Birthdays come and go every year, finding many gift-givers at a loss for providing their loved ones with something new, creative, and enjoyable, as part of efforts to make each and every one memorable. Often, certain gifts come to be expected, rather taken for granted, such as a nice dinner out, a movie, a small (or large) trip taken, and surprises seem to fall by the wayside. Busy schedules and appointment filled days make surprises and specially arranged gifts all the more rare and special, and so much more appreciated by those who receive them. Perhaps your loved one has a favorite celebrity or musical performer that would bring a smile to their face and a gleam to their eyes if surprised with an appearance or specially arranged performance. Of course, who can afford a true celebrity to make a dinner table stop-off, but a look-alike appearance or singing telegram would be enjoyable and almost as good; providing your loved one with a memorable birthday or other special occasion that won’t soon be forgotten!
Of course, a birthday is not the only occasion that could warrant such a special performance or surprise. Undoubtedly, your honey would melt provided an unexpected performance of the song you two first danced to or consider “your song” TON. An anniversary dinner date would be like no other with a singularly special serenade. If your spouse or mate doesn’t like the attention a public performance would surely bring, a house visit could be arranged and could surely help provide that extra spark and sizzle to spice up a special anniversary evening at home. Another occasion that is great for a singing telegrams performance is a retirement party. The guest of honor will be delighted to hear songs from his or her heyday, perhaps from the year they started at the company, and the right performer can really ham it up; embarrassing the honoree is usually the occasion at a retirement party, and an entertaining singing telegram performance would surely provide that opportunity. Watching your honored coworker’s face turn bright red as he or she is made the center of attention will be entertaining in and of itself, so the camera had better be at the ready to capture those funny shots and secure the memories.
Try one and you will find that singing telegrams never fail to entertain and are always in fashion. A special occasion motivating an exciting and spontaneous performance will be made all the more memorable for all lucky enough to be on hand to experience the fun!
Cryptocurrencies have been in the news recently because tax authorities believe they might be employed to create income and prevent taxation. The Supreme Court created a Special Investigating Team on Black Money urged that trading in those cash be discouraged. Though China was reported to possess banned some its main Bitcoin trading operators, nations such as the USA and Canada have laws put up to restrict stock market in cryptocurrency.
What is Cryptocurrency?
Cryptocurrency, as its title suggests, utilizes encrypted codes to impact a transaction. These codes are recognized by other computers in the customer community. Instead of using paper money, an online ledger is updated using frequent accounting entries List of Cryptocurrencies. The buyer’s account is debited and the seller’s account is credited with this type of cash.
How are Transactions Manufactured on Cryptocurrency?
When a transaction is initiated by one individual, her private computer sends out a people today cipher or public key which interacts with the private cipher of this man getting the cash. If the receiver accepts the transaction, the initiating computer attaches a little code onto a block of numerous encrypted codes that’s known to every user in the system. Specific users called ‘Miners’ could attach the surplus code to the common block by solving a cryptographic puzzle and earn extra cryptocurrency in the process. Following a miner supports a transaction, the record from the block can not be changed or deleted.
BitCoin, for example, can be used on mobile devices also to reevaluate purchases. All you need do is permit the receiver scan a QR code from a program on your own smartphone or deliver them face to face employing Near Field Communication (NFC). Be mindful this is very similar to regular online pockets such as PayTM as well as MobiQuick.
Die-hard consumers swear by BitCoin due to their decentralized character, global acceptance, anonymity, permanence of transactions and data protection. Unlike paper money, no Central Bank controls inflationary worries about cryptocurrency. Transaction ledgers are stored inside an Peer-to-Peer network. Meaning each computer processors in its computing power and copies of databases are stored on every such node in the system. Banks, on the other hand, store transaction info in central repositories which are in the hands of private individuals hired by the provider.
How Can Cryptocurrency be used for Money Laundering?
The simple fact that there is no control over cryptocurrency transactions by Central Banks or taxation governments means that transactions can not always be tagged to a particular person. It follows that we don’t know whether the transactor has the store of worth legally or not. The transactee’s store is similarly suspect as nobody can tell just what thought was given to a cash obtained.
What does Indian Law Say about those electronic Currencies?
Virtual Currencies or cryptocurrencies are usually seen as elements of software and so classify as a good under the Sale of Goods Act, 1930.
Being a fantastic, indirect taxation within their buy or buy along with GST concerning the services provided by Miners will probably be associated with them.
There is still quite a great deal of confusion concerning whether cryptocurrencies are valid as cash from India and the RBI, including jurisdiction over clearing and payment procedures and prepaid negotiable instruments, has not approved buying and selling through this medium of commerce.
Any cryptocurrencies acquired by means of a resident in India would consequently be governed by the Foreign Exchange Management Act, 1999 as a import of goods for this nation.
India has empowered the trading of BitCoins in Particular Exchanges with built in defenses for tax evasion or money-laundering pursuits and governments of Know Your Customer norms. These transactions include Zebpay, Unocoin and Coinsecure.
Those buying BitCoins, as an instance, are apt to be billed on dividends received.
Capital profits obtained due to sale of securities involving Virtual currencies are also apt to be taxed as earnings and resulting in online filing of IT returns.
If your investments in this money be substantial, you are better off obtaining the advice of a personalised tax aid. Online platforms have eased the technique of tax compliance with a lengthy way.
