Archive for the 'ZERO PATENT' Category
Thursday, January 7th, 2010
Dear David ,
I have started reading your book
“And the truth shall set you free” .
This is a remarkably brilliant eye opening
book .
Great appreciation for your work , please accept .
We have interacted with some brotherhood societies
and always found them socially responsible and doing
noble projects with social objectives as priority .
Yes of course they do assist the brotherhood members
to enhance their knowledge and social standing .
However even if it was that the global elite or the illuminati
control the things in the world may not be questionable because
the world wide members may not know their agenda or plans .
But if you see around you micro to macro families and organisations
you find that they are being controlled by some one .
Every one however well place in the world he may be , is having some one
above him to be answerable to . May it be the individual or
government tax authorities .
The world as a chain of things has to have some fountain heads
some where in the world in some form or the other .
It is an old system in the new packaging .
Alexander the Great , King Solomon , Genghes Khan , Chanakya in India had similar agenda as of the brotherhood networks .
There is another point that these and many other imperialists
did contribute in bringing the world closer and make it a global village today
and create affluence in the society in many parts of the world .
Colonialism was no more viable and it was difficult to manage the
countries physically with few foreigners in the light of growing
literacy which was created by the Colonial rulers only .
They thought of a better way and that was to use them to create larger economies for them selves and others by freeing them from colonialism to self rule .
Even if the money was lent and interest charged on the money which never existed and does not exist even today , what is the issue .
They helped increase the exploitation of world’s resources and create
more and more employment , literacy , awareness and many other things .
In the absence of the funny money which is also energy like the real money
there would have been more focuss on primitive wars to control other countries resources which they now try to control through economic
carots . Still the under developed areas are developing and getting modernised .
Large number of companies world wide have come up because of their
banking of creating money out of thin air , Vnture capital funds , private equity and debt etc .
They have created large number of educated professional work bees globally
instead of primitive work class .
However Indian sages have always said that the spiritualism and materialism
should be equally balanced for true Karma Yoga .
Enormous amounts wealth , money , power and resources are being continously added by them as per your version .
What is the need for these beyond a point .
Do they only like this instead of enjoying their lives with their families . What ever the Universal Laws they might have known in advance they still are human beings with senses and emotions .
Or their agenda is to capture another planet for their migration at some point or expand their resources through these planets to increase their wealth on the earth .
Or they are still reporting directly to another civilisation or the fourth dimension .
Do they have the knowledge that the earth may explode and they need to escape to some other place .
If their knowledge of the universal laws is highly advanced then they know most of the things which others don’t .
Our sages have known and talked about these things long ago even before these people had probably landed on the earth .
These sages invented zero and the decimle for the mathematics of this world .
Your idea there is awakening of the cosciouness today is great .
This can bring back the spiritual and material balance .
With the many organisations promoting this globally is visible clearly .
The internet is also full of this .
With the reemergence of the female power it is becoming easier also .
Please think isn’t this also doctored that so many people research about them and openly write against the global elite and illuminati under their nose .
This is what may be suiting them to create fear and guilt in the world .
This gives them more superiority and power over others with free publicity
world wide to their advantage even if their agenda is much less or nil .
This also gives you lot of power to control minds of your fans through the
author and reader relationship .
Will the balance of spiritaulism and materialism work .
Since the evolution good and evil have been existing together even during the best golden periods of Satyuga .
I truly appreciate you again for bringing awareness and such a powerful piece of work full of information and knowledge .
Best wishes for your ongoing work .
www.currentnewsaffairs.com
Tags - David Icke , Author , And the truth shall set you free , Book , World wide
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Posted in CURRENT NEWS, FORTUNES, POWER POLITICS, INTERNET, ONLINE, MONEY, WEALTH, SUCCESS, WORLD AFFAIRS, INTERNATIONAL NEWS, US, INDIA, ZERO PATENT, MATHEMATICS, SCIENCE, SCIENTISTS, PHILOSOPHY, EDUCATION, ZERO, U.N, BLOGS | No Comments »
Thursday, March 8th, 2007
| The E`sob’story |
| March, 08th 2007 |
| The incongruity of the tax basis arises largely from the fact that, unlike in any other country, India now seeks to tax the employer for a benefit/income which accrues to the employee, most of it without the employer having granted it or having any control over it. |
The recent proposal in the Budget for levying Fringe Benefit Tax (FBT) on employers Employees Stock Option Plans (ESOPs) is a complete reversal of the policy on the issue in place over the last 5-6 years.
The current scheme exempts employees from taxation if they sell the scrips got in an ESOP plan within one year from exercise. The proposed amendment throws up issues of technical interpretations and the tax impact for the employer. Some of these may become clearer once the rules prescribing the Fair Market Value (FMV) for the purpose of valuing fringe benefits are notified. But till such time employers are saddled with a problem they never bargained for and will have to work out solutions to mitigate the unexpected problems.
