tourists to take summer holidays without worrying about being quarantined when they return. Those arriving from higher risk countries will still have to self-quarantine for 14 days under a rule which has angered airlines and travel companies.Prime Minister Boris Johnson’s government had debated for days how to ease the quarantine rules. Scotland, Wales and Northern Ireland, which set their own health policies within the United Kingdom, have not announced plans to lift the measures.last_img read more

Guardiola rates Liverpool as toughest opponent ever

first_img Loading… Guardiola added that he has a great respect for Real Madrid coach Zinedine Zidane. “I admire the two versions, that of the player and the coach,” the former Barcelona star said. “The two. I think Zidane as a player was wow. I would have liked to have played with him. I had the misfortune to have to come up against him facing the French National team. “He does well for football, in the good and bad times and I’m happy about that. I’m very happy that things are going well for him because people like him are very good for football.” Manchester City manager Pep Guardiola has said Liverpool’s team over the past two seasons has been the toughest opponent he has ever come across. Liverpool won the Premier League title for the first time since 1990 in style, finishing 18 points clear of nearest rivals Manchester City this season. Jurgen Klopp’s side also won the Champions League, UEFA Super Cup and the FIFA Club World Cup last season. “Yes, by a big margin, the toughest rival I have faced in my career was the Liverpool team of last year and this season,” Guardiola told DAZN Spain. “It dominates all the records. If you allow them to dominate you, they will cage you in the area and you don’t come out. When you dominate them, they run finding spaces like no one else does. “They are very fast at going back. They are very strong in terms of strategy. Their players are mentally very strong. It’s the rival that I’ve had to think more about how to beat them. “If you ask me which team I’ve had more difficulty to decipher and deal with, that’s Liverpool. The first few years when I arrive to England, Liverpool was a little smaller than it is now and Real Madrid was much stronger. Now, this Liverpool is the toughest that I’ve encountered in my career as coach.” City host La Liga champions Real Madrid on Aug. 7, holding a 2-1 advantage from their Champions League round-of-16 first leg. “It’s a very strong team, in every sense and historically of course,” Guardiola said. “It has made me a better coach. With Jose Mourinho, with [Manuel] Pellegrini, with all the coaches they have had. They [Real Madrid] have done what they have done, to win three straight Champions League, to have taken away two La Liga titles from Barcelona when Barca had completely dominated this competition in this decade like no one else had done.” Read Also: Arsenal target extends RB Leipzig deal Guardiola steered Barcelona to two Champions League titles but was unable to lead his former club Bayern Munich and City to glory in Europe’s elite club competition. “They ask me what am I going to feel to win something that I haven’t won [at City],” Guardiola said. “I don’t know. I don’t know what I’m going to feel. I honestly tried the first year, and the second and the third and the fourth and in all the years that I’m here. If there is a chance, I will try to win it. But if I don’t, will I have failed? I will have failed but the important thing is to try.” FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Is The Most Powerful Woman On Earth?Couples Who Celebrated Their Union In A Unique, Unforgettable Way7 Facts About Black Holes That Will Blow Your MindThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Earns More Than Ronaldo?Best & Worst Celebrity Endorsed Games Ever MadeThe Funniest Prankster Grandma And Her Grandson10 Characters That Should Be Official Disney Princesses7 Mind-Boggling Facts About Black HolesTop 10 Most Romantic Nations In The WorldThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical6 Ridiculous Health Myths That Are Actually Truelast_img read more

