Spain Introduces Measures to Reduce Public Deficit What You Need to Know

The Spanish government has introduced provisional measures to the Corporate Income Tax in order to reduce public deficit this year. To achieve this objective, the government has fixed a 30% limit on net financial expenses deductibility of the EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization), maintained zero deprecation of assets for small and medium-sized enterprises (SMEs), and cut down annual overall limitation on tax credits.

The decree comes into effect from March 31, 2012 with a retroactive effect to taxable years starting from January 1, 2012.

Spain Tax Measures: Changes to Corporate Income Tax Regulations-

Replacing the thin capitalization regulations, the new ruling sets limit of up to 30% on net financial expenses deductibility of the EBITDA, carrying forward the undeducted expenses up to 18 years. If the net interest expense of a taxable year is lower than 30 %, the undeducted expense up to 30% of the EBITDA will be carried forward for 5 years. Deductible net expenses up to E 1 million being always deductible, companies which are not the part of a group of companies with specific limits, and credit institutions do not come under the purview of the 30% limit.

The new decree maintains free depreciation of assets for (SMEs) where the company maintains employee level. According to the new legislation, from March 31, 2012, no incentive will be applicable for assets obtained after this date; however, free depreciation will be applicable with certain limits for assets acquired before March 31, 2012.

To facilitate promotion of Research & Development (R&D), environment and other activities, the new ruling has cut down the annual overall limitation on tax credits to 25% of the corporate income tax due minus domestic and international tax credit and discounts. In case R&D tax credits cross 10% of the tax due, the limit is reduced to 50%. The reinvestment tax credit that was excluded before has been included for calculation of the limits. With the intention of offsetting the effects of these provisional methods, carry forward period of unused tax credits has been increased to 15 years. However, for R&D tax credits, the carry forward limit is increased from 15 to 18 years.

Having a trusted service provider on your side who can keep you up to date with the ever-changing laws and regulations can be of great help in your international business expansion plan. Professional experts have firsthand experience of the existing environments, and can impart extensive assistance on various areas of your business like international financial accounting, regulatory filings, to name a few.

Warren Buffett Selects Farmer Son as Successor

Warren Buffett has selected his 56-year-old son Howard, to succeed him as chairman of Berkshire Hathaway, CBS News reported today.

The billionaire investor revealed his decision on CBS news program ’60 Minutes,’ scheduled to air this Sunday. Howard was picked as successor because he has a good understanding of values and would preserve the culture and traditions of the company. Berkshire’s board must approve the move.

Buffett told interviewer Leslie Stahl that he wants Howard or ‘Howie,’ as he is known in the family, to oversee the company’s values and take over as non-executive chairman following his death, an unpaid position that wouldn’t require Howard to make day-to-day decisions at Berkshire.

However, Berkshire’s board must approve the move.

Howie, who currently manages a 400-acre corn and soybean farm in Nebraska, told the news program he was surprised on being picked as his father’s successor but is open to the plan if he can continue farming.

“It is certainly my hope that Howie succeeds me as Chairman, but the CEO job he has never had any interest in having,” Buffett said.

He added, “When people think of my successor, they are thinking of who will be CEO. No [family] member has ever wanted to be or has been considered for that.”

Reasons cited for selection:- Despite having no college education, Howard was picked as successor because he has a good understanding of values and would preserve the culture and traditions of the company.

Buffett told Stahl, “You worry that somebody will be in charge of Berkshire that uses it as their own sandbox in some way. That changes the way that decisions are made in reference to the shareholders.

“The odds of that happening are very, very, very low, but having Howie there adds just one extra layer of protection.”

Howard open to plan:- Howie, who currently manages a 400-acre corn and soybean farm in Nebraska, told the news program he was surprised on being picked as his father’s successor but is open to the plan if he can continue farming. Howard told Leslie Stahl in the CBS interview, “As long as I can keep farming, (LAUGH) I’m okay.”

Meanwhile, Howard is quite content to let his healthy 81-year-old father run the company and doesn’t expect to take over the reins of Berkshire anytime soon. Howie told the news program he was surprised on being picked as his father’s successor but is open to the plan if he can continue farming. Buffet said that when people think of my successor, they are thinking of who will be CEO. No [family] member has ever wanted to be or has been considered for that.

