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Category: Taxation

  • MIL-OSI: 0 equipment, 0 skills, 0 threshold, RICH Miner allows you to earn while playing!

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 27, 2025 (GLOBE NEWSWIRE) — In traditional concepts, mining means investing thousands of mining machines, spending huge electricity bills, and understanding complex mining machine configuration and maintenance. For ordinary users, this high threshold almost makes the possibility of mining out of reach. But now, RICH Miner breaks this barrier and realizes true “0 equipment, 0 skills, 0 threshold” cloud mining, allowing you to easily start the cryptocurrency passive income mode with just a few clicks.

    Platform highlights

    1. 0 equipment: All mining machines are borne by the platform
    Global green mines: RICH Miner has self-built or cooperative mines in North America, Europe, and Southeast Asia, all of which use clean energy (wind, solar, and hydropower), without the need for users to purchase, deploy, or maintain any hardware.

    Centralized operation and maintenance: Professional teams monitor 24/7 to ensure stable computing power output and avoid any downtime or performance degradation.

    2.0 Skills: AI fully automatic mining
    Intelligent computing power scheduling: The built-in AI algorithm monitors the income status of major mining pools in real time, and automatically allocates your computing power to the mining pool with the highest output, without manual switching.

    One-click start: After registration, click “Start mining”, and the system will run immediately, without command line or server setup.

    3.0 Threshold: Free experience + flexible contract
    Register for benefits: New users can get a $15 reward and experience the mining process at zero cost.

    Multiple contracts: short-term daily settlement, 7 days, 30 days, multiple options; how much computing power to invest, freely decide, flexibly meet different budgets and needs.

        Contract Potential Profit Table
    Contract Price Contract duration Daily income Total revenue
    $100  2 $3  $100.00 + $6
    $700  8 $8.68  $500.00 + $69.44
    $1,600  15 $21.60  $1600.00 + $324
    $3,300  18 $46.20  $3300.00 + $831.60
    $5,600  22 $84.00  $5600.00 + $1848
    $8,800  28 $140.80  $8800.00 + $3942.40

    All contract income is fair and open-control your wealth freedom anytime, anywhere, and download the official APP with one click.

    (Click to download mobile APP)

    RICH Miner provides a trustworthy, transparent and environmentally friendly way to accumulate wealth with minimal effort.

    Deposits support multiple currencies: BTC, ETH, XRP, DOGE, USDT and other mainstream currencies are available.

    Revenue mechanism and user benefits
    Daily automatic settlement: The system will settle daily income in seconds according to the computing power held, without manual claiming.

    Flexible withdrawal: After reaching the minimum withdrawal threshold, you can withdraw the currency to your personal wallet or exchange with one click, and the funds flow freely.

    Invitation reward: Share the exclusive invitation link, and after your friends register and start mining, you can also get an additional 3% reward, realizing the dual benefits of “playing and earning + team”.

    User Voice
    “I have never been involved in mining before. It took less than five minutes to register RICH Miner and I didn’t even have to worry about the electricity bill. I received dozens of dollars on the first day. After a month, my side income exceeded 2,000 US dollars. It was a surprise!”
    – Laura, a user from Mexico

    “The platform can see the increase in income every day. It is much more stable than speculating in coins, and it can be operated with a mobile phone. Instead of leaving the coins in your wallet idle, it is better to use it to help you make money!”
    – Markus, a user from Germany

    Conclusion: Everyone can become a “digital miner”
    In RICH Miner, mining is no longer exclusive to technical gods, but an easy game that anyone can participate in. 0 equipment, 0 skills, 0 threshold, so that every user can enjoy the fun of passive income. Don’t let your digital assets lie in your wallet in vain, register RICH Miner now, receive your free computing power, and start a new experience of earning while playing!

    Act now: Click here to register and start your smart cloud mining journey now!
    Official website: https://richminer.com
    Official email: info@richminer.com

    Attachment

    • richminers

    The MIL Network –

    June 28, 2025
  • MIL-OSI China: China clarifies rules on submission of tax-related information by internet platform companies

    Source: People’s Republic of China – State Council News

    China clarifies rules on submission of tax-related information by internet platform companies

    BEIJING, June 27 — China’s State Taxation Administration has issued two notices clarifying the obligations of internet platforms in submitting tax-related information and handling personal income tax withholding for their workers.

    The administration said the two notices it issued provide detailed guidance to ensure effective implementation of rules to regulate internet platform companies’ submission of tax-related information.

    The rules went into effect on Monday.

    MIL OSI China News –

    June 28, 2025
  • MIL-OSI China: China clarifies rules on submission of tax-related information by internet platform companies

    Source: People’s Republic of China – State Council News

    China clarifies rules on submission of tax-related information by internet platform companies

    BEIJING, June 27 — China’s State Taxation Administration has issued two notices clarifying the obligations of internet platforms in submitting tax-related information and handling personal income tax withholding for their workers.

    The administration said the two notices it issued provide detailed guidance to ensure effective implementation of rules to regulate internet platform companies’ submission of tax-related information.

    The rules went into effect on Monday.

    MIL OSI China News –

    June 28, 2025
  • MIL-OSI Russia: China’s cultural industry revenue hits record high in 2024

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 27 (Xinhua) — Revenues of major enterprises in China’s cultural and related industries are set to hit a record high in 2024, official data showed Friday.

    According to the National Bureau of Statistics (NBS) of China, the total income of such enterprises for the period was 19.14 trillion yuan (about 2.67 trillion US dollars), which is 7.1 percent more than a year earlier.

    The GSU data showed that all nine major sectors of the cultural industry achieved significant revenue growth in 2024. In particular, the cultural media production, news and information services, content creation and creative design services sectors saw rapid revenue growth of 11.2 percent, 8.6 percent, 8.4 percent and 7.2 percent, respectively, year-on-year.

    According to the NBS, the cultural industry revenue in the eastern and central regions of the country was 14.18 trillion yuan and 2.87 trillion yuan, up 7.8 percent and 7.3 percent year on year, respectively, higher than the national average.

    In 2024, the above-mentioned enterprises invested 162.5 billion yuan in R&D, up 1.7 percent year-on-year. -0-

    MIL OSI Russia News –

    June 28, 2025
  • MIL-OSI Africa: Stronger Health Through Smarter Taxes in Mauritius


    Download logo

    WHO has joined forces with VISA NGO and the University of Cape Town to assess the impact of increasing health taxes in Mauritius. Using a simulation tool, the study examined how tax hikes affect tobacco use, government revenues, and premature deaths.

    A 15% annual cigarette tax increase could:

    • Boost excise revenue by 55%
    • Reduce smoking prevalence from 18.1% to 17.4%
    • Prevent 11,600 premature deaths by 2029

    Even more ambitious action—a 25% annual increase—could:

    • Double excise revenues
    • Lower smoking prevalence to 16.3%
    • Save 19,300 lives by 2029

    On 20 June 2025, WHO convened high-level officials from the Ministries of Health and Finance to discuss the findings, presented by the University of Cape Town’s Research Unit on the Economics of Excisable Products and a WHO taxation expert.

    WHO and VISA echoed the study’s call for regular, significant tax increases—one of the most effective ways to curb noncommunicable diseases (NCDs) 

    Earlier, on 26 May, VISA and WHO presented the findings to key stakeholders including the Mauritius Revenue Authority, Ministries of Education and Youth, the University of Mauritius, NGOs, and consumer groups.

    WHO also applauded the Government’s recent decision to raise taxes by 10% on tobacco and alcohol, and 100% on sugary drinks, extending it to products like chocolate and ice cream.

    “This is a gift to public health,” said Dr. Anne Ancia, WHO Representative. “Higher prices on unhealthy products help reduce consumption—especially in a country where obesity, diabetes and cardio-vascular diseases are leading causes of death and disability.”

    Dr. Ancia also stressed the urgent need to enforce the Tobacco Law 2022, particularly the ban on single-stick sales, which undermines progress in reducing tobacco use through higher prices.

    Distributed by APO Group on behalf of World Health Organization (WHO) – Mauritius.

    MIL OSI Africa –

    June 28, 2025
  • MIL-OSI Asia-Pac: Official fleet licences to be issued

    Source: Hong Kong Information Services

    The Transport Department today announced today that official Taxi Fleet Licences will be issued to all five taxi fleets in July.

    The issuance of the licences means the fleets can build confidence with the public and marks an important step in reforming the taxi trade, the department added. 

    The five operators have been conducting trial operations after being granted provisional Taxi Fleet Licences in July last year. They have provided nearly 120,000 trips to date.

    Stressing that public feedback on the taxi fleets has been positive, the Transport Department said that, after careful consideration, it had decided to adopt a flexible licensing approach in order to benefit the public as soon as possible in terms of service provision. It added that that more and more passengers will come to know and use taxi fleet service upon their official launch. 

    The department elaborated that this in turn will provide fleet drivers with more stable income, thereby attracting more taxi drivers to join the fleets.

    After the licences are issued, the five fleets will be able to use about 80 designated taxi fleet stopping places in 13 locations to pick up passengers on pre-booked trips. The locations include the airport, certain cross-boundary control points and various tourist hotspots.

    Since being issued with their provisional licences, the five operators have been procuring new vehicles, carrying out modifications, installing in-vehicle safety devices, setting up electronic payment systems, developing and testing online hailing applications and training drivers.

    Additionally, they have implemented various measures to recruit taxi owners and drivers, such as participating in thematic job fairs, hosting fleet introduction sessions and recruitment events, and organising activities to showcase new taxi models.

    The Transport Department will closely monitor the performances of the fleets to ensure their services meet public expectations.

    MIL OSI Asia Pacific News –

    June 27, 2025
  • MIL-OSI Asia-Pac: Official Taxi Fleet Licences to be issued in July to offer quality taxi services to public (with photos)

    Source: Hong Kong Government special administrative region

    The Transport Department (TD) said today (June 27) that official Taxi Fleet Licences are scheduled to be issued to all five taxi fleets in July to enable the fleets to commence services as soon as possible and showcase the quality services provided by the taxi fleets, such that it can build up public confidence in taxi services and mark an important step to enhance service quality and reform the taxi trade.

    A spokesman for the TD said, “The TD issued provisional grants of the Taxi Fleet Licence to five selected operators in end-July 2024. All five fleets have now commenced trial operations, and have provided a total of nearly 120,000 trips to date. The public’s feedback on the taxi fleet services has been positive. We have, after careful consideration, decided to adopt a flexible licensing approach to provide the public with an early opportunity to experience high-quality taxi fleet services. Taxi fleets are a new mode of operation. Upon the official launch of the fleets, we believe that through a series of promotions, positive feedback from passengers, benefits for fleet drivers, and the gradual evolvement of the trade’s image, more passengers will come to know and use the taxi fleet services. This will, in turn, provide fleet drivers with a more favourable and stable income, which will help attract more taxi drivers to join the fleets and gradually enhance the fleets’ capacity.”