This article aims to briefly list out the harshness or multiple-wammy created by the introduction of this new provision. It also looks at the reasons which seem to be prompting the Finance Minister to introduce such changes and suggest some alternatives which may lead to a more rational way of taxation, should the Finance Minister wish to take away the concessional tax treatment granted to ESOPs.
Key concerns
The key concerns from the employer’s perspective are:
To start with, the employer suffers a hit to its Profit and Loss Account of the notional benefits to the employee at the time of the grant of the ESOP, equal to the discount in relation to the prevailing market value.
While the P&L takes a hit, there is a question mark on the deductibility of such “expense” for the purposes of computing employer’s taxable income.
On top of that, the employer is required to pay the FBT not only on the discount at the time of the grant but also in the appreciation of the value of shares in future (over which the employer has no control).
To compound matters, such FBT paid by the employer is not tax-deductible and effectively equal to much higher post-tax expenditure.
Further, as a lot of these employees who receive ESOPs may be mobile and render services in different tax jurisdictions between the grant and exercise of the stock option, they may end up having tax obligation abroad on some part of the benefits arising out of the ESOPs. While they may not themselves suffer double taxation, there would be an economic double taxation on account of the FBT paid by the employer not being creditable against the tax paid by the employee abroad.
Lastly, foreign companies having presence in India by way of a branch/Permanent Establishment/ presence of employees may also end up having additional burden of tax by way of FBT on ESOPs, thereby substantially raising their effective tax in India.
Interpretational issues
Apart from the above, quite a few interpretational issues are being debated in industrial/professi onal circles, andinclude:
Will the FBT for employer be 33.99 per cent or a lower rate, based on valuation rules to be prescribed?
What is the cost basis for employee for the purposes of determining capital gains when the options are sold at a later date?
In fact, some quarters are also debating whether the proposed amendments will take away the obligation of the employees for payment of taxes on the stock option.
Can the employer contractually/ tax-efficiently recover the FBT from the employee?
Leaving aside the interpretation issues for the moment, it is suggested that, at a conceptual level, if the benefits of stock options are to be taxable, the levy must fall on the person deriving the benefit. Even where the benefit is sought to be taxed in the hands of the giver, it should be limited to the extent of the benefit granted and not beyond that. Such a scheme of taxation should also provide for matching deduction and credits so that economic double/multiple taxation is avoided. Unless such equity is bought about in the taxation, the concept of stock option may have a premature demise.
Suggested changes
In the light of the above, conceptually, the following changes should be considered by the Government in the scheme of stock option taxation:
The FBT on the employer, if at all, should be limited to the discount to the market value on the date of the grant, as is required to be debited in the books of accounts under the accounting standards/guideline s applicable.
Correspondingly, such expenditure should be clearly allowable as a deduction against the taxable income of the employer.
Any forfeiture of such options resulting in disentitlement for the employee and reversal of such benefits should culminate in a corresponding deduction in the FBT obligations in future.
The benefit to the employee in the appreciation of the share price over the exercise price may, if at all, be taxed in the hands of the employee at the time of the exercise. However, ideally, as the employee does not realise any gain at that stage, there should be no taxation then, but only post ultimate sale of shares. When such profit, which is in the nature of capital gains, accrues, it should be treated just like capital gains on shares, as applicable to any other investor.
Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively.
Nikhil Bhatia
(The author is Partner, BSR & Co, Mumbai.)
Observations
Nikhil Bhatia has rightly said
Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively.
Industry must protect the interests of the new generastion as the ESOPs are by and large given in the high tech areas of business . I f these are not protected there is a possibilty of more talent migrating from India to those countries where such taxes are not imposed .
The August body of Parliament must DISAAPROVE this proposal of the Honourable FM to allow the wealth creation by those who help companies create intellectual and physical properties which are the present and future wealth of our nation .
EVERYONE must read INDIA DEBATES-WHY SHOULD INDIA NOT GET THE PATENT OF “ARYABHATS” “ZERO at
http://blogs.mindbodynsoul.com/wp-admin/edit.php?paged=4
If you can’t support the R & D at least donot disturb whatever is going on .
Be Blessed
Her Holiness Maha Maya Ananta
http://www.mindbodynsoul.com
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Posted in CURRENT NEWS, FORTUNES, POWER POLITICS, INTERNET, MONEY, WEALTH, SUCCESS, WORLD AFFAIRS, INTERNATIONAL NEWS, INDIA, PATENT RIGHTS, ZERO PATENT, SCIENCE, PHILOSOPHY, EDUCATION, ZERO, BLOGS | 1 Comment »
Saturday, December 9th, 2006
I recently joined AGLOCO because of a friend recommended it to me. I am now promoting it to you because I like the idea and I want you to share in what I think will be an exciting new Internet concept.
