In Case We Missed ItWhat did we miss? Attach your ideas to a Mickey Mouse Graduation 2018 Ear Headband for Adults and send it to [email protected] with the words “In Case You Missed It” in the subject line. Share This!I feel like this is going to be a relaxing weekend. Spring is here and I’m ready to just sit outside and read, which I’m totally gonna make sure to I do.This week, see which Disney characters will be going to space, see how fast the Avengers got to $1 billion, and more.In Case You Missed It – Disney and Universal Orlando News and RumorsWant to know why the theme parks were exceptionally busy this past year? It’s because Orlando hit a record 72 million tourists. Wow!Disney could be looking for new island as they make way for the three new cruise ships. See where they are looking now.Ever want to know what Club 33 is like? Buzzfeed has a look at 20 magical things you may not know about this illusive secret spot.This week, The Disney Company reported their earnings call and things look good once again.During this week’s earnings call, Bob Iger said that Disney wasn’t done building theme parks. Theme Park Insider takes a look at where things may be going.Comcast isn’t done trying to purchase 21st Century Fox. They are offering an all cash deal. Oh and James Murdoch will apparently not be joining the Disney Company if the Fox deal does indeed go through.Holy cow! Avengers: Infinity War has now become the fastest film to ever top 1 billion dollars….in just 11 days, therefore besting Star Wars: The Force Awakens.Alaska Airlines recently debuted is Incredibles 2 airplane. Now I know what I want to fly on on my next trip!This week, we lost another Disney animator. Dave Michener passed away at the age of 85. He helped to animate The Aristocats and Robin Hood.Wall-E and Eve are going to be going to space! Finally. 🙂Emril will be closing his restaurant in CityWalk. Will you miss this restaurant? Also, now I’m curious as to what restaurant will end up taking its place.
American author Jeffery Deaver has writtenthe latest installment in the phenomenallysuccessful James Bond franchise.(Image: Jeffery Deaver) MEDIA CONTACTS • Claire Richards PR, Jonathan Ball Publishers +27 21 469 8900 RELATED ARTICLES • Jock to grace SA screens again • SA short film makes festival finals • Cape Town: Africa’s Hollywood • SA-set sc-fi satire huge hit in USLyndon JafthaJames Bond – the name is synonymous with beautiful women, action-packed missions, cars, gadgets and explosions.To date, there have been 36 James Bond novels, of which 24 have made it onto film. Now, the big screen version of Carte Blanche, the 37th and latest Bond novel, will be partially filmed in the city of Cape Town, these days a popular destination for film, television and advertising shoots.Author Ian Fleming wrote the first Bond novel, Casino Royale, in 1953, introducing the world to one of its most enduring heroes.The British author published 14 Bond books between 1953 and 1964, using his own naval intelligence experience as background material. There have been suggestions that Fleming based some of his characters on real people – himself included.However, the new 007 is written by American crime author Jeffery Deaver, and was launched in Cape Town earlier in 2011. There have been over 100-million James Bond books sold since Casino Royale first hit the bookshelves, and Deaver promised that his new book will live up to the standard of the franchise.Speaking via Skype at the Cape Town launch, Deaver said: “True to James Bond novels, Cape Town is exotic and beautiful.”Carte Blanche is set in mid 2011. Former naval officer Bond has just joined the Overseas Development Group (ODG), an independent unit of British security. His assignment is to “identify and eliminate threats to the country by extraordinary means.”After preventing the derailment of a Serbian train carrying a toxic material, the suave spy focuses on Green Way International, a waste disposal group led by one Severan Hydt. The ODG allows Bond to investigate Hydt, after it learns that he was involved in the Serbian train plot. Bond tracks him to Dubai, then to South Africa.In South Africa, Bond poses as a Durban-based mercenary and fools Hydt into welcoming him into his inner circle. But then he finds out that he and the ODG were misled.Showcasing the cityAccording to a report on FilmContact.com, production will start in the southern hemisphere spring, with a release date scheduled for October 2012.The South African part of the film will be set in Cape Town’s townships, vineyards, along the Atlantic seafront, and on top of the famous landmark Table Mountain – capturing all aspects of the city.The actor most recently cast in the role of the super-spy, Daniel Craig, is likely to return as Bond. But, said Deaver, “If he is not available to play the part, I will be available. I would be happy to be in Cape Town again.”Actors who played the role of Bond over the years include Sean Connery, George Lazenby, Timothy Dalton, Pierce Brosnan, and Craig.Popular with the international film communityIn recent years Cape Town has become increasingly popular as a film destination, with a number of international films being shot, either partially or in full, in the city. Blockbusters such as Ask the Dusk (Colin Farrell, Salma Hayek, Donald Sutherland), Blood Diamond (Leonardo