Jermell Charlo will put his WBC belt and unbeaten record on the line when he faces Austin Trout on the Leo Santa Cruz-Abner Mares card. Charlo can scout Trout by watching video of Charlo’s twin brother taking on the challenger.
Abner Mares is still carrying the weight of his 2015 loss to his fellow Angeleno. He has a chance to gain bragging rights (and, more importantly, another belt) in both men’s back yard.
Max Scherzer appears to be well on his way to contending for a third straight Cy Young award.
The Capitals’ tough guy and Real Madrid’s rough-and-tumble captain make no apologies for play that looks dirty to observers. Wilson is about to raise the Stanley Cup and Ramos hoisted the Champions League trophy.
“I don’t think I’m the problem that they want, though, might want to pick another battle.”
Kathmandu, June 5
The country’s sole secondary market saw zero trading today due to the agitation of stock investors against the circular of the Inland Revenue Department that changed the method of calculating capital gains tax from Sunday.
No trader placed any order to ‘buy’ or ‘sell’ at Nepal Stock Exchange (Nepse) today though the brokerage firms had kept their offices open. Nevertheless, the country’s only trading bourse and CDS Clearing Ltd had remained open for business throughout the normal trading hours today, that is, from 11:00 am to 3:00 pm.
Ambika Prasad Poudel, chairman of Nepal Investors Forum, said that trading was halted automatically at the behest of the investors against the government’s move to fix Rs 100 as the base price of per unit bonus and rights shares and enforce 7.5 per cent tax on the difference of actual price of the shares traded and the base price.
“Our protest will continue till the government withdraws its circular of taxing share traders irrespective of whether he or she has made a profit or not,” Poudel said.
As the talks with the joint secretary of the Economic Policy Analysis Division of the Ministry of Finance ended inconclusively on Monday, investors had decided to intensify their agitation by halting share trading from today.
Though the revenue secretary was expected to meet share investors today, there was no such call after the investors launched their protest programme.
Earlier, the government used to enforce five per cent CGT on the trade of bonus and rights share in the secondary market. Along with the increase in the CGT to 7.5 per cent through the federal budget 2018-19 on May 29, the tax administration had also changed the CGT calculation method.
Earlier, the CGT used to be enforced on the income made from the difference in actual price of share traded and adjusted base price of stocks. Adjusted base price of the stock means the price of stock immediately before book closure plus the value of share received from rights and bonus divided by the number of shares.
“We have no issues on the government’s decision to increase CGT rate, but we have strong reservations against the change in the calculation method,” said Poudel.
He argued that along with the increase in supply of shares, stock prices have been falling rampantly and investors have been incurring losses in recent months. “In this context, the government should understand the scenario of market and withdraw this rule,” he added.
Earlier, traders had to pay tax only on the profit earned from trading of bonus and rights shares. But the new provision compels share traders to file CGT whether or not they earn profit from selling their shares, as the base rate of per unit bonus and rights share is fixed at Rs 100, according to investors.
Meanwhile, the government has formed a study committee to look into the grievances raised by the share investors. According to Revenue Secretary Shishir Kumar Dhungana, the committee tasked with policy recommendation comprises of Joint Secretary at Economic Policy Analysis Division Uttar Kumar Khatri, Joint Secretary at Revenue Division Ram Sharan Pudasaini, Director General of IRD Bishnu Prasad Nepal and representatives from Securities Board of Nepal, Nepse and CDS Clearing Ltd. The committee has been asked to hold consultations with investors as well while preparing the report.
“The government will make a decision based on the recommendation of the report that is to be submitted after two weeks,” said Dhungana, adding that the IRD circular will not be withdrawn till the report is submitted.
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MOSCOW: World Cup hosts Russia squandered the lead to draw 1-1 with Turkey in Moscow on Tuesday, extending their winless streak to seven matches in their last friendly before the tournament kicks off next week.
Stanislav Cherchesov’s side took the lead in the 36th minute as Spartak Moscow’s Alexander Samedov effortlessly chipped Turkish goalkeeper Serkan Kirintili after Alan Dzagoev fed him a short pass in the box.
The goal was not enough, however, to give Russia a much-needed and morale-boosting win heading into their opening World Cup match against Saudi Arabia on June 14.
Turkey substitute Yunus Malli, who plays for VfL Wolfsburg, equalised in the 60th minute, beating veteran goalkeeper Igor Akinfeev with a 25-metre strike, one of Turkey’s few chances of the match.
Despite energetic midfield performances from 22-year-old playmaker Alexander Golovin and Spartak Moscow’s Roman Zobnin in the first half, the team struggled to link up with striker Fedor Smolov and failed to create chances.
Turkey, who did not qualify for the World Cup finals, nearly added a second goal in the 79th minute when Malli’s shot floated just over the crossbar.
Russia are 66th in the FIFA rankings, the second lowest-ranked team in the 32-nation tournament. They have yet to reach the World Cup knock-out stage in the post-Soviet era.
They will face Saudi Arabia, Uruguay and Egypt in Group A at the World Cup.
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Plenty of fans are keen to know whether they can buy or sell tickets outside of official channels
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