    The spokesman continued that issuing official taxi fleet licenses enables the TD to effectively oversee the operations and services of the fleets in accordance with licence conditions and requirements, thereby achieving the objective of enhancing and ensuring service quality through the introduction of the taxi fleet regime.

    After obtaining the licences, all five fleet operators can officially use about 80 designated taxi fleet stopping places across 13 locations, such as the airport, certain cross-boundary control points and other tourist hotspots to pick up passengers with pre-booked trips. Signage, information plates, and display panels will be erected at these locations. The TD will also distribute leaflets and display posters featuring QR codes for each taxi fleet’s online hailing service to facilitate reservations by the public and tourists. The Government will also promote the taxi fleet services to the public and tourists through various channels, including the TD’s HKeMobility mobile application, and the networks of the Hong Kong Tourism Board, the Airport Authority, and the Kai Tak Cruise Terminal.

    Since July last year, the five selected operators have been conducting gearing-up work with great endeavour, including procuring new vehicles and carrying out modifications, installing in-vehicle safety devices, setting up electronic payment systems, developing and testing online hailing applications and providing training to drivers. Each fleet has also implemented different measures to recruit taxi owners and drivers, such as participating in a one-stop taxi fleet drivers thematic job fair, hosting fleet introduction sessions and recruitment events, organising activities to showcase the new taxi models and providing new fleet management approaches to taxi owners, etc.

    The TD has been holding regular meetings with the fleets to actively promote and assist their gearing-up work, while co-ordinating and providing support based on their needs during the preparatory stage. For example, in response to the need of various operators to acquire new models of vehicles for use as fleet taxis, the TD has, on the premise of ensuring road safety, streamlined procedures by introducing batch applications and vehicle examinations, and providing facilitating measures in respect of the vehicle examination arrangements. The TD also opened designated stopping places within the prohibited zones of the two control points on May 30 to facilitate the fleets under trial operation in picking up passengers with pre-booked trips.

    After issuing the official Taxi Fleet Licences, the TD will continue to urge fleet operators to proactively recruit taxi owners and drivers in order to achieve the committed fleet size. The TD will also closely monitor the service performances of the fleets to ensure that the service quality meets the public’s aspirations.

            

    MIL OSI Asia Pacific News –

    June 27, 2025
  • MIL-OSI Europe: 2024-03-27 at 16h49 The four crises and seven structural shifts of the last eight years Prime Minister António Costa took stock of the last years in government

    Source: Government of Portugal (PM)

    António Costa took stock of the government’s action in the last eight years, where he was Prime Minister, during a press conference held in the official residence.<.>

    António Costa also referred to the financial system’s greater stability. “The state-owned bank, which many felt should be privatised and that it would be impossible to capitalise, is today not only solvent, but also generated due revenue for the Portuguese economy and citizens”, the Prime Minister claimed. 

    The wildland fires crisis 

    The second crisis noted by the Prime Minister was that of wildland fires, the answer to which included restructuring the civil protection system and a budget reform, which offered prevention a clear priority over fighting. As a result, “if we were to add up the entire area burnt down in the six years between 2018 and 2023 [the result] is 60.7% of the area burnt down in 2017 alone”, he stressed.

    The Covid-19 pandemic 

    The country’s response to this third crisis was “worthy of note”, claimed the Prime Minister. “We were the first country in the world to reach a vaccination coverage of 85%. And the efforts to support the economy and households allowed us to be one of the countries that best came out of the pandemic”, he added. 

    The inflationist crisis

    The fourth crisis arose from the effects of the pandemic, which was still felt, and the war between Russia and Ukraine. This conflict “worsened a situation that came from the pandemic, with the breakdown in supply chains, which led us to the greatest inflationist crisis of the last 30 years”. 

    The rises in interest rates by the European Central Bank to respond to rising inflation “in a society such as hours where mortgages have a high significance and the variable rates are clearly dominant”, together with rising food costs, shot up household costs. 

    “From the start of 2022 to October 2022, inflation soared. We hit 10.1% inflation in October 2022 and since then we have been on a slow, yet sure, trajectory to lower inflation, until we hit 2.1% last February and the forecast is we will remain on that lowering trajectory”, said the Prime Minister.

    SEVEN STRUCTURAL SHITS

    Higher growth

    The Prime Minister stated that between 2000 and 2015 the country alternated between recession and stagnation. “Only in one year of these 15 did we grow above the European average: in 2009. From 2016 onwards, the reality has been quite different “, he said. “In these eight years, the country grew ten times more than what it had grown in the previous 15”, he signalled, noting the 2.1% growth, including in the two pandemic years, “where product naturally fell drastically”. 

    More jobs and more income

    The creation of jobs and improvement in employment conditions contributed to this economic growth. “Today, we have a record number of people working in Portugal: 5 million people. That is an additional 629 thousand jobs than in 2015. And in a context where it was possible to not just to have minimum wages grow 62%, but also average wages having grown 27.7%”, the Prime Minister indicated.

    In addition to the rise in the minimum wage, the Prime Minister also noted rising pensions and improvement in net income. 

    Always in line with the Social Security Basis Law, in these eight years, average pensions rose 23.3%, “with all the rises set down in the law, as well as extraordinary rises to counter inflation”. 

    The improvement in net income came from the “successive drops in income tax IRS” and the “successive measures of non-monetary transfers that cut household expenses”, such as making school books free, reforming the costs of public transports, increasing the number of households that benefit from energy social rates and the “significant” cut in pubic university fees, that went from more than one thousand euros to 697 euros per annum.

    A more qualified country

    This was the shift the Prime Minister considered “perhaps brings the greatest consequences for the future”. António Costa mentioned the “highly significant” drop in early dropouts, where this year we are below the EU average for 2030, and the rise in the number of youths aged 30 to 34 years who completed higher educaiton in 2015, which can only rise, since “if we look at the youths who are 20 years old, 39% attended university in 2015, and today it’s 54%”. 

    A more competitive economy

    “Every year, we beat records in attracting foreign direct investment. Every year, we beat corporate investment records and corporate investment went up 85% between 2015 and 2023”, the Prime Minister stated, advocating that “what offers a modern economy competitiveness is its capacity to have qualified jobs, being more innovative, and this is what enables that innovation”. 

    António Costa also added that the rise in exports, which in 2022 accounted for more than 50% of GDP, and the change in the nature of exports. “Exports of high and medium tech goods increased 71% over these last eight years, which means that complexifying, qualifying, and the added value of our economy have been clearly on the rise”.

    Less inequality

    “Today we have 600 thousand people less in poverty or social exclusion, and especially 226 thousand children less living in poverty or social exclusion”, said the Prime Minister.

    Taking the lead in fighting climate change

    The sixth shift had to do with the country’s position in taking the lead in fighting climate change. “We were the first country in the world, at the2016 Marrakesh COP to undertake the goal of being carbon neutral by 2050. Our Climate Law imposed on us a greater ambition of hitting that target in 2045 rather than 2050”. 

    Since 2017, Portugal has cut back its GHG emissions by 17% “due to the public transport policy and bringing targets such as closing down coal-fuelled power stations forward and increasing the capacity to generate energy using renewables”, the Prime Minister signalled.

    Advances in the State reform 

    The last structural shift mentioned by the Prime Minister had to do with the advances in the State reform, namely concerning the decentralisation of powers, such as transferring the PSP’s traffic tasks to the Lisbon and Porto municipal police, making Carri or STCP (public transport) municipal, or the agreement with the National Portuguese Municipalities Association (ANMP) to transfer powers. Lastly, António Costa referred to the reform of the Regional Development Coordination Committees (CCDR), that are now more democratised and with greater autonomy. 

    View the Prime Minister’s presentation here 

    MIL OSI Europe News –

    June 27, 2025
  • MIL-OSI Europe: 2024-03-27 at 16h49 The four crises and seven structural shifts of the last eight years Prime Minister António Costa took stock of the last years in government

    Source: Government of Portugal (PM)

    António Costa took stock of the government’s action in the last eight years, where he was Prime Minister, during a press conference held in the official residence.<.>

    António Costa also referred to the financial system’s greater stability. “The state-owned bank, which many felt should be privatised and that it would be impossible to capitalise, is today not only solvent, but also generated due revenue for the Portuguese economy and citizens”, the Prime Minister claimed. 

    The wildland fires crisis 

    The second crisis noted by the Prime Minister was that of wildland fires, the answer to which included restructuring the civil protection system and a budget reform, which offered prevention a clear priority over fighting. As a result, “if we were to add up the entire area burnt down in the six years between 2018 and 2023 [the result] is 60.7% of the area burnt down in 2017 alone”, he stressed.

    The Covid-19 pandemic 

    The country’s response to this third crisis was “worthy of note”, claimed the Prime Minister. “We were the first country in the world to reach a vaccination coverage of 85%. And the efforts to support the economy and households allowed us to be one of the countries that best came out of the pandemic”, he added. 

    The inflationist crisis

    The fourth crisis arose from the effects of the pandemic, which was still felt, and the war between Russia and Ukraine. This conflict “worsened a situation that came from the pandemic, with the breakdown in supply chains, which led us to the greatest inflationist crisis of the last 30 years”. 

    The rises in interest rates by the European Central Bank to respond to rising inflation “in a society such as hours where mortgages have a high significance and the variable rates are clearly dominant”, together with rising food costs, shot up household costs. 

    “From the start of 2022 to October 2022, inflation soared. We hit 10.1% inflation in October 2022 and since then we have been on a slow, yet sure, trajectory to lower inflation, until we hit 2.1% last February and the forecast is we will remain on that lowering trajectory”, said the Prime Minister.

    SEVEN STRUCTURAL SHITS

    Higher growth

    The Prime Minister stated that between 2000 and 2015 the country alternated between recession and stagnation. “Only in one year of these 15 did we grow above the European average: in 2009. From 2016 onwards, the reality has been quite different “, he said. “In these eight years, the country grew ten times more than what it had grown in the previous 15”, he signalled, noting the 2.1% growth, including in the two pandemic years, “where product naturally fell drastically”. 

    More jobs and more income

    The creation of jobs and improvement in employment conditions contributed to this economic growth. “Today, we have a record number of people working in Portugal: 5 million people. That is an additional 629 thousand jobs than in 2015. And in a context where it was possible to not just to have minimum wages grow 62%, but also average wages having grown 27.7%”, the Prime Minister indicated.

    In addition to the rise in the minimum wage, the Prime Minister also noted rising pensions and improvement in net income. 

