Friday, November 19, 2010

Bangalore City Bus Routes, Timing & Information


City buses are the best and economical way for transport and provides point to point pick and drop to customers. Bangalore City also has bus transport which controls all the buses operations. The Bangalore Metropolitan Transport Corporation is responsible for Bangalore City buses.

If you are new to the city of Bangalore and you would be confused about the bus routes and bus numbers. You would be looking to figure out the bus routes and timings. Here are the three different services which will help you to keep a track on Bangalore City buses and provide you information of what you are looking for.

Bangalore Metropolitan Transport Corporation (BMTC) offers bus route and their scheduled timing information on their website. BMTC has offered this services to third party provider like YulopIndia and the bus routes can be found at BMTC Banglore Bus Routes.

BMTS Bus Routes

There are two kind of searches that you can do here

Source to Destination Search

In this you need to provide the Source from where you want to get in into bus and your destination stop and click on Go. This will provide all the relevant buses operating in that route.

Search according to Bus Numbers

You can search accordingly to Bus Numbers at BMTC portal. Provided the bus number if you know and you will get the listings by which routes it operates and the respected Bus stages.

Overall this is a good portal which shows whole the route in Google maps automatically and stage names with bus number search option but it lacks the schedule and timing information which makes it just a portal but not a live access portal.

BTIS Route Search

BTIS portal at BTIS Bus Search Guide provides exclusive information and portal for city buses operating in Bangalore. It provides three type of searches for you

Bus SearchRoute Number SearchBus Tracking

Bus Search

If you are looking for a point to a destination bus search then this is the right place to look out for buses. Enter your from and to station and the route will be displayed on the Google Maps.

btis bangalore bus routes

Route Number Search

The Route number once provided with the bus number will provide the information related to the particular bus like stages and destination station. The route map will be shown on the Google maps also.

Bus Tracking

It provides the real time traffic to a particular bus that you select.

BTIS also offers maps services for mobile phones through apps which can be accessed from your mobile phone too.

However its recommended that you verify details provided by these services with your local authorities. Buses in Bangalore mayn’t run in schedule as it maybe delayed due to traffic or some technical reasons.


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Round-tripping via Mauritius


Somehow we missed this excellent story which came out in May this year in Africa-Asia Confidential, a sister publication to the highly respected insider newsletter Africa Confidential.

It is all about Mauritius, a very dirty Indian Ocean secrecy jurisdiction. The article explores its tax treaty with India, looks at reforms now underway to the Indian tax system which we hope will mitigate some of the harm caused by the Mauritius loophole, and discusses high-profile scandals involving Indian round-tripping via Mauritius.

Round-tripping, as it happens, gives the lie to one of the great claims made for tax havens by apologists such as James Hines of Michigan Law: that they stimulate foreign investment (FDI) in onshore jurisdictions nearby. You see, that extra "FDI" is not really FDI, but LDI (local direct investment): it is local investors taking their money out to a place like Mauritius, dressing it up in offshore secrecy, then returning the capital home, gaining the special exemptions (such as zero tax rates) put in place to entice foreign investors -- then laughing as their fellow citizens toil to pay the taxes that they have escaped, or suffer from the reduced public services. And of course the secrecy provides cover for all kinds of crime and market abuse.

Round-tripping is a thoroughly, thoroughly corrupt and corrupting business.

For those who want to see some real examples about why tax havens cause poverty, undermine and distort markets, and foster large-scale crime, read the full article here.


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On the Bangkok Declaration


The 14th international anti-corruption conference has produced the Bangkok Declaration: a wordy set of wish-list points and exhortations which, while containing nothing that we would specifically disagree with, was notable for a number of shortcomings. First, it would have far more impact if they had kept it to 500 words: something like the New Haven Declaration, perhaps.

There was also much discussion of individual acts of corruption, important though they are to focus on, and very little on the systemic aspects of it. Read more on that here. Buried down in the 3,000 word declaration was one ray of light, from our point of view:

"The need for a more efficient exchange of information across jurisdictions"
Which is good, if rather vague. But still, no mention of tax havens, no mention of tax, no mention of tax information exchange agreements, and no mention of country by country reporting. But we will get there. The message is spreading quite fast.

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dynasties smoke hydrosphere


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Rand Paul says there are no poor people


Well, he kind of says that, in defense of tax cuts for the richest Americans. In fact, the libertarian U.S. politician said:
"There are no rich, there are (sic) no middle class, there are no poor, we are all interconnected in the economy. . . we all work for rich people, or we sell stuff to rich people . . . "
Here is Steven Colbert, framing the issue, with questions such as this one:
"If a poor family falls on hard times in the woods, and nobody is there to care - then did it really happen?"
And don't forget to watch the little notes on the right hand side, as he speaks. (Some people have said they can't access the video; this link might help.)

