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Dutch property investors fear tax backlash from coalition agreement

first_imgDutch property could become less attractive to investors with the country’s new coalition government seemingly taking aim at the tax regime for direct investments, Dutch financial daily FD reports.One sentence in the coalition accord reads: “In connection with the abolishment of the dividend tax, direct real estate investments by investment organisations will no longer be permitted.”Experts quoted by FD warned that direct investors must cease investing, or transform themselves into a corporate-tax-paying company.Until now, property investment organisations have been exempt from paying corporate tax if they paid the full profit to their investors. The same institutions pay 15% dividend tax, although this can be reclaimed by pension funds.However, listed investment organisations such as Vesteda and Amvest, which predominantly invest in Dutch direct property on behalf of pension funds and insurers, are to pay 21% corporate tax as of 2020, the newspaper said.“I was flabbergasted when I read it,” Frank van Blokland, director of sector organisation IVBN, said. “This came totally unexpected and is very ill-considered.”He warned that Dutch pension funds would prefer investing abroad, something that would be at odds with the outgoing Cabinet having urged institutional investors to ramp up their local investments.“The political parties wanted to relieve corporate tax pressure on the one hand, but came up with something that disproportionally hits the sector on the other hand,” said Dirk Jan Lucas of NSI, which invests exclusively in Dutch property. “They can’t have meant this.”“I can’t imagine that the new government wants property to return less,” echoed Hans Janssen Daalen, director of Dufas, the Dutch Funding and Asset Management Association.Richard Beentjes, director of legal matters at Wereldhave, told FD that such a measure would “disadvantage the property investment climate in the Netherlands”.The coalition partners declined to comment to the newspaper.Property sector breaks new recordSeparately, a report has indicated the strength of demand for property in the Netherlands.JLL, a financial services provider for the property sector, said the Dutch real estate market was on its way to a record volume of investments this year.It noted that over the first three quarters, €14.8bn had been invested in direct commercial real estate – a 15% rise compared to the same period last year. The volume for the full year could exceed €20bn, JLL added, as there was still at least €4.5bn of transactions in the pipeline.JLL said the retail market was slightly behind in this trend, but forecasted that retail would also perform strongly this year, because some large portfolios were still in the process of being sold.Dré van Leeuwen, JLL’s head of capital markets, said the demand for Dutch property was “extraordinary” and exceeded real estate on offer.“For most buildings and portfolios we have sold recently, there was €5 available on average for every investable euro,” he added.Van Leeuwen observed that the continuing large demand had led to ever-decreasing initial returns, but added that Dutch real estate “still offered an attractive premium relative to [cities] like London, Paris, Berlin and Frankfurt”.last_img read more

Negros bus firm seeks police’s help to enforce social distancing

first_imgSeballos also appeal to local officials of the respective LGUs, where the Ceres bus terminals. Seballos explained that they have rules and regulation being implemented and part of it is the wearing of face mask and social distancing aside from that they have manifesto, wherein each of the passengers will write their names before boarding the bus for contact tracing in case there will be Covid-19 case passenger. Photos showing the number of people who flocked to the terminals went viral online where social distancing and crowd control were not observed.Jade Seballos, media relations officer of VTI, said they will coordinate and ask the assistance of the police to help them enforce health protocols under the directive of by Gov. Eugenio Jose Lacson, extending the duration of the general community quarantine (GCQ) in the province until May 31. The company also limits the number of passengers due to social distancing inside the bus. The national Inter-Agency Task Force on emerging and infectious diseases classified Negros Occidental as low risk and recommended GCQ, thereby allowing the gradual opening of offices, business establishments and transportation services./PNcenter_img This was following the influx of the passengers at the Ceres Terminals yesterday; the first day after the VTI resumed their operation in several areas in the province.  “The management made an appeal to the Philippine National Police and the LGUs because even they have security guards deployed in the respective terminal, most of the passengers did not observed,” she said. BACOLOD City – Vallacar Transit Inc. (VTI), operator of Ceres buses, is appealing to the Negros Occidental Provincial Police Office (NOCPPO) and all the local government units (LGUs) to help enforce of the social distancing at terminals situated in several areas of the province.last_img read more