“He won’t leave until he’s buried in the ground. I hate to put it that way,” said Howard.

Writing A Statement Of Child Custody In Case Of voluntary Transfer

Usually marriage break-ups and divorce have a direct repercussion upon child guardianship. A number of issues such as visitation rights by the other parent, and appropriate residential conditions for the child are taken under consideration.

A voluntary transfer of child custody refers to a deliberate brought about change in the guardianship rights of a parent or a guardian. This alteration is made when the custodian parent is unable to fulfill the financial responsibilities of the child and is unable to take care of the child’s needs properly.

The decision of voluntary transference of child custody rights is established formally when the guardian or family court decides that the best interest of the child are not being met suitably and hence the child is being deprived of a stable living environment.

How is a Voluntary Transfer of Child Custody Carried Out? Requirement of Proof for Custodial Rights

A vital pre-requisite before the voluntary transfer of child custody rights is a proof given by the person receiving custodial rights that he or she can virtually take good care of the child and will be able to provide a good, stable living environment to the child.

Transfer Rights

Once the parents or guardians have made a voluntary pact about the transference of custody rights, they will have to file a petition before the court asking them to grant transference rights for the petitioner.

Getting Approval for the Statement of Custody Rights

The court will make a careful examination of the circumstances being offered to the child and his best interest. Thereafter the court will either approve or disapprove the custody rights transference request based upon the quality of the living and comfort being provided to the minor. In order for the request to gain legal establishment, the court will have to approve the statement for voluntary transference of custody rights.

Points to Consider Before Filing for Voluntary Transfer of Child Custody

Fundamental steps taken before the establishment of transference of custody rights:

Arshalan Times Is A Great Way To Keep Oneself Updated On The Latest News On

A Variety Of Topics
Online browsing is a part of our daily lives and for some has taken the place of the daily newspaper. With updates and posts on informative sites as well as on social networking sites one can get any kind of news in real time. Even social sites have sections for news updates and for reviews and blogs as well. The internet is easily available across the world at very cost effective rates and this has gone a long way in ensuring its popularity. The invention of the wireless internet has also contributed to its wide acceptance and now anyone can get connected to friends and family instantly. This has given rise to sites that carry a lot of interesting information along with the latest news from across the world as well.

Multi information sites are interesting as these have pages that are diverse as the information that they carry. Sports, entertainment, shopping, the latest news, music and movies, reviews, technology are some of the favorite topics that are browsed for online. A site that has good coverage of these topics and has interesting content will surely rate high on a browsers list. It is also important for sites like these to have a fast response time and content that is catchy and well written. Regular contests also keep the browsers interest alive and keep them coming back for more. Information must also be well researched and regularly updated for a positive impact on browsers.

The modern browser is spoilt for choice and there are many competitors in cyberspace. If a site does not live up to expectations then a browser will lose interest and move on to the next site. A site has to make an impact and has to gain the confidence and respect of its browser in order to maintain his loyalty. There are sites on the internet that meet these qualities and one among these is the one by Arshalan Al Aham. Known as the Arshalan Times, this site has grown in popularity in the short time since its launch. The owner is a self confessed technology enthusiast and the site has a blog as well as a page dedicated to the latest in technology. There are interesting tips on various topics and one can learn how to make the best use of the various applications that are available as well as tips on better PowerPoint presentations.

With an interesting mix of subjects, Arshalan Al Aham provides a browser with all the necessary topics and the latest news on the site Arshalan Times. Read the reviews on the latest products and gadgets in the market and find out what other browsers have to say about the latest movie. Download applications or music and have fun forwarding it to your friends. The site is well hosted and has a good response time. One can even read backdated articles and blogs on the site easily and add this site to the list of the sites that you regularly browse through.

Houston Historic Skyscraper Razed

17 seconds! That’s exactly the time it took for Houston’s historic skyscraper to be reduced to a pile of dust and rubble.

High explosives set off at 11:15 am Sunday demolished the 20-story former Prudential Building in the Texas Medical Center, once considered a masterwork of modern architecture.