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Why do we need a General Anti-Avoidance Principle?


Back in 1936 the British House of Lords asserted in the landmark Duke of Westminster Case that
"Every man is entitled to do what he can to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure that result, then, however unappreciative the Commissioners of Inland Revenue or his fellow taxpayers may be of his ingenuity, he cannot be compelled to pay an increased tax."
It was, in effect, a green light for tax avoidance. Yesterday the UK Trades Union Congress (TUC) published a briefing on what is known as a General Anti-Avoidance Principle (GAntiP), a way to tackle tax avoidance (which, by definition is not illegal, but also by definition, deliberately gets around the spirit of tax legislation). The briefing was written with the UK in mind, but it has global relevance.

Some tax avoidance can be tackled by specific targeted legislation, it notes; but that is not true in all cases. As it says:

Tax avoidance . . . exploits the gaps in UK legislation and that of other territories. We believe this to be a major contributory factor in the loss arising as a result of corporate tax abuse.

Some argue that if there are such gaps and loopholes then this is the fault of government and that if such loopholes exist then the government should expect smart tax lawyers and accountants to exploit them on behalf of their clients. We do not agree. No law can anticipate all circumstances that can arise and no law can be written in such way that there is never any doubt as to its interpretation: the very nature of language ensures that such doubt will always exist. In addition, the sheer complexity of the modern commercial world means that it is inevitable that there will gaps in the legislation that mirrors that complexity.

And this is where the GAntiP comes in.

The idea behind a General Anti-Avoidance Principle is simple: it would say that if one or more steps are added into a series of transactions with the sole or principle aim of securing a tax advantage (which is defined as a saving in tax) then that step in the transaction is ignored when it comes to calculating the tax due on the transaction. In other words, it tackles pre-meditated attempts to subvert the intention of the tax system that might artificially exclude income from account for tax or that provide tax reliefs that do not reflect the substance of the transactions otherwise undertaken.

Such a law can help governments pass legislation seeking to prevent tax avoidance; it can be used to attack existing avoidance arrangements in a way that relies not on legalistic interpretations but by looking at the arrangement on the basis of a just and equitable interpretation of the law; and it puts taxpayers in a better, clearer position because they know that tax avoidance does not pay. And, not least, it would help us overturn the mentality that gripped the corporate world since the Duke of Westminster case.

From Tax Research. And read more about GAntiP, from Judith Freedman, here.


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A history of information exchange


This blogger has just come across a fascinating United Nations document, exploring (among other things) the history of efforts by developing countries to get a fairer global tax system, in the face of determined efforts to stop them. Dated August 2003, and entitled Institutional framework for international tax cooperation, it is a trove of useful historical information for those interested in understanding how we got to the current, cynical global set-up.

One key paragraph written then could have been written today:

"The Monterrey Consensus has imposed on the developed countries an obligation to assist developing and transitional countries in establishing the enabling domestic environment necessary for resource mobilization. As discussed above, that obligation is not being met. It is unlikely to be met any time soon under the existing institutional framework for international tax cooperation."


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Investment firm files resolutions on illicit flows


From Harrington Investments:
"Harrington Investments, Inc. (HII), a socially responsible investment advisory firm has filed shareholder resolutions at Citigroup, Bank of America and JP Morgan Chase, calling for the adoption of principles to stem illicit financial transactions which are the result of government corruption and bribery, tax evasion, money laundering, illegal arms deals and the movement of money by drug cartels
It is superb to see the private sector starting to come through on these crucial issues. This is, after all, something that affects reputation and the bottom line, not to mention the billions of human beings whose lives this stuff impacts upon:
"Shareholders, as principals, need to make sure that our agents, corporate executives and bank boards of directors, respond as responsible fiduciaries to protect our banks’ integrity and reputation by developing industry-wide standards."
Heather Lowe, Legal Counsel and Director of Government Affairs for our friends at Global Financial Integrity in Washington, said:
"These resolutions are all about reducing the risk that illicit funds even get to the banks, and if they do, making it easier for banks to identify the bad actors. They are based on recommendations put forward by the Senate Permanent Subcommittee on Investigations earlier this year and recognize that banks need support in their efforts to root out illicit money. We hope that shareholders also recognize the value of making a bank’s partners part of the solution to this global problem."
Harrington's shareholder resolutions are based around four core principles:
That there should be established by governments or other third parties an international, publicly administered database of politically exposed persons so that all financial institutions can access it, and be privy to the same information, to enable consistently rigorous due diligence across the industry.That other actors in financial market transactions, such as realtors and escrow agents, attorneys and their client accounts, should be subject by public policy to strict anti-money laundering safeguards.That all privately held corporations that seek access to US financial markets should be obliged by public policy to disclose the names of natural persons having a substantial economic interest in such entity or exercising de facto control over its policies or operations.That the United States government should implement these principles through its policies, and by advocating for appropriate international mechanisms.Congratulations to them for blazing this trail.

