GST

• TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- In advance of the upcoming federal budget, Habitat for Humanity is calling on the Government of Canada to introduce measures that will strengthen the housing system, create housing supply, and allow non-profits like Habitat to significantly increase access to affordable homeownership for Canadian families.
• In many cases, affordable housing providers are paying more in fees and taxes back to governments than they receive in government funding to help build affordable homes.
• Land acquisition is one of the biggest barriers to creating affordable housing, and non-profit builders like Habitat must compete against for-profit developers to acquire it.
• “Budget 2024 is an opportunity to build a future where every Canadian has safe and decent housing,” says Julia Deans, President and CEO of Habitat for Humanity Canada.

• Among last year’s winners were said to be single parents, renters and first home buyers.
• It’s also how we talk about tax: winners and losers.
• It’s part of a way of thinking and reporting that makes changes that could actually help us all but impossible.

Confessions of a gun for hire

• What would matter would be the immediate “overnight” estimates of who would win and who would lose.
• So, presumably with a heavy heart, Henry developed a computer model that spat out nothing more than immediate winners and losers and ignored what the changes would do to Australia over the longer term.

Winners and losers are (almost) beside the point

• Henry says looking back it is easy to understand “why we did what we did”.
• He says Hewson’s package was a genuine attempt to break out of the winners and losers mindset and argue for changes on the basis they would benefit society.

‘A conspiracy against future Australians’

• They tell us the thing that matters most, making Australia work better, can’t really be spoken about.
• Here’s what Henry says really matters, and what he says he tried to address in his 2009 tax review.
• The things we ought to avoid taxing are income from work, the normal rates of return for businesses, and transactions.

What’s winning matters as much as who’s winning

• I’ll still report on winners and losers next month, but I’ll also aim to go deeper – to report on what’s winning as well as who.
• Read more:
  Former treasury head Ken Henry says we need 'big bang' tax reform rather than incremental change

Peter Martin is Economics Editor of The Conversation.

• Instead, ENTS will be developed on the Bitcoin Runes protocol, ensuring a robust and scalable foundation for the game's ecosystem.
• The project collaboration between Metasphere and Bluesphere will focus on delivering key components for "Ents World".
• Pursuant to the Agreement, Metasphere will develop a comprehensive presentation and website outlining Ents World's concept, features, and the impact on environmental restoration.
• As of the date hereof, to Metasphere’s knowledge, Fairfax (including its directors and officers) does not own any securities of Metasphere and maintains an arm's-length relationship with the Company.

• NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India when paying via their NRE accounts.
• This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.
• The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs.
• NRIs can also leverage Policybazaar's search and comparison engine to browse the best suitable plans as per their needs and preferences.