AGLOCO’s story is simple:
Do you realize how valuable you are? Advertisers, search providers and online retailers are paying billions to reach you while you surf. How much of that money are you making? NONE!
AGLOCO thinks you deserve a piece of the action.
AGLOCO collects money from those companies on behalf of its members. (For example, Google currently pays AOL 10 cents for every Google search by an AOL user. And Google still has enough profit to pay $1.6 billion dollars for YouTube, an 18-month old site full of content that YouTube’s users did not get paid for!
AGLOCO will work to get its Members their share of this and more.
AGLOCO is building a new form of online community that they call an Economic Network. They are not only paying Members their fair share, but they’re building a community that will generate the kind of fortune that YouTube. But instead of that wealth making only a few people rich, the entire community will get its share.
What’s the catch? No catch - no spyware, no pop-ups and no spam - membership and software are free and AGLOCO is 100% member owned. Privacy is a core value and AGLOCO never sells or rents member information.
So do both both of us a favor: Sign up for AGLOCO right now! If you use this link to sign up, I automatically get credit for referring you and helping to build AGLOCO. http://www.agloco.com/r/BBBH2142
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Posted in CURRENT NEWS, FORTUNES, General, POWER POLITICS, INTERNET, ONLINE, HOME BUSINESS, MONEY, SUCCESS, WORLD AFFAIRS, INTERNATIONAL NEWS, US, INDIA, ZERO PATENT, MATHEMATICS, SCIENCE, SCIENTISTS, PHILOSOPHY, ASTRONOMY, EDUCATION, ZERO, COSMOS, PETROL, DIESEL, ELECTIONS, BLOGS, WEB | No Comments »
Saturday, November 4th, 2006
| Religion transcends science-Where science ends religion begins- ‘OSHO’ . This is a historical fact known and acknowledged by the world that India’s sage scientist ‘Aryabhat’ invented ‘ZERO’ ‘0’ .Zero is the most important part of the numerals without which the world cannot function.
In the ancient times because of lesser population and pollution, the skies of the universe were free from the cluttering thoughts, images and sounds of the human minds.
Indian sage scientists had direct communication with God the universal father and soul.
During Narsimha Rao’s government in India in the early nineties ,one small town lawyer raised this issue when the government of India signed the WTO and DUNCAN arrangements with world bodies .His raising the issue of the patent of ‘0’ ‘ZERO’ of India stormed the country . The news was blasted all over in the print and electronic media.
The issue created so much of heat that the parliament of India, the largest democracy in the world, was forced to take up this issue for discussion.
People say this hot news reached the White House in America while Bill Clinton was the president. President Bill Clinton asked his secretary of commerce to urgently arrange a top cabinet meeting to discuss the issue. In the meeting the president asked the secretary of commerce to explain the situation .She said that the world acknowledges the historical fact that Aryabhat the great Hindu sage scientist of India had invented the ‘0’ ‘zero’ on which today’s world economies and science functions. Infact nothing functions without ‘zero’.
The noble president of the U.S.A asked the lady, the secretary of commerce to express the amount of damage it could cause to the U.S.A if the Indians are granted the rights to the patent of ‘zero’.
She calculated and explained that Unites States of America would be sold to India within a week of granting them the patent of ‘zero’ due to the number of zero’s U.S.A punches every second. The entire U.S economy of trillions of dollars will be at the mercy of the Indians in South Asia.
All the members of the cabinet including the mighty president were stunned and stone freed for a few moments.
The president asked the lady in a low tone what can the Indians do if we do no grant them the patent of zero. She replied Mr. President we are the mightiest super power currently in this world on the planet earth. The Indians cannot do anything if we do not allow them the patent rights of zero.
President grinned and announced the meeting is dismissed and we’re not gonna allow them the patent ‘0’ at the cost of America’s future .Let them do what they can, if they can. Indians could not help it and the matter subsided.
The truth remains that Indian sage scientist not only invented ‘0’ but also invented decimal and calculated the distances from the sun and moon and other planets in our solar system without the scientific labs and the telescopes ,but through there meditative minds.
All true Indians worldwide are invited to rise and continue to participate in this greatest debate and give their comments on this blog, until it reaches its logical conclusion.
This can change the cause of history of the future.
Join into create a new history.
Love God, Love Yourself,
Be Blessed,
Her Holiness Maha Maya
http://blogs.mindbodynsoul.com
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Posted in CURRENT NEWS, General, INTERNET, ONLINE, SUCCESS, WORLD AFFAIRS, INTERNATIONAL NEWS, US, INDIA, PATENT RIGHTS, ZERO PATENT, MATHEMATICS, SCIENCE, SCIENTISTS, PHILOSOPHY, ASTRONOMY, EDUCATION, ZERO, COSMOS | No Comments »