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Coach Tote Bags Black Gold


 ”A dream of red mansions” for women earn literary history of equality between men and women. Cao xueqin love women not only, still understand a woman, so he wrote a ugg australia woman’s book, female talent watching. Moreover, the man also watching. I wish the woman saw can better understand myself more. I wish to see the man understands the woman some more.
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The case of the disappearing tax havens


When the OECD first published its black/white/grey list of tax havens to coincide with a G20 meeting on April 2, 2009, it contained four blacklisted jurisdictions, Costa Rica, Malaysia, Philippines and Uruguay -- and 38 on the grey list.

Within five days, the blacklist was declared empty. Countries had been able to get off the blacklist simply by promising to co-operate with the OECD's hopelessly inadequate standards. Eurodad explores the issue here. As they noted:

"It is worrying that while the G20 have called for sanctions against tax havens, none has been announced yet. Paradoxically it is rather the other way round: tax havens seem to be dictating the way the OECD should operate."
We would tend to concur. The OECD has now produced a new, squeakier-clean tax haven list. The blacklist remains empty. The 38 has been reduced to just nine. These nine represent, according to IMF data, less than two percent of total trade in cross-border financial services. John Christensen, TJN's director, said:
"This tells us that the OECD have now given carte blanche - that is, white-list treatment - to 98 percent of the global market in offshore financial services. Are they really trying to tell us that the offshore problem is almost solved?"
Now get this. The G20 originally declared a vague intention to apply sanctions to jurisdictions that did not co-operate. Presumably this referred to the blacklist, but we would argue that a far broader set of jurisdictions deserve sanctions. Anyone for Panama?

And what does the OECD now say about sanctions?

"Neither the Global Forum nor the OECD has the power to impose sanctions on countries that do not implement the standards. Individual countries whether OECD or non- OECD will decide for themselves what actions they consider necessary to ensure the effective enforcement of their tax laws. The G20 has produced a list of potential measures based upon an analysis provided by the OECD."

In other words, sauve qui peut. Or, more prosaically, business as usual.


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UK tax avoidance: mass protests coming


From UK Uncut:
"We’ve been a bit quiet. But we’ve been plotting. On Saturday December 4th there will be a day of national mass direct action against tax avoiders. Watch this space. More details soon."
(background is here.) They also note:
"Vodafone executives have admitted today that, rather than UK Uncut shutting down a “small number” of stores, as previously claimed, we in fact shut down almost ten per cent of their stores in October 30th, including several of the biggest ones.
Now from the Metro:
"Few details are available about what the protests will involve, but the group plans to use Twitter to alert its activists and new converts to the cause to where the demonstrations will take place. The Sunday Telegraph has named UK Uncut's leader as television producer Thom Costello and he told the newspaper the next demonstration will be on a 'significantly bigger scale' than anything the group has done before."
Excellent that people are now paying attention to this parasitic activity. It's also interesting to note that Costello is only 22 years old.

We will be watching this with great interest.

We should also point out, in this context, an excellent article from Nick Cohen in the Observer. Read the whole thing: it is well worth it.

"It shows that the Revenue is prepared to have one law for the wealthy and another for the rest and undermine the moral basis of the system over which it presides."
Cohen also puts paid to the propaganda from Vodafone and the British government that the six billion pounds of dodged tax is, as they put it, "an urban myth." Private Eye has the full details here. It is a sorry tale.

Finally, TJN has now done its own bit. We have stopped using Vodafone and moved - lock, stock and barrel - to the Phone Co-op.


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Does the UK Conservative Party know to whom they are paying rent?


From the Land Matters blog (hat tip: Chris Jordan, ActionAid)
Amidst all the press coverage of the student demonstration in London on Wednesday, one small question was niggling me as I watched the windows being smashed in Millbank Tower. Whose windows? Who owns Millbank Tower?
And the answer?

A 2 minute search of the Land Registry turned up Title Number NGL886677 together with a plan which reveals that the 21-24 Millbank and 25 and 30 Millbank are owned by Basio Holdings Ltd. of 1 Palm Chambers No. 3, PO Box 3152, Road Town, Tortola, British Virgin Islands.

So the Conservative Party (who rent offices in No. 30) are paying rent to a company in the British Virgin Islands. I hope they are aware of the Non-Resident Landlords Scheme.

Well done that blogger. We think the world needs to know more about this arrangement. The FT says it belongs to the Reuben brothers, two property tycoons who made their fortune in Russian aluminium during the chaotic 1990s. Could be.

(Separately, the Land Matters blog has also published a Land Value Tax proposal for Scotland.)


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