Saints look to Manitoba to find size up front in recruit BJ Avery

first_img“He is a well-rounded player who has no problem going to the tough areas of the rink to score goals and make plays.”Playing in a small town in Manitoba, Avery feels like Selkirk College will be a good fit for him.“I chose Selkirk College because of the great hockey program and I’ve always wanted to live in BC,” he says. “It’s a great opportunity to get a start on my education and figure out what path I want to go.”During his time in Swan Valley, Avery was popular with his teammates and in the community.“The Stampeders are pleased that Selkirk College had successfully recruited BJ Avery for their upcoming season,” says Stampeders head coach Erik Peterson.“As an organization we wish to thank BJ for his dedication, and wish him success in his education and hockey in the future.”Avery is very appreciative of the opportunity that was given to him in Swan Valley, but is looking forward to his next chapter in British Columbia.“It was a great place where my teammates and I were treated very well,” says Avery. “I’m going to miss the organization and the community.”Avery’s academic goals are to enroll in Selkirk College’s Business Administration Program in the Fall Semester.Avery is the fourth forward to commit to the Saints for the upcoming 2015-2016 season joining Dallas Calvin (Trail BCHL), Troy Maclise (Osoyoos KIJHL) and Marcel Fuchs (Creston KIJHL). The Selkirk College Saints men’s hockey team has bolstered its 2015-2016 roster with the addition of hulking forward BJ Avery who has committed to playing in the upcoming British Columbia Intercollegiate Hockey League (BCIHL) season.Avery is a 6-foot-3, 205-pound forward who recently completed his final season with the Swan Valley Stampeders of the Manitoba Junior Hockey League (MJHL).A strong presence down the middle, the Clearwater, Manitoba native spent three seasons with Swan Valley posting 30 goals and 35 assists in 118 career games at the Junior A level.This past season saw Avery set career highs in goals (18), assists (18), and points (36).“I hope to be a go-to guy on the ice and in the locker room that will help the team in any way possible,” the towering Avery says of joining the three-time defending BCIHL champion Saints.Recruited by former Saints head coach Alex Evin, Avery will bring something the team was missing during the 2014-2015 season.“BJ will bring size and strength to an already skilled, hardworking forward group,” says Evin, who announced last month that he will be taking up assistant coaching duties with the BCHL’s Alberni Valley Bulldogs.last_img read more

Takeaways: the fuss over the Sharks power play was overblown

first_imgSAN JOSE — Pete DeBoer made a simple case for how the Sharks could turn things around after a 2-2-1 road trip: win the special teams battle, finish around the net and solidify the goal crease.They followed the formula to near perfection against the Buffalo Sabres at SAP Center Thursday.The power play finally broke through, going 3 for 7. The penalty kill went 5 for 5. The Sharks scored five times and Martin Jones put together his best game of the season, making 24 saves on 25 shots.Oh yeah, …last_img read more

Infrastructure drive ‘key to job creation’

first_imgEnhancements to the mining licensing and environmental impact assessment systems.The establishment of the Consumer Protection Agency.The development of an “unblocking” project in the Economic Development Department, which has assisted large employment-creating projects to overcome unnecessary bureaucratic delays.Continued efforts to simplify tax administration. “This is no cause for celebration since we believe that there is a long road ahead, and thus we are accelerating measures to increase employment through public sector interventions as well as assisting the private sector to create more jobs.” Motlanthe singled out the newly adopted National Infrastructure Plan as key to stimulating employment creation by improving the competitiveness of core industries while opening up new opportunities for them. He said this would primarily be done through the Durban/Free State/Gauteng corridor and the opening up of the Northern Mining Belt, as well as securing the country’s energy supply and upgrading the ports. Major investments would also go towards increasing the access of historically deprived regions to the core economy through improved roads, rail and communications, as well as enhancing productivity through investments in household and economic infrastructure and in social capital. The Deputy President said job creation was heavily pinned on construction projects for the infrastructure build programme. Maximising local procurement of inputs for infrastructure projects would also ensure the greatest possible multiplier effect from the build programme. South Africa has also streamlined key elements of its regulatory framework to help bolster the outcomes for job creation. Motlanthe said crucial steps had been taken in this regard, including: 16 August 2012 South Africa’s state-led infrastructure drive will be crucial in realising the country’s target of creating five-million new jobs by 2020 by improving the competitiveness of core industries while opening up new opportunities for them, says Deputy President Kgalema Motlanthe. Responding to a question in Parliament in Cape Town on Wednesday, Motlanthe said that while South Africa had made some progress in job creation, the country still has a while to go. Motlanthe was cautiously optimistic about the latest Labour Force Survey, which showed that over 300 000 new jobs were created by the end of 2011.center_img Motlanthe said the government had also initiated major programmes to support key economic sectors in the country. “These include the auto industry scheme, which has already led to billions of rand in new investment; the clothing and textiles scheme, which has stabilised this critical labour-intensive industry; continued support for business process services, which has already succeeded in creating tens of thousands of new jobs; and a number of programmes to bolster agro-processing.” In spite of the current slowdown in the global economy, the Deputy President said the government remained confident that these measures would go a long way towards helping South Africa to create new jobs. Source: read more