MLAX : Orange defense working to build chemistry, jell early in season

first_imgWithout three key pieces from Syracuse’s vaunted defense last year, the new-look unit got off to a slow start during fall practice. The players needed time to jell into one unit and over time they did.Against Hofstra in the team’s first scrimmage, they got off to a slow start again, struggling to communicate through the Pride’s screens inside. But the inexperienced defense worked to fix the problem and turned in a solid performance on Sunday.‘We played well, but we have to understand that offense is going to get better as the season goes on, so we have to get better, too, and still work as a team,’ SU defenseman Joe Fazio said. ‘It’s a new group of guys.’The new group supporting starting goaltender Matt Lerman must replace four starters, including two All-Americans, from a defense that was arguably the best in the nation the last two years. Close defensemen John Lade and Tom Guadagnolo are gone along with defensive midfielder Joel White. They combined to stifle opponents time and time again throughout their careers.Only Brian Megill returns from the standout unit, making the defense an unknown heading into the season. Though the stars of the past will be hard to replace, the cast of current players, including Fazio and David Hamlin, are hungry to prove themselves as worthy replacements.AdvertisementThis is placeholder textTheir first chance came Sunday in scrimmages against Hofstra and Le Moyne. Overall, the unit came away optimistic about its play, holding both teams to five goals in two victories for the Orange.Still, SU head coach John Desko and his players realize the defense has a long way to go this season.‘We’re making some mistakes. They’re to be expected this time of year,’ Desko said. ‘We need to improve, but I’m fairly happy with what we saw. But we’ve got to get better and get rid of some of our mistakes.’The mistakes often came as a result of miscommunication on the field. Though Hamlin said it has improved greatly since fall practice, the players are still developing that on-field chemistry that made the past Syracuse defenses great.Hamlin said last year’s defensive players were best friends on and off the field, and he could see that come into play on game day. It’s something the current group is striving to build this season.And this year’s unit is continuing another tradition its predecessors started last season.As the defensemen try to stick together and communicate on the field, they aim to form ‘the forest,’ to frustrate opposing offenses.‘That was just all the defensemen getting their sticks up and knocking down the passes, so you can’t throw through the forest, we like to say,’ Hamlin said. ‘So that’s just a tradition that we’re trying to hold onto.’That concept contributed to a defense that became the face of Syracuse lacrosse the last two seasons. The Orange ranked first in the nation in scoring defense in 2010 and third last season. SU also set a school record for man-down defense efficiency in 2011.Assistant coach Lelan Rogers said the cohesiveness of that group made it special. Those players trusted each other out on the field and communicated at all times. And now Hamlin, Fazio and the rest of the newcomers are trying to develop the same chemistry.‘The communication and just the jelling of the defense are critical,’ Rogers said. ‘And that’s what we’re going through right now. In the fall we did the same thing. We’re trying to mix and match and find the right guys who work well together.’With the past as a model of success, the 2012 SU defense is looking to find the right combination quickly to continue the tradition.And Fazio feels he and his teammates are well on their way to accomplishing that goal. He already describes the defense as a tight-knit group that is only going to grow closer every week.And like the defense did against Hofstra on Sunday, he expects the unit to adjust and improve with every game.‘As time goes on, we’re only going to get better, only going to become closer,’ Fazio said. ‘The guys that we saw in the past, we’ve always looked up to. … They were all together as one, and we’re trying to recreate what they had.’[email protected] Comments Published on February 7, 2012 at 12:00 pm Contact Ryne: [email protected]center_img Facebook Twitter Google+last_img read more

