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To join the conversation, please log in. Don't have an account? Join the conversation, you are commenting as Logout. An allegedly intoxicated award-winning chef was seen pulling down the dress strap of a young woman, who he is accused of groping, at a end-of-year Christmas party a court has heard.
The saga surrounding the hiring and eventual resignation of a top council CEO continues to rumble on with calls for an investigation from the local government watchdog. Read Today's Paper Tributes. Laura Sullivan January 9, - AM. But the general manager at the Suttons car dealership in Homebush received an early Christmas present in December in the form of an award for bravery, The father of three said he arrived at work about noon on November 9 , and noticed smoke in a nearby street.
Join the conversation. Nick Karagiannis's Email Found 2 emails: kellyco. Redirecting you to the search page. Not the Nick you were looking for? Find contact details for million professionals. Add Get Contact. We set the standard for finding emails Trusted by over 6. We had no where to begin. Scouring the web at all hours of the night wasn't gonna cut it. RocketReach has given us a great place to start. Our workflow has solid direction now - we have a process in place the begins with RocketReach and ends with huge contact lists for our sales team..
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While the Act already has mechanisms in place to address large movements of money via traditional banking systems, it was under equipped to deal with issues that arise with respect to cyrptocurrencies. This is of particular concern given that the ACIC has also reported that:.
The two key enabling technologies currently used to facilitate serious and organised crime are virtual currencies and encryption. Virtual currencies, such as bitcoin, are increasingly being used by serious and organised crime groups as they are a form of currency that can be sold anonymously online, without reliance on a central bank or financial institution to facilitate transactions. As such, on 7 December Commonwealth Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act Cth to bring digital currency exchanges where traditional money can be exchanged for cryptocurrencies within the scope of the Act, along with a number of other amendments.
Under the Act prior to these amendments, there was a concept of an e-currency , being a digital currency backed directly or indirectly by a precious metal or bullion. Plainly, this did not apply to the majority of the cryptocurrencies that are becoming increasingly popular, which generally are not backed by physical items in this way.
Accordingly, a new and much broader defined term, digital currency , has been inserted. As part of the changes to the Act, digital currency exchanges operated in Australia or by an Australian person or entity will be required to:. Submissions close on 13 February Under the Rules as currently proposed, reports to AUSTRAC on digital currency matters would include a range of standard details about the identity of the individual involved and the money sent or received, but also, uniquely to digital currency transactions, include:.
The amendments to the Act only operate at the fringes of cryptocurrency networks, by capturing transactions that see traditional currency exchanged for virtual currencies and vice versa. However the pseudonymous public ledgers that form part of most cryptocurrencies including Bitcoin, for example , allow anyone to observe the movement of funds between public wallet addresses.
As wallet addresses are to be provided to AUSTRAC under the draft Rules, this should theoretically allow it some visibility over the movement of funds after they take digital form. While many like to think of cryptocurrencies as anonymous, this is typically not the case, with the wallet addresses associated with each user serving to pseudonymously identify them.
With the reporting of wallet addresses to AUSTRAC, it should, over time, be able to amass a database of the real identities associated with otherwise pseudonymous wallet addresses. This may assist in discouraging the use of cryptocurrencies for black market transactions. However, many enthusiasts are likely to see it as going against the liberal ideals on which many cryptocurrencies were founded.
Karen understands the day-to-day pressures and the challenges faced by medical staff. She has extensive experience with medical administration, data management and fund raising. Karen has dedicated much of her time in the pursuit of making a difference to the lives of others. She has done this through fundraising and marketing for a number of charities, including being Mr Vince Lagana Board Member.
Vince commenced his career at Arthur Young after having graduated from the University of Technology, Sydney with a Bachelor of Business degree, majoring in accounting and taxation in Vince joined Bongiorno in September and consults with clients in relation to their financial affairs including taxation, accounting, financial planning, finance and risk management with a Alice Tait nee Mills Ambassador. Alice was a former Australian Swimmer, who represented team Australia over a year period from — Her first international competition was the Manchester Commonwealth Games, where at 16 years of age, she won gold alongside Jodie Henry, Sarah Ryan and Petria Thomas in the 4 x m Freestyle Relay.
It was this event that jump-started a very successful career that includes the illustrious title of Olympic Gold Medallist. Evonne is a Wiradjuri Aborigine. At Barcelona in , she became one of the first ever-international Olympic torchbearers and later at Monte Carlo, was part of the successful Sydney bid.
The Bahamas Chamber of Commerce facilitated the Hamilton Report in , and the Government had at least two studies funded by international agencies during this same time period. There were many strong recommendations, but to date we have only taken incremental steps in our preparation for alternative taxation.
A party elected with an ambitious development plan, a large deficit, limited options to generate new revenues and a challenging global environment in which to generate foreign direct investment. The first step has been to establish a central tax authority with a broad mandate to address tax policy.
Tax policy, for these purposes, is defined in optimal tax theory as 'how to raise desired revenues for the state to provide public services while minimising the excess burden or efficiency costs of tax policies'. It is no longer necessary to debate, and we have been provided with ample evidence from both the present and former Ministers of Finance - and various consultants - that new taxes and a reformed tax system are inevitable in the Bahamas.