Dairy producers talk phosphorous, manure legislation at summer meeting

first_imgShare Facebook Twitter Google + LinkedIn Pinterest It wasn’t long ago that Grand Lake St. Marys was the center of controversy due to Harmful Algal Blooms (HABs). A lot has happened since that time and phosphorus reduction was one of several important topics at the Ohio Dairy Producers Association (ODPA) Summer Meeting held Wednesday on the banks of the lake in Celina.“Ohio’s dairy farmers all realize the importance of partnering with the consuming public and with our state agencies and all the businesses that need to help solve the water problem in our state,” said Scott Higgins of the ODPA. “Two bills in the past year have been acted upon — Senate Bill 150, Senate Bill 1 — and dairy farmers know what the obligations are. The challenge we have is knowing how to get there. We brought folks together to help us with the technical nature of it and how can we get there quickly.”Speakers for the day included Karl Gebhardt of the Ohio EPA, soil scientist Libby Dayton with Ohio State, Karen Scanlon with the Innovation Center for U.S. Dairy, and keynote speaker Steve Rowe, CEO of Newtrient LLC.Higgins spoke on a piece of legislation looking to help farmers comply with existing law that has been enacted to help address HABs in recent years.“One of the things that came out of Senate Bill 1 and our commitment as an industry to reduce the potential for runoff in our streams and waterways, is the commitment to change our manure management practices,” Higgins said. ”One of the requirements is that we cannot haul manure during the wintertime on frozen and snow covered ground unless you have a growing cover crop underneath it — grass which would absorb those nutrients for example.”Higgins noted that while producers may be ready to comply with such law, the actual infrastructure and resources to do such a thing just aren’t there in some cases.“What we’re finding is there are a lot of our farm families that do not have enough nutrient management storage capacity. So if a farm typically hauls manure year round, they’re going to have to put in six months worth of manure storage. Those are costs that are extremely exorbitant,” he said. “So we’re working on right now with our state agencies and legislature to see if we can’t find a public, private partnership we can share in that cost and make those environmental changes on our farms and store that manure for a longer period of time.”According to the Ohio Legislature website, House Bill 297 looks to authorize a refundable income tax credit for current livestock owners who invest in a manure storage or treatment facility or acquire manure application equipment or manure handling and transportation equipment. Higgins encouraged producers at the ODPA meeting to be advocates for the legislation.“Dairy farmers simply can’t afford to do that on their own. Livestock operators cannot simply put up a bunch of manure storage, which costs maybe $1,000 per cow with milk prices that are $14 a hundredweight, or what we would consider is less than 77 cents per farm out of a gallon of milk that a consumer buys,” Higgins said. “We need some legislative support. We need a public, private partnership.”Higher membership numbers were also reported at the meeting, part of a renewed effort to increase participating in the trade group with hopes of upping its overall membership to 1,000 farms and businesses.“There are over 2,600 dairy farmers in the state of Ohio, and while they are all investing in advertising and promotion and consumer confidence messaging, when it comes to a trade association like the Ohio Dairy Producers Association, that’s a voluntary effort and each one of them needs to decide whether to be a part of it or not,” he said. “We are very excited by the fact that we have over 700 farms and businesses that support this organization.”last_img read more