The implosion that had been planned at 7:52 a.m. was delayed for a few hours due to a dense fog.

Hundreds of spectators showed up early Sunday morning to watch the collapse of the massive structure. The foundation of the limestone tower was cracking and the building was plagued with asbestos and mold problems.

Warren Rawson, a high school English teacher, said, “I’m sad to see such a classic-looking building go. Houston seems to have a history of ignoring its history.”

“In its glory days, it was an impressive building, but it was time for it to come down.” — Sarah Watson, a spokeswoman for M.D. Anderson

60-year-old building:- The building, known as the Houston Main Building, was opened by Prudential Insurance Co. in 1952 as its southwest regional office.

The 500,000-square-foot high-rise office, designed by Kenneth Franzheim, was at one time Houston’s tallest building outside of downtown.

The M.D. Anderson Cancer Center acquired the property in 1974 for $18.5 million.

In its heyday, the building had lush landscaped grounds, tennis courts and a swimming pool.

“The building was a model for Prudential offices around the country and featured exceptional finishes including Loredo Chiaro marble from Italy, guanacaste wood from Central America and okoume wood from Africa,” according to the release by the Greater Houston Preservation Alliance.

Costly renovation:- Extensive studies conducted by real estate and architecture firms found restoring the building would cost much more than just tearing it down.

The foundation of the limestone tower was cracking and the building was plagued with asbestos and mold problems.

The last employees moved out in March 2010 and the building was officially closed on April 1, 2010.

When cleared, the space will be used for development of a new park and advanced clinical building.

“In its glory days, it was an impressive building, but it was time for it to come down,” said Sarah Watson, a spokeswoman for M.D. Anderson.

Springhill Care Group South Korea US Warns of DPRK Launch

Satellite images have surfaced recently revealing North Korea’s digging of a tunnel in what seems to be a preparation for a new nuclear test.

According to reports from intelligence officials, the excavation at northeastern Punggye-ri, where previous nuclear tests were done in 2009 and 2006, is already in the final stages. What observers are anxious of is a repeat of an incident in 2009 when the country walked out from nuclear negotiations and subsequently conducted a nuclear test.

This report has come just as North Korea is prepping for their missile launch that the rest of the world suspects to be a missile test in disguise.

US has said on Monday that an underground nuclear test along with the rocket launch are acts that will leave North Korea more isolated.

Experts say the only reason for them to dig a new tunnel on that area will be to conduct a nuclear test. Moreover, nuclear tests done consist of closing the tunnel with dirt, which is the last step before the detonation.

According to an analyst from Korea Institute for Defense Analyses, DPRK is in need of a new tunnel if they are planning on a nuclear test because the 2 tunnels they used have already caved in and became contaminated with radiation after previous tests. Moreover, if the upcoming launch is already deemed as “highly provocative” by the international community, a nuclear test will be worse.

South Korea and Japan has been making preparations to shoot down the rocket if it threatens their territory, claiming their right to self-defense.

Apparently, the Defense Minister of South Korea has been contacted by Defense Secretary Leon Panetta to discuss North Korea’s plans and according to a spokesman of Pentagon, both of them regards the launch as a “serious provocation”.

United States, Britain and Japan have been reiterating their demand that North Korea cancel the launch, with the warning that shooting a long-range rocket violates UN resolutions and its own promise of halting nuclear activity. China is also being urged by the US to dissuade DPRK from proceeding with the launch.

North Korea has previously announced its plans to launch an “observation satellite” through a 3-stage rocket for the centennial celebration of their founder Kim Il Sung’s birthday this April.

Breaking News From The Globe

It is crucial for everyone in order to depend on day to use global news. We are able to acquire a great understanding of numerous details as well as numbers through viewing the most recent Busting Information. These types of most recent information handles just about all likely places such as politics, spiritual, sports activities, amusement, meals, wellness, City Way of life as well as insurance coverage and so on. Additionally, there’s information about the topics associated with criminal offense, terrorism, thievery and much more.