    Always in line with the Social Security Basis Law, in these eight years, average pensions rose 23.3%, “with all the rises set down in the law, as well as extraordinary rises to counter inflation”. 

    The improvement in net income came from the “successive drops in income tax IRS” and the “successive measures of non-monetary transfers that cut household expenses”, such as making school books free, reforming the costs of public transports, increasing the number of households that benefit from energy social rates and the “significant” cut in pubic university fees, that went from more than one thousand euros to 697 euros per annum.

    A more qualified country

    This was the shift the Prime Minister considered “perhaps brings the greatest consequences for the future”. António Costa mentioned the “highly significant” drop in early dropouts, where this year we are below the EU average for 2030, and the rise in the number of youths aged 30 to 34 years who completed higher educaiton in 2015, which can only rise, since “if we look at the youths who are 20 years old, 39% attended university in 2015, and today it’s 54%”. 

    A more competitive economy

    “Every year, we beat records in attracting foreign direct investment. Every year, we beat corporate investment records and corporate investment went up 85% between 2015 and 2023”, the Prime Minister stated, advocating that “what offers a modern economy competitiveness is its capacity to have qualified jobs, being more innovative, and this is what enables that innovation”. 

    António Costa also added that the rise in exports, which in 2022 accounted for more than 50% of GDP, and the change in the nature of exports. “Exports of high and medium tech goods increased 71% over these last eight years, which means that complexifying, qualifying, and the added value of our economy have been clearly on the rise”.

    Less inequality

    “Today we have 600 thousand people less in poverty or social exclusion, and especially 226 thousand children less living in poverty or social exclusion”, said the Prime Minister.

    Taking the lead in fighting climate change

    The sixth shift had to do with the country’s position in taking the lead in fighting climate change. “We were the first country in the world, at the2016 Marrakesh COP to undertake the goal of being carbon neutral by 2050. Our Climate Law imposed on us a greater ambition of hitting that target in 2045 rather than 2050”. 

    Since 2017, Portugal has cut back its GHG emissions by 17% “due to the public transport policy and bringing targets such as closing down coal-fuelled power stations forward and increasing the capacity to generate energy using renewables”, the Prime Minister signalled.

    Advances in the State reform 

    The last structural shift mentioned by the Prime Minister had to do with the advances in the State reform, namely concerning the decentralisation of powers, such as transferring the PSP’s traffic tasks to the Lisbon and Porto municipal police, making Carri or STCP (public transport) municipal, or the agreement with the National Portuguese Municipalities Association (ANMP) to transfer powers. Lastly, António Costa referred to the reform of the Regional Development Coordination Committees (CCDR), that are now more democratised and with greater autonomy. 

    View the Prime Minister’s presentation here 

    MIL OSI Europe News –

    June 27, 2025
  • MIL-OSI Europe: OSCE expands focus on virtual assets taxation in second workshop in Moldova

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE expands focus on virtual assets taxation in second workshop in Moldova

    Building on insights from the first workshop held in May, the OSCE organized a follow-up event on the taxation of virtual assets on 26 and 27 June in Chisinau, Moldova.
    The workshop brought together eighteen representatives from Moldova’s State Tax Service and the Ministry of Finance to enhance their understanding of the complex and evolving landscape of crypto taxation.
    Over the course of the workshop, participants engaged in a mix of theoretical sessions and practical exercises aimed at deepening their technical knowledge and increasing their operational capacity. The workshop covered a range of topics, including blockchain-based taxation mechanisms, common tax avoidance strategies involving cryptocurrencies, and compliance with international standards.
    This training comes at a critical time, as Moldovan authorities are actively working to enhance the anti-money laundering framework and develop clear regulatory guidance for the virtual asset sector.
    The workshop series was organized as part of the OSCE’s extra-budgetary project, “Innovative Policy Solutions to Mitigate Money-Laundering Risks of Virtual Assets”, implemented by the Office of the Co-ordinator of OSCE Economic and Environmental Activities and funded by Germany, Italy, Poland, Romania, the United Kingdom and the United States.

    MIL OSI Europe News –

    June 27, 2025
  • Indian markets likely to rise in Q3 FY26: Morgan Stanley

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets are more likely to rise than fall in the third quarter of the financial year 2026 (Q3 FY26), global brokerage Morgan Stanley said in a note on Friday.
     
    The firm remains bullish on Indian equities, expecting strong economic data, supportive measures from the Reserve Bank of India (RBI), and better-than-expected corporate earnings to drive market gains from July onwards.
     
    According to Morgan Stanley, India is showing signs of steady improvement. Government spending is increasing, and the RBI appears to be shifting towards a more accommodative or ‘dovish’ policy stance. This, along with easing inflation, is creating a favourable environment for equities.
     
    The brokerage also believes that lower interest rates will encourage banks to increase lending, thereby boosting credit growth. Furthermore, if global uncertainties ease, Indian companies may begin to invest more in new projects.
     
    A key driver for the markets could be the upcoming corporate earnings season. Morgan Stanley expects many companies to exceed market expectations, supported by a lower base, improved operational efficiency, and steady consumer demand.
     
    Looking ahead, the RBI may cut interest rates by 25 basis points in the fourth quarter, which could further improve market sentiment.
     
    However, the brokerage cautioned that global factors continue to exert a significant influence on India’s markets. Rising geopolitical tensions, shifts in global trade policies, or a slowdown in developed economies could negatively impact domestic equities.
     
    Although India is generally viewed as a stable market, a broad-based global sell-off would likely have a spillover effect on Indian stocks. For instance, a sharp fall in crude oil prices could signal deeper global economic concerns, which may weigh on investor confidence.
     
    Despite these risks, Morgan Stanley believes that strong retail investor participation and sustained foreign institutional interest will provide a cushion against potential downside.
     
    Indian equities also benefit from a ‘scarcity premium’ and ongoing structural reforms such as the Goods and Services Tax (GST) overhaul and infrastructure development, which continue to bolster investor confidence.
     
    While current valuations are high relative to historical averages, the brokerage considers them justified in light of the strong earnings outlook.
     
    In the long term, India’s stable policy environment and robust growth potential make it one of the most attractive investment destinations among emerging markets, Morgan Stanley said.
     
    — IANS
    June 27, 2025
  • MIL-OSI USA: Issa Bill Will Incentivize Wildfire Prevention Through Innovative Targeted Tax Relief

    Source: United States House of Representatives – Congressman Darrell Issa (CA-50)

    WASHINGTON, D.C. – Congressman Darrell Issa (CA-48) has introduced the Wildfire Infrastructure and Landowner Tax Relief Act of 2025 (WILTR Act) to provide an unprecedented and innovative ability to make wildfire mitigation and resilience attainable for homeowners who know it provides essential protection from future fires.

    “It’s not enough to say we will be ready for the fire next time. We need to back it up with real solutions that put homeowners in charge,” said Rep. Issa. “This legislation makes it more possible than ever for homeowners to adopt breakthrough innovations in wildfire defense through targeted tax relief we know will make it possible.”

    The WILTR Act contains two key provisions that will incentivize homeowners to reduce wildfire risks on their property:

    • Exclusion from Gross Income – The Act excludes hazardous fuel reduction and firefighting infrastructure improvements on personal-use property from being considered taxable income. This ensures that homeowners receiving assistance from government agencies or non-profits will not face unexpected tax bills at the end of the year.

    • Above-the-Line Deduction – The Act allows homeowners to claim an above-the-line tax deduction for out-of-pocket expenses spent on hazardous fuel mitigation, encouraging residents to invest in wildfire prevention efforts that protect their families, neighbors, and communities.

    This legislation was inspired by Rep. Issa’s constituent landowners in Escondido, CA.  

    “I am extremely grateful to Congressman Issa for introducing legislation to remove tax penalties associated with conducting wildfire mitigation on private properties throughout California. Rancho Guejito is a pristine ranch in northern San Diego County that raises cattle, grows avocados and citrus, and operates vineyards and a winery. Without appropriate management, wildfires could ravage the property and move west toward populated areas. Congressman Issa’s proposed legislation will help ensure that Rancho Guejito Corporation does not incur federal tax penalties for partnering with government agencies and non-profits to conduct wildfire mitigation that the entire community will benefit from.” –- Hank Rupp III, Rancho Guejito Corporation

    “The California Association of Realtors strongly supports the WILTR Act and thanks Congressman Issa for introducing this important legislation. By incentivizing wildfire prevention through the tax code, this bill gives property owners the tools and assistance to take responsible, proactive steps that reduce risk to their homes and communities. At a time when wildfire threats are intensifying across California, the WILTR Act is a smart, forward-looking approach that supports the very people working to protect lives and property before disaster strikes.” — Heather Ozur, President, California Association of Realtors

    “On behalf of the National Water Resources Association (NWRA), I am pleased to offer our strong support for the Wildfire Infrastructure and Landowner Tax Relief Act of2025 (WILTR Act),” said Greg Morrison, NWRA Executive Vice President. “We commend your leadership in advancing this bipartisan solution to support wildfire prevention, protect public safety, and improve land and watershed resilience. Your bill aligns squarely with NWRA’s ongoing efforts this Congress to modernize federal tax law in ways that support land stewardship, public-private partnerships, and climate resilience.”

    “The WILTR Act not only encourages proactive fuel mitigation but also aligns economic incentives with public safety and land stewardship… By supporting both prevention and recovery efforts, the WILTR Act also recognizes the essential role local agencies and landowners play in creating the wildfire-resilient communities… We thank [Congressman Issa] for your continued efforts on behalf of California’s fire-prone communities and for providing our residents with the tools they need to safeguard lives and property.” – Keith McReynolds, Chief, North County Fire Protection District 

    “I want to thank and commend Congressman Issa for authoring the ‘Wildfire Infrastructure and Landowner Tax Relief Act of 2025,’ said Robin Maxson, Chair, San Diego Country Association Planning Groups (SANDAG). “Every day our residents struggle with the cost of living and seek solutions to the risks and preventative measures that property owners and taxpayers shoulder in East County, the backcountry, and unincorporated communities due to fires. Mr. Issa’s legislation will give these taxpayers relief for their efforts to practice fire safety and readiness. As the Chair of the Association of Planning Groups – San Diego County, I support this legislation and encourage Mr. Issa and his colleagues to make it law.”

