In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Don’t miss out on the latest news and information. Balkman has Santos’ full support in Beermen return Wozniacki was facing 15th-seeded Anastasija Sevastova in a late match on the red clay of the Foro Italico.Keys also withdrew from the doubles competition, where she was partnered with Venus Williams.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownLast year in Rome, Halep rolled her ankle in the final and lost a lead and the championship to Elina Svitolina.Halep will next play either U.S. Open champion Sloane Stephens or seventh-seeded Caroline Garcia. China population now over 1.4 billion as birthrate falls Jury of 7 men, 5 women selected for Weinstein rape trial Dave Chappelle donates P1 million to Taal relief operations Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Volcano watch: Island fissures steaming, lake water receding Steam emission over Taal’s main crater ‘steady’ for past 24 hours MOST READ View comments Winfrey details her decision to withdraw from Simmons film LATEST STORIES Romania’ Simona Halep reacts after winning a point to Japan’s Naomi Osaka, at the Italian Open tennis tournament in Rome, Wednesday, May 16, 2018. (Claudio Onorati/ANSA via AP)ROME — Simona Halep’s hold on the No. 1 ranking received a boost when American opponent Madison Keys withdrew from their third-round match at the Italian Open on Thursday due to a right rib injury.Halep needed to reach the quarterfinals and progress further than No. 2 Caroline Wozniacki to hold onto the top spot, and she has accomplished the first task.ADVERTISEMENT Svitolina also reached the quarterfinals, overcoming a poor start in beating 14th-seeded Daria Kasatkina 0-6, 6-3, 6-2. She’ll next face either former No. 1 Angelique Kerber or Maria Sakkari of Greece.This is the last major warmup for the French Open, which starts in 10 days.Sports Related Videospowered by AdSparcRead Next Jiro Manio arrested for stabbing man in Marikina
The Caribbean Community (Caricom) has expressed concern that the designation of “tax havens” is again being attached to the financial services centres in member states and associate members, following the leak of the “Panama Papers”.The Community, in a statement, said the loose attribution of the tax haven label ignores the reality that the regulation of this sector in Caricom was fully compliant with international standards. The statement identified international standards that Caricom members and associate members were committed to and were in compliance with. Caricom said as more disclosures unfolded from the “Panama Papers” leak, it urged caution by those making the unjust labelling of the Community’s financial services centres.“Indeed, all Caricom member states and associate members are committed to, and are in compliance with, the international certification process of the IMF/World Bank Financial Sector Assessment Programme (FSAP); the Global Forum of the Organisation for Economic Cooperation and Development (OECD); the Financial Action Task Force and the Caribbean Financial Action Task Force (CFATF). Bilateral commitments have also been made under the United States implementation regime for the Foreign Account Tax Compliance Act (FATCA),” the regional body had said in a statement recently.Guyana is among several Caricom member states, whose nationals have been implicated in the leak. Other Caribbean nations also mentioned include Suriname, from where six ‘shareholders’ hail; Trinidad, which is “connected” to six companies, three clients, one beneficiary and 15 shareholders and Barbados with links to 34 companies, 12 clients, five beneficiaries, and 34 shareholders.The leak has revealed damning information about Heads of States, the elite, business moguls and other parties who were clients of the secretive law firm Mossack Fonseca that created offshore bank accounts to hide their wealth, possibly allowing them to avoid paying their taxes. The International Consortium of Investigative Journalism (ICIJ), located in Washington, said the leaked data spanned nearly 40 years from 1977 through the end of 2015, allowing “a never-before-seen view inside the offshore world – providing a day-to-day, decade-to-decade look at how dark money flows through the global financial system, breeding crime and stripping national treasuries of tax revenues”.Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens. Most popular among them are Russian President Vladimir Putin who has a US billion trail leading to him by way of his best friend Sergei Roldugin, who allegedly siphoned off the monies from the Russian State bank into a hidden offshore account.The national leaders with offshore wealth also include Nawaz Sharif, Pakistan’s Prime Minister; Ayad Allawi, ex-interim Prime Minister and former Vice President of Iraq; Petro Poroshenko, President of Ukraine; Alaa Mubarak, son of Egypt’s former President; and the former Prime Minister of Iceland, Sigmundur Gunnlaugsson, who resigned after the news broke.The “Panama Papers” reported that the law firm has over 3000 clients in the US and 9000 in the United Kingdom, in addition to other countries. The paper showed a map which highlighted the different countries the law firm’s clientele hailed from, including Guyana, Venezuela, Brazil and other South American countries.It is too early to know the full extent of the scandal since out of the 11.5 million documents only 154 are in the public domain.