Commercial ‘artiste’ Sachin Tendulkar Gets Tax Break

first_imgSachin Tendulkar was levied an income tax of Rs 2,08,59,707 on an income of Rs 5,92,31,211 he earned from ESPN Star Sports, Pepsico and Visa in foreign currency during 2001-02 and 2004-05.Sachin Tendulkar, super God of cricket, has formally declared that he is an actor and not a cricketer. The,Sachin Tendulkar was levied an income tax of Rs 2,08,59,707 on an income of Rs 5,92,31,211 he earned from ESPN Star Sports, Pepsico and Visa in foreign currency during 2001-02 and 2004-05.Sachin Tendulkar, super God of cricket, has formally declared that he is an actor and not a cricketer. The excuse: he models for TV advertisements. In order to save tax of around Rs 2 crore on income derived from doing TV commercials, Tendulkar told the Income Tax tribunal that acting, not cricket, is his profession. The tribunal accepted that he is an artist on the grounds that “he has to use his own skills, imagination and creativity in the commercials”.Tendulkar was levied an income tax of Rs 2,08,59,707 on the income of Rs 5,92,31,211 that he earned from ESPN Star Sports, PepsiCo and Visa in foreign currency during 2001-02 and 2004-05. He had challenged the order of the Commissioner of Income Tax-Appeal (CIT-A), to pay up. In an order on May 20, the tribunal ruled that Tendulkar could claim deduction in tax on his income from modelling as he is an artist.Tendulkar had claimed deduction of tax under Section 80RR of the Income Tax Act. The section states that a person can claim tax deduction if he is a playwright, artist, musician, actor or sportsman and the income for which deduction is claimed is derived by him in the exercise of his profession.When the assessing officer asked Tendulkar to explain the nature of his profession, the master blaster submitted that “he is a popular model who acts in various commercials for endorsing products of various companies”. He further stated that the income derived by him from ‘acting’ had been reflected as income from “business and profession” whereas income from playing cricket was reflected as “income from other sources” since he is a non-professional cricketer. Tendulkar explained that the claimed deduction in tax was from the exercise of his profession as an ‘actor’.advertisementThe assessing officer rejected Tendulkar’s claim and looked up the dictionary for the meaning of the term ‘professional’. “It could be correct to say that playing cricket is the source of his livelihood and is therefore his profession,” the officer observed, adding that “if Sachin is not a cricketer, then who is a cricketer?” He noted that Tendulkar had received remuneration for providing a wide variety of services to these companies. The various activities mentioned in the agreement with these companies had nothing to do with his claim of being an actor. Therefore, the officer said, his claim was not justified. Tendulkar has an agreement with these companies for the use of the name, photo, original voice, clothing, footwear, playing product spokesman, personal and media appearances.”It is true that while appearing in ad films Tendulkar would have to dress in a certain way and would have to follow the script suggested by the director. However, that does not make him an actor. In all the advertisements in which he appears, what is highlighted is his personality as a cricketer. It is important to note that the company that wants Tendulkar to endorse its brand uses him because he is Sachin Tendulkar, the cricketing legend,” the officer noted.After his claim was rejected, Tendulkar submitted that he should be considered an ‘artist’ for the purpose of Section 80RR. He submitted that the meaning of ‘artist’ be read along with the several clauses of the endorsement agreements. However, the CIT-A did not buy this argument. He ruled: “Tendulkar is primarily involved in playing cricket and irrespective of whether he is a professional or not, it cannot be disputed that his profession is playing cricket. Tendulkar is not being paid for his activities as an actor or his performance as an artist. The nature and quality of his acting or performance as an artist would never have resulted in the contracts and payments made out to him.”Tendulkar appealed against this ruling to the tribunal. An earlier ruling by the tribunal allowing tax deduction to actor Amitabh Bachchan helped his case. In 2004, the tribunal had ruled that the income derived by Bachchan as a host of TV show Kaun Banega Crorepati (KBC) was liable for deduction of tax under Section 80RR because he used his skills as an artist in the show.Asha Vijayaraghavan, judicial member of the tribunal, and R.K. Panda, accountant member, ruled: “While appearing in advertisements and commercials Tendulkar has to face the lights and camera. As a model he brings to his work a degree of imagination, creativity and skill to arrange elements in a manner that would affect human senses and emotions and to have an aesthetic value. No doubt, being a successful cricketer has added to his brand value as a model. But the fact remains that he has to use his own skills, imagination and creativity. Every sportsman does not possess that degree of talent or skill or creativity to face the lights and camera. The income received by him from modeling and appearing in TV commercials and similar activities can be termed as income derived from the profession of an artist.”advertisementTendulkar had also claimed deduction of Rs 57,969 towards staff welfare expenses that included expenses incurred on tea and snacks provided to his staff, Rs 50,000 each on account of entertainment expenses and telephone expenses and Rs 1,42,824 on account of car expenses. However, the tribunal dismissed these claims saying that the use of telephone, car and food was for him and his family.This is one act where the man who holds almost all the batting records in cricket has outdone himself.last_img read more

Harness the Web for Social Good (and win $10,000)

first_imgBy Jono SmithDo you believe in the power of the web to help nonprofits create social change? Do you know a talented Web strategist or developer interested in coming up with new ways to use the Web for social good? The Case Foundation is sponsoring two $10,000 prizes for Web enthusiasts who do just that.Network for Good, NetSquared, and the Case Foundation have come together to challenge developers to mash-up the Network for Good online donation processing API with another Web service to either (a) enhance the online donor experience or (b) revolutionize a nonprofit’s ability to fundraise online. As if changing the world was not enough, the two winners will each receive a $10,000 prize. Full details here: Mash what? Learn more here.last_img read more