    “As fire season approaches and readiness increasingly becomes a year-round effort, many property owners and taxpayers already assume the responsibility of fire safety and readiness to protect their land. I commend Congressman Issa for his proactive approach to safety and dedication to taxpayers by introducing the WILTR Act. The WILTR Act will provide a well-earned deduction to the taxpayer and an incentive to many people in San Diego County who take proactive steps toward fuel management and reduction.” – Ed Musgrove, Councilman, San Marcos

    “I would like to thank Congressman Issa for his introduction of the WILTR Act and his continued commitment to fire readiness and to the protection of lives and property. The WILTR Act provides both tax relief and increased incentives to landowners who take preventive measures in support wildfire risk reduction, and I enthusiastically support Congressman Issa’s WILTR Act.” – Judy Fitzgerald, Councilwoman, Escondido 

    “NAHB commends Rep. Issa for introducing the Wildfire Infrastructure and Landowner Tax Relief (WILTR) Act of 2025 and is proud to offer its strong support for this important legislation. By encouraging proactive wildfire mitigation, the WILTR Act not only strengthens community resilience, but also helps preserve access to insurance in fire-prone areas, where coverage is becoming increasingly unaffordable or unavailable. This targeted approach will help keep families safe and homes protected.”— Buddy Hughes, Chairman, National Association of Home Builders

    Cosponsors: Congressman Doug LaMalfa (CA-01), Congressman Michael Baumgartner (WA-05), Congressman Paul Gosar (AZ-09), Congressman Dan Newhouse (WA-04).

    Industry support includes the California Association of Realtors, National Association of Home Builders (NAHB), Family Farm Alliance, and National Water Resources Association (NWRA). 

    Additional California Support:

    State Senator Brian Jones

    San Diego County Supervisor Jim Desmond

    North County Fire Protection District Chief Keith McReynolds

    Southwest California Legislative Council

    Councilman Ed Musgrove, San Marcos

    The bill text can be found here.

    ###

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI Australia: Invasive pest detected in City of Wanneroo

    Source: South Australia Police

    The first case of Polyphagous shot-hole borer (PSHB) has been detected in the City of Wanneroo.

    The City is working with the Department of Primary Industries and Regional Development (DPIRD) to enact a Tree Management Plan for the affected tree and will continue to monitor the location closely in the coming weeks.

    First detected in Perth in 2021, the PSHB is a tiny, wood-boring beetle native to Southeast Asia. About the size of a sesame seed, PSHB excavates tunnels in trees where they cultivate fungus as a food source, resulting in tree dieback and death.

    Mayor Linda Aitken said the City remained committed to prioritising effective and timely management of the PSHB.

    “The PSHB could significantly impact the City of Wanneroo’s urban canopy if it were to become established here,” she said. 

    “It’s important that we all check our trees for signs and report any suspected sightings, to allow DPIRD to investigate.

    “Protecting and increasing our canopy cover and vegetation is a key goal for the City, as set out in our Urban Forest Strategy.”

    The City will continue to follow DPIRD’s lead in managing the spread of the PSHB and encourages the community to use the MyPestGuide app to report suspected sightings.

    To learn more about the PSHB and how you can help prevent its spread, visit our PSHB webpage.

    MIL OSI News –

    June 27, 2025
  • MIL-OSI Australia: Interview – ABC Adelaide with Jules Schiller and Sonya Feldhoff

    Source: Murray Darling Basin Authority

    JULES SCHILLER: There is a meeting of State and the Federal Education Ministers today to look at issues surrounding education. Always a very popular topic here on the ABC, as it should be, Jason Clare. Welcome to you.

    JASON CLARE, MINISTER FOR EDUCATION: G’day, mate. Great to be here.

    SCHILLER: Let’s get to the child care sector first, because this has been a bit of an ongoing rolling conversation. I know Four Corners tackled it. There’s an Auditor-General’s report into subsidy and fraud. But let’s first get to child care and safety. I know Four Corners had a report saying that many of the for-profit child care centres have not been properly regulated. We’ve heard issues around staff-to-child ratios and pay. Are you going to regulate this industry properly?

    CLARE: This is the number one issue on the agenda for Education Ministers today meeting here in South Australia, meeting for the first time since the election. There’s more than a million Australian families who have their kids in early education and care, including me, I’m one of them, so it’s personal for me.

    You mentioned the Four Corners story. Even before that there was the arrest of a paedophile in Queensland a couple of years ago and subsequent conviction. That led me as the Minister, working with the states and territories, to ban the use of personal mobile phones in child care centres. There was a reason that we had to do that. And also changes to mandatory reporting rules from seven days to 24 hours where there’s evidence or allegations of sexual or physical abuse in child care centres.

    That Four Corners story was really concerning. It produced evidence there of neglect and mistreatment and physical abuse of children in child care centres. Anyone watching that would say that you can’t sit by and do nothing. I’ve said that we will introduce legislation into the Federal Parliament which basically cuts off funding to dodgy operators. If you’re not meeting the quality standards, then you won’t get the subsidy that helps to fund the centre. And we won’t let you expand and open new centres, but not just that.

    That Four Corners story produced evidence that people that were once working in child care were moving into the NDIS. We need to take steps to stop people working and neglecting people in one part of the care sector from moving into another. So, they’re things that we’re already doing. Yesterday the New South Wales Government released an independent report following that Four Corners story into the actions that they think are necessary. And they’re going to report to Ministers on that today so that we can work on what are the next steps. This work is never done. But what are the things that we need to do next to make sure our kids are safe.

    SONYA FELDHOFF: Can we avoid anything other than an official regulator, though? I mean, are there other options?

    CLARE: There are already regulators. There’s a national regulator and there’s state regulators and they work together. That doesn’t mean that everything is hunky dory, though.

    FELDHOFF: I was going to say, these things have still happened, though, haven’t they?

    CLARE: Exactly right. And so, some of the things we’ll talk about today are beefing up the penalties for providers when it’s proved that they’ve let children down and they’ve let families down and how do we make sure that we get better information faster to families when things aren’t up to scratch.

    SCHILLER: This is an issue with quality ratings, isn’t it? Only 10 per cent of all centres, I think – well, 10 per cent don’t have quality ratings. And, look, I mean, to be kind of blunt here, we’re talking a lot about the for-profit centres as well. And, you know, I went to the – there’s a Reddit page on child care in Adelaide, so child care workers talking on Reddit about problems in their industry. Almost uniformly, people who work for not-for-profit centres seem to be happier than many people in the for-profit centres. And you hear stories about staff chipping in for books and toys themselves. They’re very concerned about, you know, children to staff ratios up to three. I think it’s one to five, it gets over three and it’s one to 10 and 11. They’re saying that parents expect them to, you know, parent their kids more than they do, and they’ve got kids with special needs and, you know, obviously they don’t think that they’re paid enough.

    CLARE: Firstly, when it comes to quality and safety, whether it’s in a private for-profit child care centre or a not-for-profit centre, my expectation is that everybody meets the quality standards. You’re right, there are different ratios for children depending on how old they are. For little children, zero to two, the ratio of educators to children is much smaller. And that’s all about safety and quality and protecting those children.

    In terms of salary, you’re right, early educators historically have not been paid enough, and that‘s why people have either chosen not to become an early educator or have left the job to go and work at Woolies or at Bunnings. We’re rolling out now a 15 per cent pay rise right across the board for the entire sector. Ten per cent rolled from December last year, another 5 per cent from this December. And we did something similar in aged care. It’s designed to help boost the workforce, recognise the important work that they do but hopefully encourage some people who’ve left the industry to come back and work.

    We’re seeing evidence of that already: Goodstart, one of the biggest not-for-profit early education provider in the country has seen a massive increase in job applications in the last couple of months, that’s a really good sign, as well as a drop in vacancy rates.

    FELDHOFF: It’s 17 minutes past 7. Sonya and Jules with you here. And in the studio with us is the Federal Education Minister Jason Clare. With the introduction of the three free days child care for most families, is it going to be easier or less easy to bring this regulation in? Because we need policing of these things that are going wrong, don’t we?

    CLARE: One doesn’t necessarily affect the other. Let me make sure I’m pretty clear about the three days. The 3 Day Guarantee. That’s three days guaranteed access to the subsidy. It doesn’t mean it’s free, but depending on your income, it means that your subsidy for child care could be up to 90 per cent of the real cost that’s charged by the child care centre. And why are we doing that? Because the evidence shows us that kids from really poor families are the children that are most likely to miss out on going to earlier education and care at all and are the ones who need it the most. This isn’t just about looking after children; it’s about the early education of children.

    If a child goes to early education and care, they’re more likely to be ready to start school, less likely to start behind, get that early literacy and numeracy and social skills that can help get them off to a good start when they start school. At the moment, we know it’s the really disadvantaged kids that are missing out. So, guaranteeing that subsidy for every child is important.

    FELDHOFF: Sure, but we’re not on top of things with fewer children in the system. This is going to see more presumably in the system.

    CLARE: Because of two things – number one, we’ve cut the cost of child care over the last two years. For the average family they’ve saved about seven grand on child care fees that they would otherwise have had to pay because of that change we made in the last couple of years. And because of this pay rise for educators we’ve now got about 100,000 more children in the system today than when we made those changes a couple of years ago. So, there’s more kids in early education and care, but still not all of the kids who need it. I’m talking about those kids from really poor and disadvantaged backgrounds, and also kids who might live in regional parts of Australia where there’s less likely to be a centre. That’s why another thing that we’re doing is rolling out a billion-dollar fund to build centres where they don’t exist.

    SCHILLER: Well, let’s get to some other issues. 891 ABC Radio Adelaide, Sonya and Jules at 20 past 7 with Jason Clare, the Federal Education Minister. Yeah, we’re hearing lots of reports of teachers who feel unsafe in the classroom. This is because of, you know, bullying or violent behaviour of their students and, let’s face it, parents as well who are emailing them. You know, I know from teachers that, you know, they’re constantly contacted by parents who are asking them to, you know, make sure their kids eat the right food. And because of these issues teacher retention has been kind of difficult in Australia. So how are you going to deal with these issues around teacher safety, around teacher workload that is affecting people wanting to become teachers? And if we don’t – everyone listening right now could think about that teacher that changed their lives, that put them on a course, that created a passion in them that might be the employment they’re currently in. How do we get the best and brightest to stay in teaching?

    CLARE: I’m glad you asked it and that you asked it in that way, because I think this is the most important job in the world. And it’s a harder job than it was 20 years ago. And you see that in some of the stories in the media today. This is really serious. It makes parents worry but also, it’s the reason why teachers leave the job they love. They’re attracted to this work because they want to educate children, they want to change lives. It’s that moment when that sort of invisible light bulb goes off and they know that they’ve helped someone learn something and understand something they never did. And then when there’s violence or bad behaviour in the classroom and it all becomes too much it can force people to leave the job.

