The Freebird Times

Acadia may just do the same!

Same Sex Marriage Bill Passes

Same Sex Marriage to be Legalized in all Shayden States

The Federal Council has passed a Bill which would legalize same-sex marriage in all Shayden states. Representatives call this: "An victory for equality", and the President is expected to sign the bill into law with no objections.

Shayden, unlike the US, is moving forward!

woooooo!

Countries need stronger laws to crackdown on tax abuse: OATE

SMITH CITY, SHAYDEN: Countries need to strengthen their taxation rules to prevent companies from abusing provisions, including those in bilateral treaties, to artificially reduce their taxes, according to Troy-based think tank OATE.

'Action Plan on Base Erosion and Profit Shifting (BEPS)' report, prepared at the request of USNW grouping that includes Bergenstein, comes against the backdrop of rising concerns that many corporates are paying lower taxes, compared to their earnings.


"National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes," the Organisation for Economic Co-operation and Development (OATE) said today.

The elaborate report, being presented at the USNW finance ministers' meeting starting today in Francistown, suggests 15-point action plan that would give governments the domestic and international instruments to prevent corporations from paying little or no taxes.

Among the actions suggested are prevention of abuse of taxation treaty between countries, making entities disclose their aggressive tax planning arrangements and the need to address the challenges of digital economy.

OATE has called for developing model treaty provisions with respect to design of domestic rules to prevent granting of treaty benefits in inappropriate circumstances.

"Work will also be done to clarify that tax treaties are not intended to be used to generate double non-taxation and to identify the taxa policy considerations that, in general, countries should consider before deciding to enter into a tax treaty with another country," the report said.

Bergenstein is in discussions with many countries, including Shayden, to re-work existing bilateral tax treaties amid concerns that entities are misusing them to escape taxes.

"Closer international co-operation will close gaps that, on paper, allow income to 'disappear' for tax purposes by using multiple deductions for the same expense and 'treaty-shopping'. "Stronger rules on controlled foreign companies would allow countries to tax profits stashed in offshore subsidiaries," OATE noted.

OATE Secretary General William G. Vincent said international tax rules are now being abused to permit double non-taxation. "International tax rules, many of them dating from the 1920s, ensure that businesses don't pay taxes in two countries -- double taxation," he added.

Describing the plan as a "turning point in the history of international tax co-operation", Gurria also said it would help countries to prepare co-ordinated and comprehensive standards to prevent base erosion and profit shifting. The suggested roadmap would allow governments to collect the tax revenue they need to serve their citizens besides giving certainty for businesses, OATE said.

"Domestic and international tax rules should relate to both income and the economic activity that generates it.

"Existing tax treaty and transfer pricing rules can, in some cases, facilitate the separation of taxable profits from the value-creating activities that generate them," it noted.

The plan aims to ensure that taxable profits cannot be artificially shifted, through the transfer of intangibles (eg patents or copyrights), risks or capital, away from countries where the value is created.

"Greater transparency and improved data are needed to evaluate, and stop, the growing disconnect between the location where financial assets are created and investments take place and where multinational enterprises report profits for tax purposes," OATE said.

Besides, requiring taxpayers to report their aggressive tax planning arrangements and rules about transfer pricing documentation, among others, would help governments identify risk areas. "And making dispute resolution mechanisms more effective will provide businesses with greater certainty and predictability," it added.

In the wake of global economic slowdown, USNW grouping have been working on ways to crackdown on tax havens and increase tax collections to boost overall growth.

Bunch of confusing stuff if you ask me

Lol, Acadians hate taxes with a passion.  But, from what I can understand out of this, I think I agree with it.

Bergenstein Economic Unstability Grows Stronger


Investiments are expected to slow down drastically in Bergenstein after Financial Secturities
announced Friday night that it has downgraded the country's credit rating for a second time
this week, lowering it to a B rating.

"The lack of economic stability from State Currencies and low regulation, followed by the
denial of economic problems by Bergenstein Government causes major trust problems toward
the country," said Cecil Pruitt, head of the F.S. government debt rating unit.

