Daily New Share
Welcome
Login / Register

Sport


  • Here She Comes Back: Tirunish Aims Third Olympic Gold at Reo

    The three-time Olympic gold medallist missed the 2015 season after giving birth to her son Nathan Sileshi in March of that year, and will make a return to competitHere She Comes Back: Tirunish Aims Third Olympic Gold at Reoive action in Manchester as she begins on her road to the Rio Olympics.

    The Ethiopian won back-to-back gold medals in the 10,000m in Beijing and London and also claimed the 5000m title in 2008. She will look to defend her title over the longer distance this summer as she bids to become the first athlete to have won three gold medals over the 10,000m distance. Victory in Manchester this May will give the 30-year-old another treble as she won the Great Manchester Run in 2013 and 2014.

    Ethiopia's Tirunesh Dibaba will attempt to become the first athlete to win three gold medals over 10,000-meters, her agent tells LetsRun.com. “Tirunesh is training well,” agent Mark Wetmore wrote. “The plan right now is the 10000m [not the marathon, at the Olympics]. She should run 1-2 indoor races and then prepare for the 10000m early in the outdoor season.”

    Dibaba, 30, is expected to return to competition after giving birth to a baby boy in Atlanta, Ga. in March. Her comeback will begin with select indoor races before running the 10,000-meters during the outdoor season. In her 11 races at the 10,000-meter distance, Dibaba has never lost.
    Read More Here

    Read more »
  • Ethiopia sacks Coach Yohannes Sahile

    The Ethiopia Football Federation has sacked head coach Yohannes Sahile after a disastrous performance at the recent Matches. EFF chosen former Dedebit FC coach Yohannes Sahle as head coach of the Ethiopian national team on April 26, 2015 for a Two years Contract.  

      

    Read more »
  • Panama Papers: The $2bn offshore trail that leads to Vladimir Putin, Jackie Chan and Lionel Messi

    A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. 

    Though the president’s name does not appear in any of the records, the data reveals a pattern – his friends have earned millions from deals that seemingly could not have been secured without his patronage. The documents suggest Putin’s family has benefited from this money – his friends’ fortunes appear his to spend.

    The files are part of an unprecedented leak of millions of papers from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm. They show how the rich and powerful are able to exploit secret offshore tax regimes in myriad ways. The offshore trail starts in Panama, darts through Russia, Switzerland and Cyprus – and includes a private ski resort where Putin’s younger daughter, Katerina, got married in 2013.

    The Panama Papers shine a particular spotlight on Sergei Roldugin, who is Putin’s best friend. Roldugin introduced Putin to the woman he subsequently married, Lyudmila, and is godfather to Putin’s older daughter, Maria.

    Actor Jackie Chan and footballer Lionel Messi are also named among the clients of the law firm. Michel Platini, former president of European Football’s governing body UEFA, currently suspended amid corruption investigations, also held an offshore account, the documents reveal. Jerome Valcke, former secretary general of Fifa, also facing corruption investigations is revealed in the documents as owner of a company which bought a $3.7 million luxury yacht.
    Read More Here

     

     

    Read more »
  • Tax Authority Takes the Renowned Oromiffa Singer Kemer Yousuf to Court

     The Federal High Court has sent out a public domain call for Kemer Yousuf the renowned Oromiffa singer, after the Ethiopian Revenues & Customs Authority claimed that it could not find the singer at his registered residence.

    However, the singer is protesting the claim.

    “This is done deliberately,” Kemer said. “I lived in the same residence for the last four years in Bole district, Wereda 6, Kebele12/13 Ho.No 419/2.”

     

    The call, published in the state-owned daily newspaper March 17, refers to a civil suit brought against Kemer Yousuf and Berhan Insurance S.C. as joint defendants. However, in that case Kemer’s address is registered as Nifas Silk District, Kebele 57.

    His wife, the renowned athlete Ejigayehu Dibaba on March 23, told Fortune that neither she nor her husband knew anything about this issue and it the first time they are being informed of the case.

    Despite the couple’s claim that the issue is new to them, the case was tabled for the Sixth Bench of the Federal High Court in September 2015.

    The substantial allegation is that the singer evaded paying 2.4 million Br worth of tax. The series of events behind the unpaid tax according to the charge, began with the singer importing a four wheel Toyota Land Cruiser later bearing plate number 3-69457, free of duty in 2012. The duty free privilege was extended to him as General Manager and owner of Kemer Yousuf Tour & Travel Plc. The vehicle is now in possession of a third party without any of the formal procedures that needed to be fulfilled for a transfer, including informing the relevant authorities.

    Article 15 of Regulation No. 270/2012 states that it is only upon payment of appropriate Customs duty that one can transfer the vehicle to people having no similar duty free privileges.

    In such cases where vehicles imported duty free are transferred to third parties, in the country’s law serious measures such as confiscation of the property, payment of the tax and criminal charges might follow.

    In 2007/08, the immediate aftermath of the issuance of the said regulation, the tax Authority managed to confiscate over 2000 duty-free imported vehicles from third parties. The framework is still operational that anyone who provides a tip off on a case, would receive a percentage of the money paid for tax.

    The Authority had earlier tried to resolve the case administratively before bringing it to court.

    Accordingly, Kemer and the Authority’s representatives agreed that the singer would pay all that was due including tax and penalty. They also reached agreement on modalities of payment.

    Kemer agreed to pay 25pc of the required total immediately and finish paying the remaining 75pc within two years. He had also brought a payment guarantee policy from Berhan Insurance S.C., which makes the two jointly and severally liable for the payment of the total amount.

    After Kemer failed to pay the money within the given time, the Authority issued a warning letter to both him and Berhan Insurance S.C. in January 2015, but there was no response from them.

    With filing of the case in September 2015, the two defendants were demanded to appear in court on February 19, 2016; a representative of Berhan Insurance showed up but Kemer Yousuf failed to appear. As per the country’s procedural law requirement the court therefore ordered a public announcement calling Kemer to appear at the bench on May 10, 2016.

    “Of course now that I know I will appear in court on the set date,” Kemer told Fortune. ”I immediately got myself a lawyer who will closely follow up the matter.”

    Besides his achievements in the entertainment industry, Kemer Yousuf has been actively engaged in business since his return from Canada in 2008.

    In 2011 DEK Oromia Business Investment Plc was established by Kemer, Dinku Deyasa, and Elias Ebissa. Ownership was there a joint venture between government and DEK. The government has a stake of 44.3pc while the remaning share is had by DEK.

    He seems, however, to be missing in action especially from his engagements in the management of Sodere Resort, people working in the industry particularly in Oromia Region said.

    Kemer was very vocal about his distance from the property, and associated the case at hand as an extension of the problem he has with his partner Dinku Deyasa.

    The artist is also subject of controversy mostly, on Diaspora blogs that continuously blame him for developing a good rapport with the EPRDF government despite the mistreatment of Oromo people in the country.

     

     

    Source: http://addisfortune.net/articles/tax-authority-takes-singer-to-court-over-two-million-birr/

    Read more »
RSS