Week 8 college football previews and predictions

first_imgAfter a couple weeks with all of the marquee matchups involving the SEC, the ACC, the Big 12 and independent Notre Dame step into the forefront. Here are our predictions for the biggest games of the upcoming Saturday in college football.#5 Notre Dame (6-0) at #2 Florida State (6-0)The biggest matchup of the week pits two top-5 programs both looking to shed their “overrated” label. The Fighting Irish, despite holding an undefeated record up to this point, have their success in question after a 50-43 win against North Carolina. Meanwhile, this game is treated as a must-win for the Seminoles, as this would be the only top-5 team and just the second ranked team the Seminoles have played this season. They defeated then No. 22 ranked Clemson 23-17 in overtime on September 20 without Jameis Winston. The Irish, meanwhile, have one ranked win to their name (17-14 against Stanford), and still have Arizona State and USC to bolster their strength of schedule.The key to this game for each time will be their quarterbacks: Notre Dame’s Everett Golson (1892 total yards, 20 total TDs) and Florida State’s Jameis Winston (1605 passing yards, 11 TDs). Whichever one is more capable of making big plays, as well as avoiding mental errors, will be the one that comes out on top. Notre Dame, is 8th in the nation in points allowed per game at 17.2, but their last performance gives the impression that Winston and the Seminoles should be able to put up enough points to try and win back the No. 1 ranking.Prediction: Florida State 38, Notre Dame 35#21 Texas A&M (5-2, 2-2 SEC) at #7 Alabama (5-1, 2-1 SEC)The Aggies have fallen on hard times the past couple weeks, as they’ve lost to Mississippi State and Ole Miss by a a combined 32 points after starting 5-0. Quarterback Kenny Hill is 2nd in the FBS with 2,511 passing yards and 23 touchdown passes, but costly turnovers (5 interceptions in the last 2 games), and a porous defense have caused the Aggies to fall from the top 10.Luckily for A&M, Alabama in a similar situation, having scored a combined 31 points in their last two games in a 23-17 loss to Ole Miss and a 14-13 win against an Arkansas squad still without a win in the SEC. Going in the Tide’s favor is an improving quarterback in Blake Sims, a two-headed monster at running back with T.J. Yeldon (550 total yards, 3 TDs) and Derrick Henry (541 total yards, 4 total TDs), and the best wide receiver in the country in Amari Cooper (768 receiving yards, 5 TDs). They also have the advantage on defense, which should be able to force Kenny Hill into mistakes. The offense should be able to bounce back and put up some points in Tuscaloosa, forcing Hill to overcome his recent struggles and lead his team out of the slump.Prediction: Alabama 38, Texas A&M 28#14 Kansas State (4-1, 2-0 Big 12) at #11 Oklahoma (5-1, 2-1 Big 12)The last time the Wildcats traveled to Norman in 2012, they upset the then No.6 ranked Sooners 24-19. The Wildcats have proven this season that they can handle tough competition, keeping it close against Auburn en route to a 20-14 loss. This time around, the two teams are very evenly matched, with almost identical points per game numbers (40.8 for Kansas State, 40.5 for Oklahoma) and points allowed (21.0 for Kansas State, 21.5 for Oklahoma.)In order for the Wildcats to leave Norman with another win, they’ll need their defense to play like it did against Auburn and shut down Sooner running back Samaje Perine (568 rushing yards, 9 TDs). If the Wildcats can force Trevor Knight (1503 passing yards, 6 TDs, 5 INTs) to beat them with his arm, while getting plenty of production from quarterback Jake Waters (1526 total yards, 13 total TDs), the Wildcats can pull it off again.Prediction: Kansas State 31, Oklahoma 27#15 Oklahoma State (5-1, 3-0 Big 12) at #12 TCU (4-1, 1-1 Big 12)The Cowboys are coming into this contest on a roll, having won their last five games by an average of just over 16 points per game after losing their opener 36-31 against then No. 1 Florida State. Meanwhile, the Horned Frogs will be eager to get back on the field after blowing a 21-point lead in the final 11 minutes against Baylor and losing 61-58. TCU, led by emerging quarterback Trevone Boykin (1768 total yards, 13 total TDs), has an offense that is ranked third in the nation in points per game at 45.8 and a passing attack ranked 12th with 325.2 yards per game. The big question for TCU is whether or not their defense can get back to their early-season dominance, or remain the defense that gave up 61 to the Bears. Personally, I’d expect them to get back on the right track, while Boykin provides the offense necessary to earn the bounce-back win at home.Prediction: TCU 45, Oklahoma State 30#23 Stanford (4-2, 2-1 Pac-12) at #17 Arizona State (4-1, 2-1 Pac-12)The most notable matchup in the Pac-12 this week pits two teams with opposing mindsets, matching a tough and physical Stanford team with the more explosive Sun Devils. Both sides are dealing with injury woes, as the Cardinal will be without their second-leading receiver in Devon Cajuste (243 yards, 3 TDs), while the Sun Devils are unsure of the status of quarterbacl Taylor Kelly (793 total yards, 11 total TDs), as well as running back D.J. Foster (833 total yards, 7 total TDs). Mike Bercovici (1077 yards, 9 TDs, 2 INTs) has done a good job filling in for Kelly, but Stanford comes in with the nation’s top scoring defense, only allowing 10.0 points per game, and the lack of a running threat at quarterback could work against the Sun Devils. The Sun Devils will keep it interesting, but Stanford quarterback Kevin Hogan (1325 yards, 11 TDs, 4 INTs) should lead his offense to put up enough points to pick up the win.Prediction: Stanford 24, Arizona State 20Colorado (2-4, 0-3 Pac-12) at #22 USC (4-2, 3-1 Pac-12)The Trojans have had a week to celebrate their victory over a then-Top 10 Arizona team last week. They’ve also had some time to look back at the past couple weeks, where the Trojans have been outscored 33-14 in the fourth quarter. They’ll look to get on track against a Colorado team that is 109th in the nation in points against per game at 35.7, and who is still looking for their first conference win of the season.  The Buffaloes’ passing attack, which ranks 14th in passing yards with 320.3 yards per game, is headlined by quarterback Sefo Liufau (1887 passing yards, 19 TDs, 7 INTs) and wide receiver Nelson Spruce (732 receiving yards, 10 TDs).On defense, the Trojans will hope their secondary is healthy enough to stop this dangerous duo, and hope for explosive plays from Su’a Cravens and Leonard Williams. On offense, USC will need to feed the ball to running back Javorius “Buck” Allen (1059 total yards, 8 total TDs) to wear down the Colorado defense and prevent Colorado from making this too close.Even though it has a familiar feel to the upset loss against Boston College, with USC coming off a win against a top-15 Pac-12 team on the road, facing a weaker team than the Eagles at the Coliseum, rather than flying cross-country, should keep USC from experiencing too much déjà vu.Prediction: USC 38, Colorado 17last_img read more