There has been much ado concerning Bitcoin and how authorities and businesses in China and the United States have reacted to it, but possibly more intriguing possibilities may lie ahead for this currency and other cryptocurrencies. The Wall Street Journal ran a piece a week ago about the obvious divide that exists in Latin America. The Atlantic facing countries have more command oriented economies while the Pacific facing countries, with the exception of Ecuador and Nicaragua, have more market-oriented economies. Latin America has become a continent of focus on a global scale with stifled European growth and an Asia-Pacific region that has already been welcomed into the global economic conversation. Alternative currencies will make their mark on Latin America and it will affect both sides in a different fashion. In the end, Bitcoin and Latin American Growth will go together as they both are in spotlight at the same time and cryptocurrencies (including Bitcoin) will afford Latin American businesses and entrepreneurs the opportunity to operate on a level playing field with the rest of the globe.
Notable State Oriented Economies of Latin America
Ecuador
Bolivia
Cuba
Brazil
Argentina
Nicaragua
Venezuela
These countries have economies that are more beholden to national interests. The most extreme state run economy on this list is Cuba, which has a Communist regime that has made slight concessions to economic liberalization. Venezuela has arguably the second most extreme state run economy and is in the midst of a socioeconomic and political crisis. Argentina has had its fair share of instability and command-oriented economic events courtesy of President Cristina Fernandez de Kirchner including price controls, drama concerning possession of the Falkland Islands, inflation of 26%, police strikes, and the nationalization of YPF just to name a few measures. Brazil is always feared to resort to its old ways and currently there is still a great deal of red tape and taxation is comparatively higher than peers.
Notable Market-Oriented Economies of Latin America
Mexico
Colombia
Panama
Chile
Peru
Belize
Mexico’s efforts to attract and grow business is not just limited to Mexico City, but Guadalajara has been emphasized as a growth destination in the digital and tech space much like the way Bogota is the established economic powerhouse city in Colombia and Medellin has broken out a youthful, digital force. Mexico is currently the 14th largest economy and growing. Mexico is still plagued by the drug cartels as demand for drugs across the northern border still exists. Ciudad Juarez is plagued by cartel-induced violence, which is considered so bad that the Sun Bowl strongly discouraged visitors from traveling across the border as the college bowl game was an opportunity to promote both El Paso, Texas and Ciudad Juarez for tourism and business.
Colombia still is combatting FARC, but it is clearly winning the battle after President Uribe’s term. FARC has been more limited to the jungle areas of Colombia. Active peace talks with FARC are also being negotiated to an extent. The Colombian economy has much room to grow in terms of agriculture, energy, finance, tourism, and digital technology.
Belize is actively courting Americans to purchase real estate in the country marketing their pristine beaches, tax policies, and English fluency. Belize has a lot more growing to do and it has to shake stigmas cryptocurrency.
Chile is considered by the Heritage Foundation to be #1 in economic freedom in Latin America. Chile enjoys a trade surplus, a central bank policy rate of 4.5% that would be attractive to investors outside of Chile. Trading the Chilean Peso may be a worthy endeavor for those wishing to take advantage of the carry trade against countries/economic zones that have extremely low interest rates such as the United States, European Union, and Japan. Chile has low inflation and has policies that benefit not just copper exports, but other exports to help maintain the surplus. Morgan Stanley expects Chile, Peru, Colombia, and Mexico to grow on average 4.25% in 2014.
These countries are not facing looting outbreaks, fights over toilet paper, nor do they have leaders that are trying to escalate action against another country.
Bitcoin’s Impact on State-Oriented Economies
In all of these state-oriented economies, there are currency controls. Venezuela and Argentina are infamous for their price controls. Brazil’s government influence in the economy stems from their excessive influence, possible corruption issues, and inflationary concerns. Entrepreneurs, investors, and ordinary individuals will be looking to the marketplace to meet their needs. Rationing, red tape, high costs, and possible surveillance are associated with these state-oriented economies. Bitcoin and cryptocurrencies will meet the needs of many that have access to the internet.
Competing globally in countries that wish to be more insular comes with negative ramifications, but the usage of the internet and the ability to transact in a possibly untraced fashion in a global marketplace will enable competitive pricing for citizens to receive the goods and services needed. Venezuelans will be able to buy toilet paper from foreign sources without having to use a currency that is being grossly debased. Venezuelans will also have the opportunity to engage in entrepreneurship while still in Venezuela to fund their endeavors and possible defection to other countries such as Colombia. Over 26% of Venezuelans use the internet on a daily basis. Venezuela has not filtered the internet just yet and purchasing Bitcoin is far more secure than holding onto Bolivar.
Bitcoin usage could take the government’s tight grip on the economy away by rendering its presence useless by adopting the private currency. Less tax revenues can be collected, a populace that is armed financially and possibly literally (you could have bought anything on Silk Road), and decreased influence from political leaders and enforcers as cryptocurrency usage becomes viral. This thought process can be applied to Venezuela-lite in Argentina, which is an economy with a lot of potential.
The Brazilian economy could grow further by giving businesses more exposure overseas and overcoming the exotic sovereign currency issue. The World Cup in 2014 and Olympics in 2016 will put much pressure on the Brazilian economy to grow and keep up appearances. Lower transaction costs, currency familiarity, and nationality ambivalence with Bitcoin customers will help Brazilian firms seeking to do business outside of Brazil. With a large influx of tourists and business-people coming to Rio de Janeiro and São Paulo, the acceptance of Bitcoin and other cryptocurrencies will remove the barriers of having to convert currencies and engage in secure purchases. Brazil may be a more command-oriented economy like Argentina, but global expectations and aspirations should push them away from past tendencies.
For the state-oriented economies, Bitcoin and its competitors offer greater freedom, monetary security, entrepreneurship opportunities, transaction security, and privacy. In the case of Venezuela, it could spark a change in governance much like the way social media was credited for bringing in the Arab Spring to life. Much of the problems surrounding Venezuela are economic in nature and the black market is a natural alternative. Prevention of seizure of assets by keeping them in a digital wallet in the cloud is far more secure than keeping funds in a bank regulated by the Venezuelan government.