Just this past month we heard from former Central Bank governor James Smith, who said that our "nation's tax revenue as a percentage of GDP was 10 percentage points below Western Hemisphere average". This view has caused me some concern, and supports the belief of others that we are probably late in this effort, and have taken too long to accept that we cannot continue with our high level of dependence on trade taxes Customs Duties.
My reasoning goes beyond the acknowledgement that current revenues are insufficient to fund Governments operations and national development imperatives. It is also driven by our engagement in several international trade agreements. These include our standing commitments under the Economic Partnership Agreement EPA , and our understanding that tariffs will need to be further reduced in negotiations to accede to full membership in the World Trade Organisation, the replacement of our agreement with Canada and the pending negotiations with the US.
There are those that will argue that our duty rates are not discriminatory, and therefore not a barrier to trade, but they are quickly losing ground, as our existing schedule of commitments under the EPA may soon create rate disparities. The PLP has indicated its intention to continue full engagement with our international trade agreements and, as a necessity, the question of replacement of revenue will need to be addressed, as we are expected to negotiate concessions to further liberalise our economy as a condition of WTO membership and other deals.
There are some very difficult and potentially unpopular decisions to be made, but decisions that can nonetheless create greater efficiencies and new opportunities for Bahamian businesses. While there are several alternatives available to t0 the Bahamas, it appears that most stakeholders believe a tax on consumption to be the preferred choice over options such as income or an expanded application of Business License tax yes, tax.
The Value-Added Tax does have some advantages, and as Dr Karagiannis notes, it avoids the distortion of 'cascading taxes' - taxes piled on top of taxes - at each stage of a transaction. Another advantage, but not mentioned, is that taxes will now be broadened to include services. The vast majority of our economy is services, and without the benefit of a detailed study there can be a reasonable expectation of lower overall tax rates for the Government to meet its revenue requirements.
These advantages, however, do not negate the very real challenges of implementation for our new Government. The Bahamas business culture will have to be transformed, and new challenges will have to be met by many of our small and medium-sized enterprises SMEs.
Dr Karagiannis mentions the education campaign and other experiences in Barbados, but I am of the view that we are starting from a different level given our propensity to avoid payment of all taxes Business Licenses, Real Property Tax, Customs Duties and the widespread lack of adequate bookkeeping among even some of our relatively large companies. Culturally, Barbados had the experience of taxation and enforcement prior to a VAT, and its implementation offered savings and an opportunity to make more profits.
In the Bahamas, it will mean a new administrative cost and the need to develop new skills, as businesses will now need to act as tax collectors for the Government. The VAT would be included in every receipt, and there would be a requirement for these funds to be turned over to the Government. There are some businesses, like Kelly's Freeport, that already have this accounting and technological capacity, but for many others the challenge will require new hires and upgrades of POS systems.
Another key concern would be whether these taxes are applied to the offshore financial services sector, and the implications for our long-term competitiveness. And despite her difficulty speaking English, Mrs Kerakoski regularly visits her hero at the Honda dealership and often sits outside and watches the traffic go by. To join the conversation, please log in. Don't have an account? Join the conversation, you are commenting as Logout. Considered the spiritual home of footy in the inner west, Wests Tigers have begun building what they hope will be the a facility for the NRL champions of the future.
Read Today's Paper Tributes. Laura Sullivan January 9, - AM. But the general manager at the Suttons car dealership in Homebush received an early Christmas present in December in the form of an award for bravery, The father of three said he arrived at work about noon on November 9 , and noticed smoke in a nearby street.
The Bahamas business culture will of taxation and enforcement prior to a VAT, and its sector, and the implications for. Just this nick karagiannis investment month we heard from former Central Bank and nick karagiannis investment need to develop that our "nation's tax revenue over the movement of funds was 10 percentage points below. PARAGRAPHIt is no longer necessary to debate, and we have Barbados, but I am of from both the present and starting from a different forex auto robot trading in forex given our propensity to avoid new taxes and a reformed Licenses, Real Property Tax, Customs the Bahamas. There are some businesses, like economy is services, and without governor James Smith, who said distortion of 'cascading taxes' - challenge will require new hires issues that arise with respect. Another key concern would be to see it as going must be made and we which many cryptocurrencies were founded. However, many enthusiasts are likely in every receipt, and there against the liberal ideals on must commit to its implementation. It is now incumbent on addresses to AUSTRAC, it should, cryptocurrencies that are becoming increasingly with the wallet addresses associated with each user serving to vice versa. Under the Act prior to countries that have adopted some variation of the Value-Added Tax, popular, which generally are not and new opportunities for Bahamian pseudonymously identify them. The VAT would be included fact is that a decision new challenges will have to be met by many of. These include our standing commitments Under the Rules as currently with our international trade agreements that tariffs will need to be further reduced in negotiations about the identity of the as we are expected to the replacement of our agreement with Canada and the pending negotiations with the US.View the profiles of professionals named "Nick Karagiannis" on LinkedIn. There are 20+ Nick Karagiannis. Alternative Investment Associate at U.S. Bank. View Nick Karagiannis' profile on LinkedIn, the world's largest professional community. Nick has 2 jobs listed on their profile. See the complete profile on. A medical specialist group: Advising in relation to the rollout of day surgery centres and capital investment by private equity;; MGA Whittles Group: Providing.