DiCaprio, Arnold Vosloo, Djimon Hounsou) and Lord of War (Nicholas Cage, Jared Leto) have been filmed in Cape Town.Earlier productions include Broken Arrow (John Travolta, Christian Slater), Red Dust (Hilary Swank) and the television series The Adventures of Sinbad.Numerous Bollywood productions have taken advantage of Cape Town’s unique offerings, such as Cash (2006), directed by Sohail Maklai, No Problem (2009) starring Anil Kapoor, Tum Mile (2009) directed by Kunal Deshmukh, and Blood Money (2011), directed by Vishal Mahadkar.Humble beginningsThe first ever newsreel was shot in South Africa during the Anglo-Boer War, which ended in 1902. The weekly newsreel ran for more than 60 years.Film production began in 1916 when IW Schlesinger set up Killarney Studios in Johannesburg, and the studio cranked out 42 movies between 1916 and 1922.When access to international markets became limited in the 1920s, the so-called 30-year lull began, and it was only in the 1950s that the market picked up again, when Afrikaans filmmakers developed an interest in the industry.In the 1980s, South Africa gave foreign companies the opportunity to film cheap straight-to-video movies in the country by giving them tax breaks. After 1994, the local film industry lagged behind international films. However there were several that were well received overseas, such as Cry, the Beloved Country, filmed in 1995, which won a number of awards, including one from the Screen Actors Guild.The local film industry has matured since then and has now earned international recognition. The 2005 film Tsotsi won an Oscar in 2006 under the category Best Foreign Language Film. In 2009, the sci-fi hit District Nine was nominated for an Oscar for Best Film.
8 Best WordPress Hosting Solutions on the Market A Web Developer’s New Best Friend is the AI Wai… klint finley Cloud Preservation, a service from Nextpoint, is a simple service for archiving data from Twitter, Facebook, LinkedIn and other web-based services. The company pitches its service as a compliance tool, but it makes sense as a storage tool for anyone that might want to have a backup of all the information they’re putting into these sorts of services. The company crawls and archives pages from the service and stores them as HTML which can then be saved or exported as a PDF. Interestingly, the service can also follow links and archive the first page of each link it finds in any given feed.It was easy to setup and get started archiving my Twitter feed, but for some reason the service won’t recognize my facebook page. The company offers four price plans:Basic: $15 a month, 5 feeds and up to 1 gig of storagePlus: $95 a month, 10 feeds and up to 10 gigs of storagePro: $295 a month, 50 feeds and up to 25 gigs of storageManaged: Variable pricing, unlimited feeds and storage Those are some pretty big price and storage jumps, and one gig of storage just doesn’t seem like a lot these days.Cloud Preserve competes with Backupify and Iterasi, which also offers web archiving tools.The ability to automatically archive social media streams, and the pages linked to, reminds me of the seemingly defunct Twitchboard and Chris Arkenberg‘s “personal cloud agent” concept. Our Sarah Perez covered this idea in 2008:These cloud agents, as he describes them, will help us sort and search the massive volumes of data we interact with regularly. He envisions that soon we’ll have many of these cloud agents, swarming around us, working on our behalf, helping to parse the data flowing in and providing us with the information that we need, separated from the noise.Sadly, it seems like we’re still a long way from this, but maybe cloud archiving services will help bring us one step closer.(hat tip: Wes Unruh) Related Posts Why Tech Companies Need Simpler Terms of Servic… Top Reasons to Go With Managed WordPress Hosting Tags:#cloud#saas
In the summer of 1956, 10 scientists and mathematicians gathered at New Hampshire’s Dartmouth College to brainstorm a new concept assistant professor John McCarthy called “artificial intelligence.” According to the original proposal for the research project, McCarthy — along with fellow organizers from Harvard, Bell Labs, and IBM — wanted to explore the idea of programming machines to use language and solve problems for humans while improving over time.It would be years before these lofty objectives were met, but the summer workshop is credited with launching the field of Artificial Intelligence (AI). Sixty years later, cognitive scientists, data analysts, UX designers, and countless others are doing everything those pioneering scientists hoped for — and more. With deep learning, companies can make extraordinary progress in industries ranging from cybersecurity to marketing. It’s just a matter of knowing where to start.Think of AI as a machine-powered version of mankind’s cognitive skills. These machines have the ability to interact with humans in a way that feels natural, and just like humans they can grasp complex concepts and extract insights from the information they’re given. Artificial intelligence can understand, learn, interpret, and reason. The difference is that AI can do all of these things faster and on a much bigger scale.