Today we celebrate the Declaration of our Independence! GCA wishes you a safe and joyous holiday celebrating with friends and family. Happy Fourth of July! #IndependenceDay
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Via The Boston Globe: "Jet travel, yacht adventures, and more. How Steward’s CEO used corporate funds as the company crumbled." When corporate jets are used for personal luxury, it raises serious tax and governance questions. NYU Stern School of Business Professor David Yermack explains how these practices can lead to scrutiny from regulators and accountants alike. Read more below: https://lnkd.in/eFkCVvDd
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I’ve been with Airlines for Europe (A4E) for 5 months now and in that time there have been almost as many announcements of national taxes on aviation: France has announced a tax on major airports, the Dutch outgoing government recently proposed a tax on transfer passengers, Italy’s proposed 2024 budget allows some municipalities to apply an additional 3 euros per passenger, and most recently the Danish government proposed to introduce a staggered passenger tax that will gradually increase between 2025-2030. I ask myself what the intention behind these additional national taxes really is. Europe already has rules and taxes in place to decarbonize aviation and these are already delivering reductions: 💡 Of all the transport modes, only aviation is included in the EU Emissions Trading System – it’s been part of it for over 10 years in fact. The ETS caps and prices carbon and is a clear incentive to airlines to reduce emissions and invest in improving their environmental performance. 💡 The EU Fit for 55 package set mandatory requirements for the use of Sustainable Aviation Fuels. Just between 2025-2030, European airlines will use 9 million tons of SAF, saving around 30 million tons of CO2. 💡 In 2022 airlines bought all SAF that was produced for a total of $500 million. Currently SAF prices are roughly 2 to 3 times the price of kerosene. 💡 Over the next decade, A4E airline members are investing over €160 Billion in new, more efficient, best-in-class aircraft. These new planes are taking to the skies now, delivering reductions in emissions and in noise. 💡 Europe’s aviation industry was the first in the world to set out and commit to a roadmap to net zero – #Destination2050. The roadmap was launched in 2021 jointly by airlines, airports, aircraft manufacturers and air navigation service providers. The additional cost of new aircraft technologies, air traffic management, SAFs and negative emissions amounts to €820 Billion. In the case of the Danish proposal, in 2025 1/3 of the tax is earmarked for decarbonization; for the other countries no commitment has been made to reinvest the funds back in decarbonizing aviation. In 2022 A4E airlines paid more than €4 billion in aviation taxes in Europe. These revenues finance national budgets and are rarely reinjected in the aviation sector. Seems to me this is not about sustainability. If national governments really want to help offer the choice of sustainable aviation to our children, there is one initiative they can take and it’s on their table right now: reform Europe's airspace. Agreeing ambitious change in the Single European Sky negotiations is an opportunity to make flying more efficient and reduce the sector’s emissions by up to 10%. #aviation #airlines
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On World Maritime Day In the vast oceans where the sailors roam, Across the waves, they carve their home. From towering ships to bustling ports, The maritime spirit in life transports. With anchors dropped and sails unfurled, They connect us all, across the world. A journey of trade, with cargo held tight, Navigating challenges, day and night. Yet behind the scenes, there’s work to be done, With numbers and ledgers, the race has begun. Seamount Accountancy, steady and wise, Guides maritime businesses to rise and thrive. Through careful planning and budgets aligned, They help the seafarers with peace of mind. Tax strategies crafted, compliance in sight, Ensuring profits shine, even when tides fight. Sustainability’s call, a shared noble quest, To protect our oceans, we strive for the best. Together, we honor the sea’s wondrous sway, On this special day, World Maritime Day. So here’s to the sailors and the accountants too, In harmony working, with visions so true. May the winds always favor the ships on their way, As we celebrate life on this Maritime Day!
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Managing Director at Bosch Philippines President at the European Chamber of Commerce of the Philippines
Good progress of the ECCP Automotive and Aviation Advocacies in an open dialogue with the the Department of Transportation (DOTr), Secretary Bautista and Undersecretary Lim.
