The new year has only just begun, but already Democratic politicians in the country’s largest high-tax states are threatening lawsuits and publicly touting proposed workarounds to help compensate tax payers for the elimination of the state and local tax (SALT) deductions which were dramatically rolled back, along with deductions for mortgage interest, as part of the White House’s tax reform plan.
In response to a nearly 60 percent spike in searches of electronic devices, customs agents are now prohibited from accessing information that is not stored on the device itself, such as cloud data.
HARARE – ZIMBABWE has commercially exploited a mere 580 tonnes of gold out of a total of 13 million tonnes of proven reserves, Reserve Bank of Zimbabwe governor, Dr John Mangudya has said.
Dr Mangudya said there was no reason the country would become the laughing stock of the world when it is rich in minerals, including gold.
Gold is Zimbabwe’s biggest mineral foreign currency earner and together with platinum they account for over 50 percent of the country’s total annual export earnings.
“We have only mined 580 tonnes over the past 36 years. We have 13 million tonnes in reserves it means we have a long way to go and people laugh at us to say these guys are so poor, but they are sitting on gold,” he said.
The Governor said gold production was one of the major foreign currency earners that the central bank will incentivise through the 5 percent export bonus facility. The incentive part is what will be paid using the notes.
As such, he said that the export incentive means selling the yellow metal locally is significantly more profitable than smuggling it into the region while it fetches higher prices locally compared to global markets.
“If we do not pay the incentive, our export proceeds will go down. There is plenty of gold in Zimbabwe. Zimbabwe has the second largest deposits of proven gold per square kilometer,” he said.
Zimbabwe expects to reach 24 tonnes of gold production this year after hitting 19 tonnes last year, as decriminalization of gold panning, support to artisanal miners and favourable policies continue to bear fruit.
Dr Mangudya said that considering the critical importance of growing exports, it was crucial that the few entities generating exports are fully supported View on YouTube
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Joe Saunders for the Conservative Tribune reports, North Korea’s dictatorship has long been known for brutalizing its own citizens while thumbing its nose at the world with its nuclear missile program.
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The head of the Russian Orthodox Church Patriarch Kirill of Moscow will lead the Orthodox Christmas Eve mass in Moscow’s Cathedral of Christ the Saviour.
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. View on YouTube
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TruePundit reports, Now it is five months of delays and bad excuses. This is getting ridiculous. Why does Obama-Crony judge keep postponing the Imran Awan trial? To allow him to flee to Pakistan, where co-defendant and wife Hina Alvi has already fled, with the blessing of the FBI?
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