“In the era of big data, we have the need to mine all of that information, and humans can no longer do it alone,” says Mark Simpson, VP of offering management at IBM Watson Marketing. “AI has the capacity to create richer, more personalized digital experiences for consumers, and meet customers’ increasingly high brand expectations.”The knowledge companies stand to gain by using AI seems to have no bounds. In healthcare, medical professionals are applying it to analyze patient data, explain lab results, and support busy physicians. In the security industry, AI helps firms detect potential threats like malicious software in real time. Marketers, meanwhile, can use AI to synthesize data and identify key audience and performance insights, thus freeing them up to be more strategic and creative with their campaigns.There’s something else AI is very good at, and that’s improving the relationship between companies and consumers. “Even in its earliest iteration, AI helped companies better understand how to be human,” says Brian Solis, author and principal analyst at Altimeter, the digital analyst group at brand and marketing consultancy Prophet. “The irony is that it took this very advanced technology to make them think differently about how they should communicate with their customers.”Over the past 50 years, Solis says, advances like speech technology, automated attendants, virtual assistants, and websites have opened a chasm between companies and customer engagement while also multiplying consumer touchpoints. But AI has the potential to close that gap.By helping marketers collect data, identify new customer segments, and create a more unified marketing and analytics system, AI can scale customer personalization and precision in ways that didn’t exist before. Connecting customer data from sources like websites and social media enables companies to craft marketing messages that are more relevant to consumers’ current needs. AI can deliver an ad experience that is more personalized for each user, shapes the customer journey, influences purchasing decisions, and builds brand loyalty.IBM’s Watson Marketing is leading the charge with a platform that capitalizes on all that AI has to offer. Products like Customer Experience Analytics lets marketers visualize the customer journey and identify areas where consumers might be experiencing friction. Companies get a more complete view of the customer journey, which they can then optimize to improve customer engagement and conversion rates. Since it’s delivered through a single, unified interface, IBM Watson Customer Experience Analytics makes gaining actionable intelligence a seamless process for brands.According to market research firm TechNavio, the AI market in the US is expected to grow at a compound actual growth rate of about 50% through 2021. In its 2017 report Artificial Intelligence: The Next Digital Frontier? the McKinsey Global Institute urges companies not to delay “advancing their digital journeys” — especially when it comes to leveraging AI. “It’s those who understand how to use AI in new ways, to create new mindsets and paradigms, that will instill a competitive advantage that wasn’t there before,” Solis says.We’ve entered the age of deep learning, and with human guidance AI is finally reaching its true potential. Today, the technology McCarthy and his colleagues dreamed about in 1956 takes the form of AI platforms like Watson Marketing. And now is the right time to truly harness the power of AI and put it to work for business success.Find out more about how Watson Marketing can uncover insights to help you better understand your customers. Read the guide.The post A new customer experience, how AI is changing marketing appeared first on Marketing Land.From our sponsors: A new customer experience, how AI is changing marketing A new customer experience, how AI is changing marketingYou are here: Posted on 14th November 2018Digital Marketing FacebookshareTwittertweetGoogle+share HomeDigital MarketingA new customer experience, how AI is changing marketing Related postsLytics now integrates with Google Marketing Platform to enable customer data-informed campaigns14th December 2019The California Consumer Privacy Act goes live in a few short weeks — Are you ready?14th December 2019ML 2019121313th December 2019Global email benchmark report finds email isn’t dead – it’s essential13th December 20192019 benchmark report: brand vs. non-brand traffic in Google Shopping12th December 2019Keep your LinkedIn advertising strategy focused in 202012th December 2019
Tags:#Felix & Paul#Felix & Paul Studios#Guest Posts#virtual reality#VR How to Avoid Being Part of 90% of Failed Companies Why Your eCommerce Business Should Have a Pop-U… Related Posts Building a Workplace for the Next 100 Years Guest author Emily Atwater works in content strategy at digital agency Huge. She wrote this piece with her colleague Gina Pensiero, who works in content strategy at SoundCloud.Today’s virtual reality (VR) movement is only just finding its place in filmmaking. Here, VR filmmakers Felix & Paul discuss the nature of production using this immersive, 360-degree medium. This interview is a continuation from Part 1, available here. See also: The Brave New World Of Virtual-Reality Filmmaking Emily Atwater: Let’s talk about production logistics. How big is the team you work with? Felix & Paul: As an example, we just came back from Borneo where we did a VR project with documentary-like themes, and