Ind vs SA 2nd Test Day 3 Review: India clean up the visitors with…

first_imgImage Courtesy: Hindustan TimesAdvertisement ecNBA Finals | Brooklyn Vsuy7hlWingsuit rodeo📽Sindre E6sw2( IG: @_aubreyfisher @imraino ) 6hoviWould you ever consider trying this?😱9kxi9goiCan your students do this? 🌚yesjnRoller skating! Powered by Firework After batting for almost two days straight, India showed their lethal touch with the ball as well on Day 3 in Pune. Virat Kohli has a decision to make with the option of follow-on available as well heading into the penultimate day of the clash.Advertisement Image Courtesy: Hindustan TimesHaving cleaned up the top order on the second day itself, the Indian seamers took things right from where they had left. Two quick wickets left the Proteas reeling at 53-5 before captain Faf Du Plessis and Quinton de Kock joined forces to do some damage control.The 75-run stand for the sixth wicket was broken by Ravichandran Ashwin after managing to bamboozle Quinton de Kock all over. The spinners took things over to pick up the remaining wickets despite heavy resistance from the tail order.Advertisement Keshav Maharaj and Vernon Philander were involved in a massive 99-run stand for the ninth wicket. The spinner managed to get his maiden fifty in the process as well.Maharaj was eventually dismissed for 72 while Philander stayed unbeaten for 44 for which he faced 192 deliveries.Advertisement At Stumps on Day 3, South Africa’s first innings ended with the wicket of Kagiso Rabada. The Proteas managed to score 275, handing India a lead of 325 runs.Read Also:Indian batsmen pile on the misery as they milk South African spinners for over 900 runs in this test series so farAnil Kumble takes KXIP reins as head coach for IPL 2020  Advertisementlast_img read more

Riley Remembered at Fair Haven Fields Pickleball Festival

first_imgPhotos by Patrick Olivero FAIR HAVEN – The inaugural annual Pfc. Jamie Riley Pickleball Festival was a resounding success, according to organizers. The event raised over $13,000 through donations, fees and gift baskets to help fund the Knollwood School’s eighth-grade trip to Washington, D.C. and to contribute to ThanksUSA, which funds need-based scholarships for military families. The event, named in memory of Riley, who died in an Army training exercise at age 21, began with a patriotic ceremony with color guard and remarks by the mayor, police chief and members of the Riley family. Pickleball games were played on 12 courts by 110 contenders. A table displayed 40 gift baskets. The event was sponsored by the Women’s Pickleball Association with support from the Monmouth Pickleball Club.last_img read more

Cellar-dwelling TWU shocks Saints 2-1, ends unbeaten streak at 13

first_imgThe Selkirk Saints probably knew their winning streak would come to an end someday.But against the last-place Trinity Western Spartans?The Fraser Valley gang scored goals in the first two periods, then held off a late Selkirk rally to edge the Saints 2-0 in B.C. Intercollegiate Hockey action Friday at the Castlegar Arena Complex.The loss ends the Saints unbeaten streak at 13 games.Selkirk owns the BCIHL record for the longest winning streak in league play. “We came out slow tonight, gave up a pair of goals directly off turnovers and couldn’t generate the offensive chances that we needed to get back in the game,” said Saints head coach Jeff Dubois after the loss.”TWU battled hard all night and took full advantage of a couple of mental errors on our part. Hopefully we’ll take some hard lessons from tonight and come back with a strong effort on Sunday.”Cody Stephenson in the first period and Trevor Beaupre with a power play marker in the second was all the scoring Trinity Western would need.TWU then turned the game over to netminder Tim Zwlers who stopped all but one of the 48 shots fired at the Spartans by the Saints.Connor McLaughlin is the lone Saint to beat Zwlers.The Saints still lead the BCIHL standings by five points over Simon Fraser University.Selkirk travels to Eastern Washington on Sunday for a 3 p.m. faceoff.last_img read more