    There are some good things happening. The ban of mobile phones in schools right across the country has had a massive impact. I was talking to Blair Boyer, the South Australian Education Minister, last night. He made the point that kids are more attentive in the classroom now because they’re not distracted by the phone, they’re focused on the teacher. Kids are talking to each other and playing more in the playground than ever before because they’re not doing what adults do – look at their phone. He again got a complaint from students the other day that they’re bored now and that they want more clubs and things to do at lunchtime because they’re not looking at their phones; they’re actually –

    SCHILLER: But the problem goes further than that, though, doesn’t it?

    CLARE: It’s deeper than that. I just use that as one example. Another one is vaping. You ask teachers and principals they’ll tell you vaping can often be the cause of a lot of problems in schools. We’ve seen a 50 per cent reduction in suspensions in South Australian schools in the last couple of months because of the crackdown on vaping. But none of that means that the job is done. This is a serious issue. It’s one of the things we’ll talk about today, about what more tools can we give teachers, both when they’re training at uni to manage bad behaviour, manage children with complex behavioural issues, but also what we can do in the classroom.

    FELDHOFF: Do we need more SSOs – I’m assuming that’s the term now still – SSOs in schools now to deal with some of these behavioural issues that are often medically based?

    CLARE: It’s part of it. Often it will be somebody who’s providing special support for people with complex issues. Autism is a classic example of that. Could I just add on to that, because it’s also something in the media today, around bullying generally. Bullying at schools is different today than it was when we were at school. It’s not just push and shove or stealing the lunch money, it can often be what happens online. And it’s not necessarily what happens on the laptop in the classroom, it’s what happens at home. And there’s stories in the paper today about deep fakes. I can’t think of anything more horrific or terrifying than this, but when one student cut and pastes the face of another student and then puts it on to a nude body and then puts it on to the internet to bully or harass other students, but not just other students, female teachers as well. And that’s another thing that’s causing teachers to leave the profession, and young people, it’s affecting their mental health and wellbeing.

    SCHILLER: I mean, is this a police matter, do you think?

    CLARE: It is.

    SCHILLER: Because, I mean, you’ve not only got that, you’ve got explicit pictures being taken of other students on mobile phones that are shared, which, let’s face it, is a criminal offence. So, do you have to get police involved in that?

    CLARE: Yes.

    SCHILLER: And charge students to make them realise how serious this is?

    CLARE: There’s a couple of things you need to do. The eSafety Commissioner today has released a tool kit for schools about how to manage this. We’re going to get her to brief Education Ministers in a couple of months about this as well. She’s made the point, number one, ring the police. Number two, here are some tools to help with this. But we also want to set national standards around how do we deal with this, and that’s another thing that we’ll be discussing at the meeting today.

    FELDHOFF: Now, we are fast running out of time. Can I throw a couple of questions at you for really quick answers?

    CLARE: Go for it.

    FELDHOFF: First of all, Adelaide University, we’re going to see that come into place in January next year. I know this week the domestic numbers are increased. What about the international student numbers in terms of how that might impact this new university which relies on that economic injection?

    CLARE: The good news this week was the number of Australian students starting a uni degree is at record levels, the highest it’s ever been, except for COVID. And this new university, when it comes together next year, will be the biggest educator of Aussie students in the country.

    FELDHOFF: In the country?

    CLARE: In the country. This is going to be a seriously big university when it comes to educating Australian students. But they’ll educate international students as well.

    FELDHOFF: And that’s important for the economic bottom line of that university, too, isn’t it?

    CLARE: Absolutely, as for all universities. All universities to some extent educate students from the other side of the world who come here for an education. Doesn’t just make the uni money, it means that young people who come here and fall in love with Australia take that love for Australia back home with them. We’re setting numbers for different universities about how to do that. That is rolling out well and we’ve set a special number for the merged university to take into account the fact that it’s merging together next year.

    FELDHOFF: And very quickly, should HECS debts cuts be visible on your bill by now?

    CLARE: They’ll be visible very soon or as soon as possible. I’ve got to introduce a bill into the Parliament when Federal Parliament sits on the 22nd of July, so just about a month’s time. That will cut everyone’s HECS debt by 20 per cent. It’s got to pass the Parliament and then we’ve got to get the Tax Office to cut that off. But I guess the important message for anyone with a HECS debt listening, you don’t have to do anything; it will all happen automatically.

    SCHILLER: And just looking at the text line before you go, Minister – where with Jason Clare, federal Education Minister, 26 minutes past 7, 891 – look, many people are worried about the for-profit childcare centres. You know, there’s texts coming through that, you know, that there’s a childcare centre in Adelaide that has not met standards for 10 years. Other people are talking about bullying in schools. Teachers are also being bullied. Students don’t understand the constant harassment, even low-level harassment, of bullying of teachers, and it’s exhausting teachers. And I think parents as well are getting involved at this level, too. So, yeah, lots of issues for you to discuss, you’d have to say?

    CLARE: And it tells me that the agenda today is on the money. It’s the issues that parents care about and teachers care about, quality and safety in child care –

    SCHILLER: Because no-one should be in child care to, you know, primarily to make a profit. I mean, primarily it’s kids’ safety –

    CLARE: They should be there to care for and educate our children, right? That is number one. We’re talking about that, but we’re also focused on behaviour and bullying in our schools and outside of our schools, but how do we build our teacher workforce. We still don’t have enough teachers. And also the implementation of the agreement that we signed last year, the extra billion dollars for schools in South Australia, an extra $16 billion dollars across the country. Today we start the work on the implementation of that agreement.

    SCHILLER: Jason Clare, thank you so much for your company. He’s meeting with the state education ministers today. At 28 minutes past 7.
     

    MIL OSI News –

    June 27, 2025
  • MIL-OSI Australia: 2022-23 Taxation statistics released

    Source: New places to play in Gungahlin

    The Australian Taxation Office (ATO) has released its annual Taxation Statistics report for the 2022–23 year. The report contains data extracted from tax returns and related schedules, as well as other information provided to the ATO.

    Taxation Statistics provides detailed and valuable insights into the income tax position of individuals, companies, trusts, super funds and partnerships in Australia for the 2022-23 income year. The data generally follows trends from previous years, with the average taxable income and average superannuation account balance rising, reflecting a return to conditions from before COVID-19.

    This report also includes information relating to the 2023–24 financial or fringe benefits tax year, including for goods and services tax (GST), excise and fuel schemes and fringe benefits tax (FBT).

    What’s new in the 2022-23 data

    This year there are three new data sets:

    • A new table splitting company data by entity size and taxable income or loss range.
    • Additional data for GST, including monthly GST, wine equalisation tax (WET), and luxury car tax (LCT) data.
    • Additional data for excise, showing detailed historical excise collection figures from the Department of Home Affairs.

    Points of interest from the 2022-23 data

    • The total tax revenue collected by the ATO for 2022–23 was $577.4 billion:
      • 51.6% came from individual income tax ($298 billion)
      • 24.2% came from companies ($140 billion)
      • 14.2% came from GST ($81.7 billion)
      • 4.4% came from excise ($25.4 billion)
      • 4.2% came from super funds ($24 billion)
      • 0.7% came from PRRT, LCT and WET ($4.2 billion)
      • 0.7% came from FBT ($4.1 billion).
    • Work related expenses accounted for 50% of total deductions claimed by individuals, with 10.3 million individuals claiming a total of $28.3 billion in work-related expenses – an average of $2,739 per person.
    • The average superannuation account balance increased from $164,000 in 2021–22 to $173,000 in 2022–23.
    • The postcode with the highest average taxable income ($279,712) was 2027 in the eastern suburbs of Sydney, NSW.
    • Since reporting started in 2010–11, surgeons have remained the highest paid occupation with the 4,247 individuals reporting an average taxable income of $472,475 in 2022–23.
    • Net tax from companies for the 2022–23 income year increased by 9.2% to $140 billion (compared to $128 billion in 2021–22).
    • The biggest company tax liability came from the mining industry (39% of company net tax) with the industry’s net tax growing from $42.3 billion to $54.4 billion.
    • Luxury car tax increased by 17.9% to $1,153 million while wine equalisation tax continued to remain stable.

    For the full breakdown of the 2022–23 statistics, visit ato.gov.au/taxstats.

    ATO file footage is available for use in news bulletins from our media centre.

    MIL OSI News –

    June 27, 2025
  • MIL-OSI USA: Shaheen, Ernst Introduce Bipartisan Legislation to Create First-of-its-Kind Program to Make Child Care More Accessible for Military Families

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Joni Ernst (R-IA), senior members of the U.S. Senate Armed Services Committee, are introducing bipartisan legislation to respond to the shortage of child care availability across the country, particularly for military families. The Senators’ bill proposes a first-of-its-kind Department of Defense-led pilot program to support workforce development opportunities for child care providers and to add capacity to the child care sector by increasing recruitment, retention and training of child care staff.

    “Too many parents are put in difficult situations when they don’t have access to the quality, affordable care they need for their kids—a problem that is especially acute for military families who face even higher barriers to finding child care,” said Senator Shaheen. “That’s why I’m proud to join with my colleague, Senator Ernst, to introduce bipartisan legislation that would create a first-of-its-kind Department of Defense-led pilot program to strengthen workforce development opportunities for providers with the goal of increasing the amount of available child care slots in a local communities.”

    “As a mom and a grandma, I know how important our next generation is, and our military servicemembers deserve high-quality, affordable child care,” said Senator Ernst. “The Expanding Child Care for Military Families Act will bolster the Department of Defense’s partnership with local organizations to provide care and education for military kids while their parents train and prepare to protect our great nation.”

    Specifically, the Expanding Child Care for Military Families Act would:

    • Enable the Department of Defense (DoD) to enter into partnerships with both private and public child care providers on or near DoD installations.
    • Require the Department to provide certification and training opportunities and to participate in recruitment and retention programs for participating child care providers.
    • Give the DoD the authority to enter into a partnership agreement with AmeriCorps to allow AmeriCorps volunteers to be placed at child care providers participating in the DoD pilot program.
    • Assess current administrative resources available to families to identify areas of improvement for child care enrollment procedures.
    • Encourage DoD to recruit and offer training and certification to eligible military spouses.
    • Identify areas with high unmet need for child care and increase access to child care in these areas.

