FELIPE ARGOTE: THE BLOG: A LETTER TO MISTER PRESIDENT

miércoles, 9 de septiembre de 2009

A LETTER TO MISTER PRESIDENT

Economists College of Panama

Re: Tax Reforms

Raúl Moreira

President

My Dear friend Raul:

Thank you very much for your request about what we the members of the college think about the bill of tax reforms proposed by the present government to the House of deputies. Here I submit my opinion, which I offer as a contribution to discussion of the topic with the propensity to be modified when faced with better arguments from colleagues at school.Article I sent you[1] which is only a contribution to discussion on reform, I am entrusting my opinion on the systematic position which I believe should be the college´s position on the topic:

1. I think we should request that both projects that includes tax reforms must be discussed together:a. The preliminary 21 "which establishes measures of fair taxation for the middle class." presented by Deputy Jose Isabel Blandon currently chairman of the Budget Committee of the Assembly.b. The project 33 "which are modified by provisions of the tax code and take other measures." Submitted by the Minister Dimitri Papadimitriu on behalf of the Cabinet Council President Richard Martinelli.

2. Agreed with eliminating the CAIR for natural persons.

3. Agreed with 20% set in the roof of the Income Tax (ISR) for individuals.

4. Agreed with that school expenses are deductible from income tax up to B / 2,000.00.

5. Also according to the income tax deduction of social security payments for up to 10% of annual gross income and are deductible currently only private insurance.

6. Also according to an adjustment in the property tax and capital gains on the sale of real estate to 5% of sale price or the cadastral value, whichever is of greater benefit to the state.

7. Agreed that steps be taken to avoid splitting of neighboring lots to avoid paying property tax.

8. According to establish a fixed 20-year exemption of all improvements to the amount of B/80, 000.00.

9. Propose to develop a lant titling plan for free of Panamanians with possessory rights as proposed in the campaign.

10. Under the tax is raised from 10% to 25% in the gambling rooms and 10% to 18% for full casinos.

11. According to increase the cigarette tax to 50%. and include alcohol beverages too.

12. According to increase the ceiling by notice B/40 business operations, to B/60, 000 and extends to the Colon Free Zone.

13. Contrary to spread payment of ITBMS fixed telephony business because it penalizes all companies including small and medium businesses

14. Contrary ITBMS include commissions for banking, financial services and real estate tax because it is a final applicant or consumer of the service, the user, and therefore cooperates with the economic slowdown.

15. Contrary to ITBMS include commissions paid by insurance and reinsurance to third persons because it goes against the final purchaser of the service which helps in raising the weight tributary to the middle class.

16. Contrary ITBMS include legal services to be provided to persons resident outside the country and which changes the historical concept of territoriality and again will fall on the middle class.

17. Contrary ITBMS include legal services that lend themselves to international trade ships registered in the merchant marine because it is recessionary in times of global crisis.

As always I appreciate your interest in making us partakers of the discussion and willing to give the college any further collaboration.

Best regards and congratulations for your good job in our college.

Mgter Philip A. Argote S.

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THE GODS MUST BE CRAZY

Born in the Kalahari , N! xau ( the exclamation point is a crack) is famous for being the main actor of the movie "The Gods Must Be Crazy ." In the movie a Bushman Tribe receives a gift from heaven, a Coke bottle thrown from the window of an airplane. The gift from the gods to be a source of joy becomes a source of fight until N! xau decided to leave it at what is going on foot to dump it at the end of the world. This is the beginning of an adventure that pits the simple Bushmanlife with the most elemental technology and the stupid rules imposed by civilization. Is said that when he was paid for his performance N! xau released the bills to the wind because they he had no value for him.

MALINCHE BY LAURA ESQUIVEL

Malinche was a daughter of Noble in Nahua, Mexican also be called Aztec becuse they came from a place called Aztlan, and who settled in the valley of Mexico on XV century before expanding to what today is Central. La Malinche, or Doña Marina as she was baptized by spanish collaborated with Hernan Cortes and was one of his concubines. She helped to him to take aztec empire ans was used as translator. After Cortes took the empire he give her to one of his officials. It has been said that she was murdered in her own home.

AN THE MAYOR ? TALKING STUPID THINGS

Throughout the city there are somethings called monuments that have become garbage dumps, or simple mosquito breeding ruins. In Balboa, a monument that are misshapen figures balanced on a log to a dwarf who raises his fingers in sign of peace. The same day ended the Arnulfists government finished the budget for maintenance, the lights and the fountain disappeared and only the grotesque figures left. At Tumba Muerto avenue a group of ladies raised a Roman column holding an event and left it to their fate. Although years ago a red devil bus hit the base of the pilaster, the supposed monument and its significance remain unknown giving the city and ugly picture until it meets the result, it falls over a car or a pedestrian and kill someone.

THE PLOT

FOUR TEENAGERS WERE SWIMMING AT A RIVER WHEN THEY SAW THE ALLIEN BEING IN THE JUNGLE. BECAUSE HE WAS DIFFERENT THEY DECIDE TO BEAT HIM TO DEATH, AS THEY HAVE LEARNED BY HOLLYWOOD FILM AND TELEVISION PROGRAMS. THE FIRST AND SECOND PHOTO SHOW HOW HIS BODY REMAINED AFTER DEATH. THE THIRD SHOWS HOW HE LOOKS LIKE WHEN HE WAS ALIVE, THE FOURTH IS HIS I.D. PICTURE AND YOU CAN SEE AT THE FIFTH ONE OF THE THOUSANDS SHIPS THAT COMO TO AVENT HIS BUDY. WOULD YOU PLESE KILLERS TURN TO THE ALIENS TO AVOID AN INTERGALICTICAL WAR. IT IS NOT A GOOD MOMENT TO WAR WHEN WE THE WORLD ARE IN THE MIDDLE OF A FINANCIAL CRISIS.