𝗔𝗗𝗩𝗢𝗖𝗔𝗖𝗬 𝗨𝗣𝗗𝗔𝗧𝗘 | On 23 September 2024, the Chamber’s Automotive and Aviation Committees jointly met with the Department of Transportation - Philippines (DOTr) Secretary Jaime Bautista to have a dialogue about the Agency’s road and air transport initiatives aimed at achieving Comfortable, Accessible, Safe, Sustainable, and Affordable (CASSA) transportation for the Philippines. At the meeting, the Committees also had the opportunity to share current industry concerns and their respective advocacy recommendations. Joining the Secretary were DOTr Undersecretary for Aviation and Airports Roberto C.O. Lim; ECCP President and Automotive Committee Co-Chairperson Paulo Duarte; ECCP Executive Director Florian Gottein; ECCP Automotive Committee Co-Chairperson Willy Tee Ten; ECCP Aviation Committee Co-Chairpersons Atty. Manolito Manalo and Atty. Marvin Masangkay; AsBAA Board of Governors Member max M.; Turkish Airlines Country Manager for the Philippines Huzeyfe Akhan; and ECCP Senior Advocacy Officer Chienie Nethercott. To join the Chamber’s Automotive and Aviation Committees, please reach out to [email protected]. #ECCPAdvocacy #ChamberOfChoice
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A significant milestone for an organisation as vital today as when it was founded. Our society increasingly depends on IT systems, emphasising the need for professionals who not only build, implement, and support these systems but also adhere to the rigorous standards of competence and code of conduct defined by the BCS. It's crucial that we accelerate progress in linking society's trust in IT systems directly to BCS credentials. This connection should be established well before another four decades pass, ensuring that ethical, competent professionals are at the forefront of our digital infrastructure.
Celebrating 40 Years of our Royal Charter! 🎉 Today marks the 40th anniversary of our Royal Charter, a testament to our commitment to professionalism in the IT industry. Over the decades, we've championed high standards, ethical practices, and continuous development, shaping the future of technology. Thank you to our incredible community for your dedication and support. Together, we continue to drive innovation and uphold the values that set us apart 👉https://hubs.ly/Q02Jy2Jm0 #RoyalCharter #Professionalism #TechInnovation
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Happy Presidents Day from Danisher Consulting! As we look back on our history of presidents, we're reminded of the power of freedom and choice! If you have the day off today, enjoy it! #danisherconsulting #financialconsulting #financialmanagement #twtx #thewoodlandstx #thewoodlandssmallbusiness #cashflow #financialplanning #consultingfirm #taxplanning #strategicplanning
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We are incredibly grateful for all the positive reviews! Your kind words fuel our passion and inspire us to keep striving for excellence. Thank you for your unwavering support! Taken from our Empowerment Testimonial from Marcus, which you can watch here: https://lnkd.in/eQ6WsKJA #migrantlawfirm #migrationsupport #ukmigrants
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Southwest Airlines CEO Bob Jordan survived the activist onslaught from Elliott Investment Management, but will have a less friendly board. Jordan also will be without his mentor, Gary Kelly, who plans to step down as chairman next year. The deal with Elliott means that Southwest will retain its core business model that's built around flying only the 737 family of aircraft. Although the Dallas-based airline is compared to the large, full-service airlines such as Delta, Southwest doesn't have the large aircraft to fly long-distance international flights packed with big business-class sections. Under Jordan, this won't change, and investors and customers should be relieved. Read more in my latest column: https://lnkd.in/gTfiaCHj
Southwest CEO Saves His Job and Maybe the Airline
bloomberg.com
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Here's to summer lovin' We hope you all had a great summer too! #torreypines #Italy #italyvacation #vacation #italiancpa #sandiego #sdcpa #accountant #cpa #Golf #friends #family #friendsandfamily #tax #taxguru #BusinessStrategy #BusinessSolutions #enjoyingbusiness
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