    Senator Shaheen has been a leader in advocating for more affordable and accessible child care, including by delivering more than $77 million to New Hampshire through the American Rescue Plan and other COVID relief laws to the Granite State. Since then, Shaheen had urged state and local officials to distribute those federal funds, especially in communities that lack access to child care. Shaheen recently helped introduced the Child and Dependent Care Tax Credit Enhancement Act which would permanently expand the Child and Dependent Care Tax Credit (CDCTC). She also introduced the Child Care Availability and Affordability Act and the Child Care Workforce Act—bipartisan, bicameral legislation that together form a bold proposal to make child care more affordable and accessible by strengthening existing tax credits to lower child care costs and increase the supply of child care providers. The bill includes language from Shaheen’s Right Start Child Care and Education Act legislation. In April, Shaheen visited the YMCA of Greater Nashua’s Merrimack Branch to highlight the Granite State’s shortage of child care providers and to discuss her recent legislative efforts to address the child care affordability crisis.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI USA: Shaheen, Ernst Introduce Bipartisan Legislation to Create First-of-its-Kind Program to Make Child Care More Accessible for Military Families

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Joni Ernst (R-IA), senior members of the U.S. Senate Armed Services Committee, are introducing bipartisan legislation to respond to the shortage of child care availability across the country, particularly for military families. The Senators’ bill proposes a first-of-its-kind Department of Defense-led pilot program to support workforce development opportunities for child care providers and to add capacity to the child care sector by increasing recruitment, retention and training of child care staff.

    “Too many parents are put in difficult situations when they don’t have access to the quality, affordable care they need for their kids—a problem that is especially acute for military families who face even higher barriers to finding child care,” said Senator Shaheen. “That’s why I’m proud to join with my colleague, Senator Ernst, to introduce bipartisan legislation that would create a first-of-its-kind Department of Defense-led pilot program to strengthen workforce development opportunities for providers with the goal of increasing the amount of available child care slots in a local communities.”

    “As a mom and a grandma, I know how important our next generation is, and our military servicemembers deserve high-quality, affordable child care,” said Senator Ernst. “The Expanding Child Care for Military Families Act will bolster the Department of Defense’s partnership with local organizations to provide care and education for military kids while their parents train and prepare to protect our great nation.”

    Specifically, the Expanding Child Care for Military Families Act would:

    • Enable the Department of Defense (DoD) to enter into partnerships with both private and public child care providers on or near DoD installations.
    • Require the Department to provide certification and training opportunities and to participate in recruitment and retention programs for participating child care providers.
    • Give the DoD the authority to enter into a partnership agreement with AmeriCorps to allow AmeriCorps volunteers to be placed at child care providers participating in the DoD pilot program.
    • Assess current administrative resources available to families to identify areas of improvement for child care enrollment procedures.
    • Encourage DoD to recruit and offer training and certification to eligible military spouses.
    • Identify areas with high unmet need for child care and increase access to child care in these areas.

    Senator Shaheen has been a leader in advocating for more affordable and accessible child care, including by delivering more than $77 million to New Hampshire through the American Rescue Plan and other COVID relief laws to the Granite State. Since then, Shaheen had urged state and local officials to distribute those federal funds, especially in communities that lack access to child care. Shaheen recently helped introduced the Child and Dependent Care Tax Credit Enhancement Act which would permanently expand the Child and Dependent Care Tax Credit (CDCTC). She also introduced the Child Care Availability and Affordability Act and the Child Care Workforce Act—bipartisan, bicameral legislation that together form a bold proposal to make child care more affordable and accessible by strengthening existing tax credits to lower child care costs and increase the supply of child care providers. The bill includes language from Shaheen’s Right Start Child Care and Education Act legislation. In April, Shaheen visited the YMCA of Greater Nashua’s Merrimack Branch to highlight the Granite State’s shortage of child care providers and to discuss her recent legislative efforts to address the child care affordability crisis.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI: BlackRock® Canada Announces Risk Rating Changes, Annual Management Fee Reductions and Commencement of Securities Lending Transactions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced updates to the investment risk ratings of certain iShares exchange-traded funds (“iShares ETFs”), a reduction to the annual management fees of certain iShares ETFs, and the commencement of securities lending transactions of certain iShares ETFs, as further described below.

    Risk Rating Changes

    BlackRock Canada announces updated investment risk ratings of the iShares ETFs listed below, effective as of June 26, 2025:

    iShares ETF Name Ticker Previous Risk Rating Updated Risk Rating
    iShares Core MSCI US Quality Dividend Index ETF(1) XDU Medium to Low Medium
    iShares Japan Fundamental Index Fund (CAD-Hedged) CJP Medium to High Medium
    iShares US Fundamental Index ETF(2) CLU Medium Medium to High
           

    (1) This investment risk rating change only applies to the Canadian dollar units (XDU) and not to the U.S. dollar units (XDU.U).
    (2) This investment risk rating change only applies to the hedged units (CLU) and not to the non-hedged units (CLU.C).

    Annual Management Fee Reductions

    BlackRock Canada has reduced the annual management fees of the iShares ETFs listed below, effective as of July 2, 2025:

    iShares ETF Name Ticker Current Management Fee New Management Fee
    iShares 0-5 TIPS Bond Index ETF XSTP, XSTP.U 0.15% 0.10%
    iShares 0-5 TIPS Bond Index ETF (CAD-Hedged) XSTH 0.15% 0.10%
           

    Securities Lending Transactions

    BlackRock Canada also announces that it may engage in securities lending transactions (the “Transactions”) from time to time for iShares Bitcoin ETF (“IBIT”) in compliance with applicable securities laws.  This is a standard practice for many Canadian iShares ETFs.

    BlackRock Canada is issuing this announcement to provide 60 days’ prior written notice to unitholders of IBIT that IBIT may enter into the Transactions on or after August 25, 2025.

    The prospectus of IBIT dated June 26, 2025, discloses additional information regarding the Transactions, including the policies related to engaging in the Transactions and the related risks.

    About BlackRock

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

    About iShares

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (“ETFs”) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares ETFs are managed by BlackRock Asset Management Canada Limited.

    Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). TSX is a registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its affiliate, BlackRock on behalf of the applicable ETFs. The Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock and the applicable ETFs. The ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in the ETFs.

    MSCI is a trademark of MSCI, Inc. (“MSCI”). The ETFs are permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF.

    ©2025 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.

    Contact for Media:
    Sydney Punchard
    Email: Sydney.Punchard@blackrock.com

    The MIL Network –

    June 27, 2025
  • MIL-OSI: AGF Announces Results of Special Meetings of Securityholders and Implementation of Certain Fund Changes Approved by Securityholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Following special meetings of securityholders held on June 26, 2025, AGF Investments Inc. (AGF Investments) today announced that securityholders approved the proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund (each a “Fund”, and collectively, the “Funds”), as follows:

    Fund Current Investment Objective Proposed Investment Objective
    AGF Short-Term Income Class The Fund’s objective is to provide maximum income while preserving capital and liquidity. It invests primarily in short-term instruments, government guaranteed securities and corporate paper with a minimum A credit rating. The Fund’s objective is to provide maximum income, while preserving capital and liquidity. It invests primarily in Canadian money market instruments, such as Canadian treasury bills.
    AGF Global Sustainable Growth Equity Fund The Fund’s investment objective is to provide long-term capital appreciation by investing primarily in a diversified portfolio of equity securities, globally, which fit the Fund’s concept of sustainable development. The Fund’s investment objective is to provide long-term capital appreciation by investing in companies that are delivering a positive sustainability impact by providing solutions to the key challenges in sustainable development.
         

    The new investment objectives will be implemented by AGF Investments by an amendment to the simplified prospectus of the Funds, on or about July 15, 2025. In connection with the investment objective changes, the following changes will also be made to the Funds on or about July 15:

    • Strategy Changes: The investment strategies of the Funds will be amended to align with the new investment objectives of the Funds, as further detailed in the management information circular referenced below.
    • Name Change: AGF Short-Term Income Class will change its name to AGF Canadian Money Market Class.

    At the meetings, securityholders also approved changes to the capital structure of AGF All World Tax Advantage Group Limited, as per disclosure included in the management information circular.

    Additional information regarding the changes in investment objective, and other associated changes, is provided in the Funds’ management information circular, which is available on www.AGF.com and www.sedarplus.ca.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances the fund will be able to obtain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

    June 27, 2025
  • MIL-OSI USA: ICE executes federal search warrant at Buckeye Fire Equipment Company

    Source: US Immigration and Customs Enforcement

    KINGS MOUNTAIN, N.C. — U.S. Immigration and Customs Enforcement’s Homeland Security Investigations special agents, in collaboration with federal, state and local law enforcement partners, executed a federal search warrant at Buckeye Fire Equipment Company June 25 as part of an active, ongoing criminal investigation. This operation specifically focused on serious allegations of aggravated identity theft and potential federal crimes.

    As a result of the initial investigation, 30 people were arrested onsite.

    “This operation underscores HSI’s unwavering commitment to protecting the integrity of our nation’s financial and identification systems. Identity fraud is not a victimless crime — it fuels a range of criminal activity and puts innocent people at risk,” said HSI Charlotte Special Agent in Charge Cardell T. Morant, who also oversees North and South Carolina. “Working alongside our law enforcement partners, HSI will continue to pursue those who exploit these systems for personal gain and hold them accountable under federal law.”

    The following agencies participated in the operation: ICE Enforcement and Removal Operations, the FBI, the U.S. Marshals Service, U.S. Customs and Border Protection, CBP’s Air and Marine Operations, IRS Criminal Investigations, the Social Security Administration’s Office of Inspector General, the North Carolina National Guard, the DEA, the ATF, King’s Mountain Police, the Gaston County Sheriff’s Department and the Gaston County Police Department.

    If you or someone you know has information related to financial crimes, contact law enforcement using the online tip form. Your cooperation is vital in helping protect vulnerable individuals and ensuring accountability.

    For more information about HSI’s work, follow us on X at @HSI_Charlotte.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI: FHLBank San Francisco Invests $52.6 Million to Preserve Affordable Housing in San Francisco

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 26, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a $52.6 million investment in a Fannie Mae bond issuance that will support the continuing affordability of 230 housing units for very low-income residents living near Fisherman’s Wharf in San Francisco.

    “With the authority FHLBanks have to make prudent investments in mission-consistent securities, we are proud to be able to support the affordability of these local and much-needed housing units,” said Joe Amato, interim president and CEO of FHLBank San Francisco. “This investment aligns with our mission to be a reliable supplier of low-cost liquidity to our member financial institutions and deliver resources that supports affordable housing and community investment in our region. Consistent with our obligation to our mission, we will continue to seek opportunities to invest in the creation, development, and purchase of affordable housing in the communities our members serve.”

    According to the National Low Income Housing Coalition, there is a deficit of nearly 170,000 affordable rental homes available for households earning 50% or below the area median income in the San Francisco metro area. Housing experts emphasize that investments like this are essential to meeting the regions urgent housing needs.

    “Preserving existing affordable housing has to be a critical component of any strategy to address the Bay Area’s current housing crisis,” said Ben Metcalf, managing director at UC Berkeley’s Terner Center for Housing Innovation. “However, the scale of the problem is such that we simply can’t get there unless institutional capital providers step up to the plate in a big way. That’s why FHLBank San Francisco’s bond purchase in San Francisco is so significant.”