One can get the world breaking news very instantly. International news should not be missed. Numerous the occasions many people don’t invest a solitary moment to see, pay attention or even view this news. In the event that one is unaware associated with most recent information just about all around the world after that she or he is going to be nearly strolling all over the world along with his / her eye shut. If you’re up to date as well as up-to-date using the most recent occurrences after that tend to be increased most abundant in powerful tool- understanding. There are lots of mediums such as paper, TV, stereo as well as web by which we are able to obtain the information as well as present occurrences all over the globe. However the web is actually the majority of thoroughly utilized like a supply of information or even info nowadays simply because of its broader entry. It may link the actual space in between differing people through some other part of the world.

Web is a superb moderate to get info and become up-to-date using the most recent information that’s happening within the dark neighborhood just about all around the globe. Using the up-to-the- You will find countless web sites on the web that supply you bi-directional information, information upon open public matters, commentaries as well as way of life powered amusement. Info supplied by this kind of on the internet information web sites is very real, undeniable as well as reliable. Using the multiplicity on the web you will get access to the actual weblogs as well as content articles related to global news. These people permit city customers a good uncensored tone of voice within how are you affected in your area, regionally as well as across the country since it pertains to present matters. Obtain prepared to place an impact upon other people together with your thorough understanding of present matters. Thus, there is a great impact of breaking world news. International news should be shared globally.

The Worlds Greatest Self Help Book

Christianity is not just a religion; it is a way of life. A full-fledged Christian does not only live by the book, but is living it by heart. For Christians in high school, proper Christian Education is necessary for us to be molded into better people. Christian Education will help us to strive to be Christ-like in every way possible. This way, we can truly say we are Christ’s disciples. But the knowledge and wisdom we get does not exempt us from trials and problems; it does not immunize us from temptation.

Overcoming Problems and Trials

As human beings, it is normal to encounter problems and trials. These are necessary to test our faith and build strength. Sometimes, trials seem to be so hard and we tend to question God’s presence. It is written in Bible history that God allows and uses problems and trials to test his people. James said,

“Consider it all joy, my brethren, when you encounter various trials, knowing that the testing of your faith produces endurance. And let endurance have its perfect result, that you may be perfect and complete, lacking in nothing.” “Blessed is the man who perseveres under trial; for once he has been approved, he will receive the crown of life, which the Lord has promised to those who love Him.” – James 1:2-4, 12

What to Do When No One Understands

As we encounter trials, we tend to seek comfort and guidance. As people, we want to talk to a physical being, someone who would listen to us. We often seek the presence of family and friends who we believe would truly understand us. But there are times when we feel that no one seems to understand and truly listen to us; times when we forget to call on to the Lord.

We cannot see God, but he is with us in many ways. We cannot audibly hear His words, but he speaks to us through the Bible. In times of trials, it is best to seek guidance and strength from the Bible and through prayer. The Bible is the handbook of life; God’s words are in this holy book. As Christians, it is important to remember and educate ourselves that the Bible in not just a book where the history of our Christian faith is written, but it is also a means of communication with God. Through the Bible, God also reassures us of His grace, His promises to help in times of need, and who we are in His eyes.

Answers to 5 Specific Problems in the Bible

God speaks to us through the Bible. Whatever trial it is that you are facing, the bible will guide you through it.

During moments of depression, the Bible says, “The LORD himself goes before you and will be with you; he will never leave you nor forsake you. Do not be afraid; do not be discouraged” (Deuteronomy 31:8).

When lost and in need of guidance, the Bible says, “Trust in the LORD with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths” (Proverbs 3:5-6).

In times of restlessness, the Bible says, “Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of”(Philippians 4:6-7).

When temptation fills you, the Bible says, “Search me, God, and know my heart; test me and know my anxious thoughts. See if there is any offensive way in me, and lead me in the way” (Psalm 139:23-24).

In trying times, seek guidance from the Bible, and remember, “I can do all things through Christ who strengthens me” (Philippians 4:13).

Christian education in private schools is a life-long process; not something we learn in a short span of time. It is a continuing journey to be the best we ought to be. The Bible is the world’s greatest guide to help through the journey.)

Vatsalya 2010 – A festival that celebrates womanhood

The core personality of an individual is mainly determined by the culture that he is exposed to in the formative stages of his life. Incidentally, culture impacts the harmony and progress of a society and eventually the world as a whole.