MANATEE AT THE PANAMA CANAL

Few know, some of us did not know until recently that there are manatees at the Gatun Lake. These specimens are not originated from this artificial lake, were implanted in 1964 to control the growth of vegetation in the Panama canal. These animals are herbivors and can eat between 100 to 200 pounds of aquatic plants per day. They were part of a project of the former Canal Commission. One was brought from Peru and ten were brough from Bocas del Toro, but escaped during a storm and are now known to exist in the remotest places of Gatun Lake. They are very shy of human presence and can last up to twenty minutes underwater.

WILL THE MOON REACT TO ASSAULT?

In order to confirm the theory of the existence of water in a specific location of the moon, NASA scientists sent an unmanned vehicle to bombard a specific area of the small mass of land that runs our planet. According to the disclosures the maneuver was successful because it felt a splash in the bombed area. However, there are reports that the lunatics (inhabitants of the moon) have considered this an attack. Tempers have been heated in recent weeks, the product of murdering by teenage radicals in Cerro Azul, Panama

On Thursday, May 20, was held in the conference room of the master program of the American University of Panama an interesting exposition by the Engineer Jorge Quijano, Executive Vice President Engineering and Program Management of the Panama Canal Authority. The speaker presented the progress of the canal expansion at students and professors at the master's program. The conference was organized and presented by Professor Gustavo Salom who directs the graduate program of this prestigious university.

WHY COULD NOT U.S. CONFRONT MILITARILY THE ARAB EMBARGO IN 1973?

One of the reasons that Richard Nixon could not respond militarily to the oil embargo imposed by Arab countries in the seventies was the public opinion of the American people after seeing this photograph taken by Nic Ut an Associated Press photographer outside the population of Trang Bang in North Vietnam on 8 June 1972. In the photo Kim Phuc, a 9 years old vietnamese child run desesperately out of her town been bombed by napalm. It was not possible for U. S. to enter another war at the time. United States under President Richard Nixon signed the peacce agreement with North Vietnam in January 1973, six months after this photo and a few months before the oil embargo. Neem is now married and has a son. Richard Nixon resigned from his post as president on 8 August 1974.

NEW TAXES IN JANUARY

In January the middle class will receive another blow to his pocket. But contrary to what some believe, it is not the package of new tax reforms which fall to be discussed in January. This is the package already approved by the Assembly of Deputies in September 2009.
Starting January there will be charges of ITBMS of the following banking services:
1. RENEWAL OF CREDIT CARDS
2. FEES FOR HOUSING LOANS
3. FIVE-YEAR REVIEW COMMITTEE FOR MORTGAGE LOAN
4. RENTAL SAFE DEPOSIT BOX
5. CERTIFIED CHECKS
6. MANAGEMENT CHECKS
7. LETTERS OF CREDIT
8. COLLECTIONS
9. LOAN DISBURSEMENT
10. ATM WITHDRAWAL DIFFERENT TO SELF BANK ACCOUNT

The Maldives, a tropical paradise of thousands of islands located southwest of Sri Lanka in the Indian Ocean is one of the top three places in the world for diving. There are more than a thousand atolls of which only two hundred are inhabited. Those who have visited it say it is a natural aquarium. However, the product of CO2 emissions will do this paradise completely disappear over the next 100 years. Although some islands such as Kandholhudhoo Island, 60% of people will evacuate in the next 15 years. Sea level is growing at almost a centimeter per year. 80% of the islands do not have a meter above sea level. It is one of the flattest places in the world. In the 2004 tsunami, the islands suffered the flooding of a large wave that caused the tsunami. They beg the world for reducing CO2 emissions. Especially the United States. Its President Maumoon Abdul Gayoom, sent a year and half ago a letter pleading with former President Bush to sign the Kyoto protocol. Never received a response

PANAMÁ: WORLD BIODIVERSITY CENTER

The Isthmus of Panamá is the biggest botanical biodiversity on the planet. The density of plant life in Panamá is greater than in Colombia, Brazil and China combined. After many years of construction is expected in 2010 will open on biodiversity museum created by one of the world's best architects: Frank Gehry. This is the creator of the famous Guggenheim Museum in Bilbao as one of the 50 most important twentieth century buildings, the Vitra Design Museum in Weil-am-Rhein, Germany, the Weisman Art Museum in Minneapolis, Minn., the Experience Music Project in Seattle, Washington and the Walt Disney Concert Hall in Los Angeles, California among others.

ONE MONTH

One month after the first publication of my blog, thanks a lot to all of you who have written your point of view or have sent it to my personal email.

According to the counter AdSense, this month we have a total of 785 prints which is much more than we expected at the begining. This has committed us to continue to develop short-term analysis on the most important national issues.

Again I thank all the readers of my blog, with the assurance that there is a commitment to regularly update.

Sincerely,

Felipe Argote

Daja Editions

SEPTEMBER 13TH 2009