    FHLBank San Francisco’s $52.6 million investment to maintain affordability of the homes in the Wharf Plaza I and II buildings near Fisherman’s Wharf in San Francisco follows a $10 million investment in Nevada Housing Division Mortgage Revenue Bonds earlier this year to support low- and moderate-income first-time homebuyer downpayment assistance programs.

    FHLBank San Francisco partners with its member financial institutions to support affordable housing initiatives throughout its three-state region of Arizona, California, Nevada, and other areas where its members do business. Since 1990, FHLBank San Francisco has provided affordable housing and downpayment assistance grants to support the construction, rehabilitation, or purchase of over 155,000 homes affordable to lower-income households. Together, the 11 regional FHLBanks that make up the Federal Home Loan Bank System are one of the largest privately capitalized sources of grant funding for affordable housing in the United States.

    About Federal Home Loan Bank of San Francisco

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan

    tom.flannigan@fhlbsf.com

    The MIL Network –

    June 27, 2025
  • MIL-OSI USA: Governor Stein Takes Action on 10 Bills

    Source: US State of North Carolina

    Headline: Governor Stein Takes Action on 10 Bills

    Governor Stein Takes Action on 10 Bills
    lsaito
    Thu, 06/26/2025 – 14:47

    Raleigh, NC

    Today Governor Stein signed 10 bills into law.

    Governor Stein made the following statement on his signing of House Bill 612: Fostering Care in NC Act: 

    “This bill protects our most vulnerable children and strengthens our child welfare system. I applaud the provisions of this bill that better protect children from abuse and neglect, empower a rapid response team to support those receiving mental health treatment, and help more kids stay with their family members. I thank the bill sponsors, Representatives Chesser, Bell, Loftis and Alston, for their work, as well as Senator Sydney Batch for her years of dedication to this issue.”

    Governor Stein made the following statement on his signing of House Bill 373: UNC Tuition Discount for Certain Students: 

    “This bill will help military students afford tuition at our state’s top-tier university system. This way, we can both support those who have sacrificed so much for our freedoms and strengthen our workforce of tomorrow. I appreciate Representatives Campbell, Pickett, Chesser, and Willis for their sponsorship of this legislation.” 

    Governor Stein made the following statement on his signing of House Bill 251: Various Disaster Recovery Reforms:

    “North Carolina does not discriminate based on political affiliation or political speech, including when providing disaster recovery assistance. This bill ensures that will remain the case.”

    Governor Stein made the following statement on his signing of Senate Bill 400: Adult Protection Multidisciplinary Teams:

    “This bill will help counties improve their adult protective services for older and disabled North Carolinians by creating teams that can share information and collaborate, making vulnerable people safer.” 

    Governor Stein also signed the following into law: 

    • House Bill 40: Various GSC Recommendations
    • House Bill 91: Define Armed Forces / Religious Prop. Tax Excl.
    • House Bill 247: Underground Safety Revisions
    • House Bill 421: Motor Vehicle Dealers
    • House Bill 476: DST Technical Corrections/Admin. Changes 2025
    • Senate Bill 344: Pooled Trust Transfers / Public Benefits Elig 
    Jun 26, 2025

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI Security: Nigerian national arrested in multimillion-dollar email and money laundering scam

    Source: Office of United States Attorneys

    HOUSTON – A 33-year-old Houston man has been taken into custody for his role in a large-scale business email compromise and money laundering scheme, announced U.S. Attorney Nicholas J. Ganjei.

    Authorities have arrested Edikan Adiakpan who is expected to make his initial appearance at 2 p.m. before U.S. Magistrate Judge Peter Bray.

    A federal grand jury in Houston returned a three-count indictment June 11 charging Adiakpan with conspiracy to commit wire fraud, money laundering conspiracy and illegal money transmission. The indictment alleges that in 2021, Adiakpan and co-conspirators carried out a business email compromise scheme targeting companies in at least eight states, including a California research group focused on developing treatments for U.S. veterans. 

    Victims received “spoofed” emails that appeared to come from known suppliers and creditors, according to the charges. They were allegedly tricked into sending payments to bank accounts the fraudsters controlled instead of the actual suppliers.

    The charges further allege the conspirators laundered the funds by quickly transferring the money between multiple bank accounts they controlled. They then allegedly converted the funds into cashier’s’ checks. Adiakpan allegedly cashed the checks and kept a percentage as a fee.

    Another Nigerian citizen, Ayobami Omoniyi, 26, was previously charged with conspiracy to commit wire fraud as part of the same scheme and is awaiting sentencing before U.S District Judge Andrew S. Hanen. 

    If convicted, Adiakpan faces up to 20 years in federal prison on the conspiracy and money laundering conspiracy charges and up to five years for the illegal money transmitting. Each conviction carries a possible $250,000 maximum fine. 

    FBI – Houston and its Bryan Resident Agency and IRS Criminal Investigation conducted the investigation. Assistant U.S. Attorneys Belinda Beek and Christine Lu are prosecuting the case.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

    June 27, 2025
  • MIL-OSI Security: Mexican National Sentenced to 100 Months in Prison for Laundering $5.4 million

    Source: Office of United States Attorneys

    LEXINGTON, Ky. – Today, a Mexican national was sentenced to 100 months in prison for his role in arranging for the collection of drug proceeds in the United States and the repatriation of the proceeds, or their equivalent value, to Mexico as part of a money laundering conspiracy.

    According to court documents, Jose Manuel Martinez Gomez, a/k/a Meño, served as a “money broker” in an organization that aided the Cartel Jalisco Nueva Generacion (CJNG) by collecting, laundering, and repatriating drug proceeds generated in the United States to the cartel in Mexico. Martinez personally arranged for the laundering of $5,462,289 that was proceeds of drug trafficking crimes. Martinez used a network of co-conspirators to pick up those drug proceeds all over the United States. After money was delivered in the United States, Mr. Martinez provided instructions for the transfer of those funds via cryptocurrency, including providing a cryptocurrency wallet address, or a bank account.   Martinez worked for “commissions,” or a percentage of the money laundered successfully.

    As a direct result of the money laundering contracts brokered by Martinez, DEA Lexington and its domestic partners seized a staggering quantity of drugs, including approximately 3 kilograms of fentanyl, 52.77 kilograms of cocaine, 7,078.63 kilograms of unconverted methamphetamine in the form of charcoal lumps, 170 gallons of unconverted methamphetamine in the form of coconut oil, 140 kilograms of methamphetamine, and 15 gallons of liquid methamphetamine.  DEA also seized $1,352,160 in bulk U.S. currency.

    “The successful prosecution of Martinez disrupted the flow of vital drug proceeds back to CJNG, and removed substantial quantities of dangerous drugs from American communities,” said Acting United States Attorney Paul McCaffrey.  “While the fight against cartel-sourced drug trafficking is far from over, today’s result is a step in the right direction, and is a testament to our law enforcement partners’ collaboration and constant commitment to justice.”

    “Jose Manuel Martinez Gomez helped Mexican drug traffickers to wash their ill-gotten gains from the sale of cocaine, heroin, methamphetamine, and fentanyl in U.S. neighborhoods and communities,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division.

    “This prosecution should serve as a warning of the Department of Justice’s focus on holding to account anyone who seeks to help launder cartel’s money and underpins a system that delivers dangerous drugs that destroy our neighborhoods and communities.”

    “The Drug Enforcement Administration will continue to use every tool at our disposal to disrupt the flow of drugs across our borders and the flow of money back to Mexico by cartel operatives and bring these individuals to justice,” said Special Agent in Charge Jim Scott, head of DEA’s Louisville Division.  “I want to thank all of our law enforcement partners in this case and commend them for their dedication to public safety.”

    On March 7, Martinez pleaded guilty to money laundering conspiracy and concealment money laundering.

    The Drug Enforcement Administration (DEA) Lexington Resident Office investigated the case, working closely with the Detroit Field Division and Rocky Mountain Field Division, and assisted by DEA offices in Mexico, Minneapolis, St. Louis, Birmingham, Chicago, Cincinnati, Tulsa, Oklahoma City, Louisville, Baltimore, Des Moines, Milwaukee, Portland, Columbia, and Rapid City, as well as the Internal Revenue Service (IRS) Criminal Investigation Division.

    Deputy Criminal Chief Todd Bradbury of the Eastern District of Kentucky and Trial Attorney Elizabeth R. Rabe of the Criminal Division’s Money Laundering and Asset Recovery Section prosecuted this case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and other transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhoods.

    – END –

     

     

    MIL Security OSI –

    June 27, 2025
  • MIL-OSI USA: June 26th, 2025 Heinrich, Schatz, Wyden Slam Republicans’ Tax Bill for Gutting Tribal Energy Program and Energy Tax Credits

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    More than 100 Tribes have signed onto letters calling on the Senate to protect the Tribal Energy Loan Guarantee Program and the Clean Energy Tax Credits

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member on the U.S. Senate Energy and Natural Resources Committee, U.S. Senator Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, and U.S. Senator Brian Schatz (D-Hawai‘i), Vice Chairman of the U.S. Senate Committee on Indian Affairs, released the following statement on Republicans’ Big, Beautiful Betrayal that harms Tribal communities:

    “As extreme heat strains the grid and leaves thousands without power, Senate Republicans are pushing a bill that would hike costs and worsen energy shortages. Their plan slashes investments in the new energy sources we need to meet demand and keep prices down.

    “The bill is particularly harmful to Tribal Nations, pulling the rug out from under projects that would strengthen their energy sovereignty and power local communities. Together, the Tribal Energy Loan Guarantee Program and our Inflation Reduction Act’s clean energy tax credits have cleared pathways and removed significant barriers for Tribes to finance and build their own resilient energy infrastructure. More than 100 Tribes have advocated to protect these programs, which are already creating high-quality jobs, increasing energy security, and building economic opportunity in Indian Country and across the nation. We are also committed to taking additional steps to level the playing field for Tribal communities and cut the red tape that has limited their access to these energy programs. 

    “The Big, Beautiful Betrayal isn’t about energy dominance or making life affordable for working families. It’s about cutting essential programs that benefit people from all walks of life to pay for tax cuts for billionaires.”

    More than 100 Tribes have signed onto letters written to Ranking Member Heinrich, Ranking Member Wyden, and Vice Chairman Schatz expressing the importance of the Tribal Energy Loan Guarantee Program and the clean energy provisions of the Inflation Reduction Act to empowering Tribal energy development.