Keeping in mind the enormous positive impact that effective cultural activities can have on people, ISKCON Bangalore has consistently engaged itself in promoting the rich Indian culture through various cultural events. These events are designed to effectively reach the different strata of people irrespective of age, gender, caste or economic status and help them revisit the glorious heritage of India.

December 23rd through December 26th, ISKCON Bangalore celebrated ‘VATSALYA 2010’ – a festival that celebrates womanhood – A blend of cultural events, exclusively designed to provide an opportunity for women to explore and awaken their latent creative talents and display it on a common competitive platform.

‘VATSALYA 2010’ comprised of various interesting competitions like Vocal Music, Classical Dance, Vedic quiz, Painting, Altar Decoration, Calligraphy, Cookery, Embroidery, Gita sloka chanting, Prayer composition, Pushpa-alankara, Rangoli, Skit, Vegetable-Carving, Jewellery Designing, Creative Writing and other fun events some of which, otherwise, are activities that women constantly engage themselves in.

Women above the age of 20 displayed intense enthusiasm as they participated in some of the competitions which enabled them to portray their talents. Housewives formed groups amongst themselves and took to the stage with much fervor. One such revitalizing sight was the folk dance, where women from varied background exhibited their performance at its best.

“It is a pleasure to see the spirit of participation of these women, most of whom would not have had such an opportunity before”, said one of the esteemed judges of the Folk Dance competition. It was an exciting experience for most participants as well. “It was a different experience for us. All these days we trained students in our school and now it was a thrilling experience for us to train ourselves and take part in these events”, said Veena, a school teacher who participated in the fest with her colleagues.

For more information about Vatsalya 2010 visit:

Easy Ways to Survive a Vigorous Lifestyle

You hear a lot about living a healthy lifestyle, but what does that mean? In general, a healthy person doesn’t smoke, is at a healthy weight, eats healthy and exercises. Sounds simple, doesn’t it? This article is provided by the Indianext to recieve latest life & style news.

The trick to healthy living is making small changes, taking more steps, adding fruit to your cereal, having an extra glass of water. These are just a few ways you can start living healthy without drastic changes.

Exercise: One of the biggest problems in world today is lack of activity. We know it’s good for us but avoid it like the disease either because we’re used to being sedentary or afraid that exercise has to be vigorous to be worth our time. The truth is, movement is movement and the more you do, the healthier you’ll be. Even moderate activities like chores, gardening and walking can make a difference.

Just adding a little movement to your life can:

1. Reduce the risk of heart disease, stroke and diabetes2. Improve joint stability3. Increase and improve range of movement4. Help maintain flexibility as you age5. Maintain bone mass6. Prevent osteoporosis and fractures7. Improve mood and reduce symptoms of anxiety and depression8. Enhance self esteem9. Improve memory in elderly people10. Reduce stress

So, even if you opt for small changes and a more modest weight loss, you can see the benefits are still pretty good. One study has found that just a 10% weight reduction helped obese patients reduce blood pressure, cholesterol and increase longevity.

Simple Methods to Shift Your Body

You can start the process of weight loss now by adding a little more activity to your life. If you’re not ready for a structured program, start small. Every little bit counts and it all adds up to burning more calories.

1. Turn off the TV. Once a week, turn off the TV and do something a little more physical with your family. Play games, take a walk…almost anything will be more active than sitting on the couch.

2. Walk more. Look for small ways to walk more. When you get the mail, take a walk around the block, take the dog for an extra outing each day or walk on your treadmill for 5 minutes before getting ready for work.

3. Do some chores. Shoveling snow, working in the garden, raking leaves, sweeping the floor, these kinds of activities may not be ‘vigorous’ exercise, but they can keep you moving while getting your house in order.

4. Pace while you talk. When you’re on the phone, pace around or even do some cleaning while gabbing. This is a great way to stay moving while doing something you enjoy.

5. Be aware. Make a list of all the physical activities you do on a typical day. If you find that the bulk of your time is spent sitting, make another list of all the ways you could move more–getting up each hour to stretch or walk, walk the stairs at work, etc.