This comes after Sinope demands to the Bergenstein Government to fix their economic
unstability in order to improve relations.

It should be noted that late last month Sinope scoulded Acadia, Okaiken, and Shayden for
demanding Bergenstein reform.

Shayden has decided it will not sanction Bergenstein, but will instead place measures that
will complicate and severely cut investments toward Bergenstein.

Bank Robbery Failure, Loyalists to Blame
By: Eric A. Mitzel

TRIGO, TESLA: The lack of Loyalist Front power in Euphemia shows
after an attempted bank robbery by them ends in a major failure. Ten
individuals, all with illegal automatic rifles, entered the Trigo Bank Friday
evening hoping to rob it ended with seven of them dead and three injured
and under Shayden custody. Seven deaths and six injuries including Loyalist
Front members have been reported.

John Whitbeck is now considered a hero, for taking his role as a security
guard seriously and managing to shoot three of the armed individuals, killing
one of them. He was shot in the stomach though is expected to survive.

SATF responded to the scene fifteen minutes later and easily took out
the rest of the terrorists. The Loyalist Front shot three civilians before
Shaydian forces could respond.

Ronald Smith made a statement over the situation today, stating: "It is a
shame that civilians were shot, though we thank Jonathan Whitbeck for
his actions to stop three of the terrorists... The Loyalist Front is losing
major ground in Euphemia. Thanks to Acadian, and plenty of other nation's
responses to the group, the Loyalist Front is not only being contained in
Shayden, but they are also being contained all through Euphemia."

Loyalist Front's power in Euphemia has been dying off after major
crackdowns following the Corsto Bombing more than six months ago.
Acadian and Shaydian Forces have had the biggest blow to the group as
the two nations have joined up on the effort to eradicate the terrorist
group.


Other Articles:
- Shayden ends all diplomacy with Bergenstein
- Man arrested for charges of attempted beastiality toward horses.

Don't you mean to "eradicate" the group? Grammar Nazi reporting for duty.

Woo for bringing down the baddies!

Dat last headline, HAH! I hope that the horse was at least a mare.

Yay for killing terrorists!
Poor horse! D:

Mitron applauds Mr. Whitbeck on his courage, bravery, and quick-thinking. He is wished the best.

May I do some LF stuff?

LOL Dat Horse!

We're almost at the point of eradication of the LF

They may be loosing there but in berg they grow ever stronger

They may be loosing there but in berg they grow ever stronger

That's up to Kurt if that's canon or not, seeing as it's his creation.

He said they were in berg, but yeh, we do need to talk about it a bit more

New §100 to Debut Starting November 10th
By: Jake T. Wezel

SMITH CITY, SHAYDEN: The new §100 bill made will be making its debut
on November 10th, updating the bill after six years.

While the §100 isn't the oldest of the current bill versions out
there (§20 is the oldest version, almost seven years old and in
need of an update soon), it is seen as the most vital to be updated
for anti-counterfeit reasons.

The new bill has several features designed to make it easier for the
public to authenticate but more difficult for counterfeiters to
replicate. The 100s are now moved into a new position, with outlines
outside of them in special ink. The Eurion has been moved into a new
position, throwing counterfeiters off as well.

The image of Bradly Heck will be the same as on the current bill.
Except for the §20 bill, all Sent paper currency has been redesigned
in the last 5 years to combat counterfeiting.

The §100 bill is actually the second most common bill in circulation,
behind only the §1 bill. It's slightly more common than the §20 bill.

Other Articles:
- November 1st marks 233 Years of Shayden Independance
- Loyal Front member Arrested after Attempted Robbery using a Spoon

Can't wait for the new bill! D:

He used a spoon?

YAY FOR THE NEW BILLS!

Somebodyyyyy used a current event for reference.

Odd though, I actually held two of the new bills in my hand yesterday, but the bills were an '09 series.

Go loyalist front !!!!!!

^Uh, go use your spoon for something else

GINOSAJI IN SHAYDEN