    The letters are available here.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI USA: Congresswoman Torres Introduces The Taxpayer Protection Act

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 26, 2025

    Legislation to Ensure Donor States Receive Fair Federal Funding and Ends Politically Motivated Budget Punishment

    Washington, D.C. – Today, Congresswoman Norma Torres (CA-35) unveiled The Taxpayer Protection Act, legislation that addresses politically motivated funding cuts, as well as the persistent imbalance between donor states’ federal tax contributions and the federal funding they receive.

    For months now, California has been subject to threats of across the board federal funding cuts because of the political whims of the Trump Administration.  This is particularly offensive given California’s role as the biggest donor state in the nation- California taxpayers contribute approximately $83 billion more annually to the federal government than the state receives back in federal funding, according to the Rockefeller Institute of Government. The bill establishes  a transparent, accountable, and equitable framework ensuring that federal funds are allocated based on fairness — not political retribution.

    “California contributes more to our nation than any other state, yet Donald Trump wants to punish us for our values and political decisions. That stops now. This legislation ensures that federal funding decisions are based on need and equity—not political retribution from the Trump Administration. With the Taxpayer Protection Act, we will ensure fairness, transparency, and accountability from the federal government. This bill isn’t about special treatment—it’s about equal treatment. Our tax dollars should work for us, not be used against us,” said Congresswoman Norma Torres.

    The Act establishes the Donor State Protection Trust Fund, a special Treasury account designed to balance donor states federal tax contributions against the federal funding it receives. It requires independent verification and protects against politically motivated funding cuts. It also prohibits federal agencies from circumventing the law through reclassification or freezing funds.

    The bill would include:

    • A formula-based approach linking donor states federal tax contributions to federal funding received.

    • Protections against funding reductions motivated by political retaliation.

    • Oversight against waste, fraud, and abuse by the Government Accountability Office

    Full bill text

    ###

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI USA: U.S. Department of the Interior Authorizes $31 Million in Payments in Lieu of Taxes (PILT) for Oregon Counties

    Source: United States House of Representatives – Congressman Cliff Bentz (R-Ontario)

    WASHINGTON, D.C. — This week, the Department of the Interior announced that more than 1,900 state and local governments across the country will receive a total of $644.8 million in Payments in Lieu of Taxes program (PILT) of which $31 million dollars is designated to Oregon counties. Because local governments cannot tax federal lands, annual PILT payments help defray the costs associated with maintaining community services including firefighting, policing, education, and road construction.

    PILT payments are made for tax-exempt federal lands administered by the Bureau of Land Management, Bureau of Reclamation, National Park Service, and U.S. Fish and Wildlife Service, the U.S. Forest Service, and the U.S. Army Corps of Engineers. Payments are based on the number of acres of federal land within each county or jurisdiction, and the population of that area.

    Said Congressman Cliff Bentz: “Since PILT payments began in 1977, the U.S. Government, through the Department of Interior, has distributed more than $12.6 billion dollars. PILT makes sense, since the Government collects more than $20.7 billion in revenue ANNUALLY from commercial activities on public lands. Millions of acres of federal land are located in Oregon counties, but this land cannot be taxed. Nonetheless, these counties and the people in them shoulder the multitude of costs that benefit this land such as maintaining roads, schools, first responders, law enforcement, and fire protection. This PILT program helps defray some of the cost associated with maintaining these crucial services.”

    Individual payments may vary from year to year as a result of changes in acreage data; prior-year federal revenue-sharing payments; and inflationary adjustments based on U.S. Census Bureau data.

    A full list of funding by State and county is available on the Department’s Payments in Lieu of Taxes page.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI United Kingdom: Appointment of the Chancellor of the High Court: June 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Appointment of the Chancellor of the High Court: June 2025

    His Majesty The King has been pleased to approve the appointment of The Rt Hon Lord Justice Colin Birss as the Chancellor of the High Court with effect from 1 November 2025.

    His Majesty The King has been pleased to approve the appointment of The Rt Hon Lord Justice Colin Birss as the Chancellor of the High Court with effect from 1 November 2025. This appointment follows the retirement of Sir Julian Flaux.

    Background

    Biography of candidate

    The Rt Hon Lord Justice Colin Birss was called to the Bar in 1990 and took Silk in 2008. He started his judicial career as a Deputy Chairman of the Copyright Tribunal in 2009. He was appointed as a Senior Circuit Judge in 2010, as a High Court Judge assigned to the Chancery Division in 2013 and as a Judge of the Court of Appeal in 2021. He is currently the Deputy Head of Civil Justice and Lead Judge for Artificial Intelligence.

    The Appointment

    The appointment of the Chancellor of the High Court is made by His Majesty The King on the advice of the Prime Minister and the Lord Chancellor following the recommendation of an independent selection panel chaired by Baroness Carr of Walton-on-the-Hill, the Lady Chief Justice. The other panel members were Lady Rose (Justice of the Supreme Court), Helen Pitcher OBE (Chair of the Judicial Appointments Commission), The Rt. Rev. Dr. Barry Morgan (Lay JAC Commissioner) and Mr Tom Cross KC (Professional JAC Commissioner).

    The Chancellor of the High Court (CHC) is one of the most senior judges in England and Wales and holds day-to-day responsibility for the operation of the Business & Property Courts (B&PCs) in London and seven city centres across the country, in consultation with the President of the King’s Bench Division. The B&PCs are a global centre of excellence for the resolution of business disputes and hear some of the most complex and high-profile domestic and international specialist civil claims in the world.

    The CHC has full responsibility for the Chancery lists of the B&PCs, which includes the Business List, the Insolvency and Companies List, the Intellectual Property List (including IPEC), the Property Trusts and Probate List, the Competition List, the Financial List (jointly with the Commercial Court) and the Revenue List. Those responsibilities include the deployment of the specialist judges who conduct the hearings and the allocation of cases.

    Originally created as the office of Vice-Chancellor in 1813 and having undergone a number of changes in role since then, the CHC also presides in the Court of Appeal (Civil Division) and sits at first instance in the B&PCs.

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    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom –

    June 27, 2025
  • MIL-OSI USA: Read More (Steube and Hill Introduce RISE Act)

    Source: United States House of Representatives – Congressman Greg Steube (FL-17)

    June 26, 2025 | Press ReleasesWASHINGTON —  U.S. Representatives Greg Steube (R-Fla.) and French Hill (R-Ark.) this week introduced the Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act to reduce risk on capital investments in American industries by establishing a 15% cap on federal capital gains.“American businesses rely on investment to grow and thrive. Yet, our current tax code burdens entrepreneurs and start-ups by taxing federal long-term capital gains at nearly 24%, creating a costly barrier to investment,” said Rep. Steube. “Investing in America should never be a high-risk, expensive gamble. True long-term prosperity and economic security start when Washington unlocks more capital for U.S. industries. Our bill will cap the federal long-term capital gains tax rate at 15%, empowering investors to fuel economic growth and create good-paying American jobs.”“To build a stronger, more prosperous future, we need policies that unlock capital, reward risk-taking, and drive real growth for all Americans. That is exactly what the RISE Act delivers,” said Rep. Hill. “My bill restores the proven, bipartisan capital gains tax rate that encourages long-term investment in Main Street businesses and drives innovation across our country. With greater access to capital, startups can turn ideas into reality, small businesses will expand and hire, and hardworking Americans will have more opportunity and higher wages.”The RISE Act has the support of the National Taxpayers Union, National Venture Capital Association, and Americans for Tax Reform. Background:

    The RISE Act will establish a 15% cap on the federal long-term capital gains tax rate. Under current law, American investors pay nearly 24% in federal capital gains taxes—almost 5% more than the Organization for Economic Cooperation and Development average. This includes the 3.8% Medicare surtax on estates, individuals, and trusts.
    Both Republicans and Democrats have endorsed lower tax rates on capital gains. Three successive administrations, two Democrat and one Republican, approved reduced top capital gains tax rates in 1997, 2003, and 2010.
    In 2012, the Congressional Budget Office and Joint Committee on Taxation recognized that reducing taxes on capital gains provides investors with the resources necessary for “starting, building, and selling new businesses.” 

    Read the full bill here.

    MIL OSI USA News –

    June 27, 2025
  • MIL-OSI Security: Former HUD Employee, Who Moonlighted for Two Other Federal Agencies, Admits Making False Claims

    Source: Office of United States Attorneys

    Defendant Caused an Estimated Loss to the U.S. Government of $225,866

               WASHINGTON – Crissy Monique Baker, 45, a federal employee from Fairfax, Virginia, pleaded guilty today in U.S. District Court to making false, fictitious, or fraudulent claims in connection with claiming to work more hours for the government than she actually did.

               The plea was announced by U.S. Attorney Jeanine Ferris Pirro, Acting Inspector General Stephen Ravas of AmeriCorps Office of Inspector General, and Special Agent in Charge Michael Smith with Office of the Inpsector General of the Department of Housing and Urban Development.

               Between October 2021 and May 2025, Baker worked as a management and program analyst for the U.S. Department of Housing and Urban Development. According to court documents, from October 2021 through July 2024, Baker held multiple full-time government contractor positions to perform human resources services for other federal agencies but did not seek approval from HUD to engage in this outside employment. Through this years-long scheme, Baker billed the government more than 24 hours in a single day between her employment with the federal government and contractors. The estimated loss to the government was $225,866.

               Between September 2021 through April 2023, Contractor-A employed Baker to perform full-time work as a human resources assistant for AmeriCorps. From May 16, 2022, until Dec. 2, 2022, Contractor-B employed Baker to work fulltime as a human resources specialist for the National Institutes of Health. 

               Because of her scheme, Baker willfully caused the contractors to submit false claims to the U.S. Government for hours that she did not actually work. In addition, Baker submitted timesheets to HUD certifying that she worked hours for the government agency that she never actually did. For example, in June 2022, Baker certified through timesheets to HUD, Contractor-A, and Contractor-B, that she worked 26 hours per day on 13 workdays out of a total of 21 workdays that month.   

               Baker teleworked in all three positions, so she was able to conceal her employment with HUD and the two contarctors from each other.

    U.S. District Court Judge Sparkle L. Sooknanan scheduled sentencing for Sept. 30, 2025.

               This case was investigated by the Offices of the Inspector General for the following agencies:  AmeriCorps; Housing and Urban Development; the Department of Energy; the Federal Deposit Insurance Corporation; the Department of Homeland Security; the General Services Administration; the Department of Health and Human Services; and the Department of Treasury (Treasury Inspector General for Tax Administration), the Department of Defense (Defense Criminal Investigate Service), and the Pension Benefit Guaranty Corporation, along with the Federal Bureau of Investigation.

               The case is being prosecuted by Assistant U.S. Attorneys Will Hart and Kondi Kleinman.

    25cr172

    MIL Security OSI –

    June 27, 2025
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