we worked with 8 people, which is as small as we can be with the handling of the equipment and data. If we did a fiction project, we could work with even fewer than 8. Right now it’s a little heavier lift than the traditional filmmaking we did before. Meanwhile we have a team at the studio of about 20 people, working on software, hardware, image manipulation, etc. We try to ensure we have enough people to keep up a reasonable pace so we don’t have to wait too long for a project to come out. EA: Speaking of time, what is the typical production timeline for something like an 8-minute piece? F&P: It varies wildly, but the shooting process itself doesn’t take long because we don’t shoot multiple angles of the same scene, but instead pick up one shot per location. The rhythm of a project is about sinking into the moment and the space, and we don’t want to interrupt that moment so we take longer shots. So filming isn’t a long part of the process, but post-production is a bit longer. For an 8-minute piece it might be a month and a half. EA: Can you talk more about the camera and technology? It sounds like a lot of what you use didn’t exist before and you’ve had to do it yourselves. We designed a camera technology for our needs, meaning we knew we would be dealing with human proximity, filming people up close because that’s what was so attractive to us in the first place – the human connection through VR. So we created a camera system that replicates how we perceive scale and space in physical reality. We worked and iterated a lot on the camera technology to get as close as we could to that reality. The camera itself is about the same dimensions as a person sitting in a chair, which is convenient since we shoot a lot in seated positions. In terms of how it all came to be, we had to develop a lot of the technology ourselves because we didn’t have the hardware and software to do what we wanted to do. We started building our own prototypes, surrounding ourselves with a team of engineers and software designers. We’re starting on the fourth generation of our camera right now. Initially we would assemble things with off the shelf equipment, but now we’re building the hardware almost from scratch. We’re not designing sensors, but we’re assembling the components of the cameras ourselves. Every time we shoot a project, we learn what works and what doesn’t and get ideas on how to expand on the possibilities of what can be done with live action virtual reality. EA: Are there any VR cameras available commercially? F&P: Not really. Google has announced a platform for content creators involving GoPro and 3D camera rigs, and might be the first company to offer that kind of tool to content creators, which is great. Another problem is that there are no standards for quality right now, so you can create a makeshift camera system for VR that could do a decent job, but eventually there might be a change in quality standards that influences production and access to cameras. EA: What is planning like and thought process for an individual production? F&P: We mentioned that we’re doing some serial content, and right now we’re doing a series called Nomads. “Herders” was the first episode, set in Mongolia. Now we’ve traveled to Kenya and Borneo and met with other tribes and nomadic cultures. Our priority for the project is enabling an experience of those cultures and lifestyles, so different from our own, and doing it without commentary or narrative—to just take it in. Before we do a project like that, we try to define what would be evocative enough without a narrative. We talk with anthropologists, do research, and try to define the types of experiences that would speak for themselves and communicate a sense of how those people live their lives. We want to be observers and participants in a way that is authentic and un-intrusive, and not manipulate reality. We spend about a week just being with the people, ensuring that the plan we made is good enough to move forward and achieve the emotional connection between the viewer and the subject. EA: What is the relationship like with other VR filmmakers today? F&P: There are not many people doing it right now. Chris Milk & Vrse makes interesting content, primarily live action. Oculus Story Studio is a branch of content creation out of Oculus that does computer-generated content with many former Pixar employees that bring a different perspective to VR. We have a lot of creative exchanges with these people, because ultimately we’re all explorers. No one is an expert here. Everyone is exploring with a point of view and a process, but there is no roadmap for the future. Gradually we’re figuring out the territory. ConclusionVR filmmaking is in its infancy, and it’s anyone’s guess what will happen in the next several years. Regardless, it’s an exciting time to be creating content that puts the user squarely inside the experience and tell a story that literally revolves around them. We can learn from these experimentations as content creators in the digital space when we think about how to contextualize our content for the user and orient them in whatever digital experience we are building. Where does the user fit within the experience? Is it purely experiential or interactive? Will the user connect emotionally with the content?It’s no surprise that viewer-first filmmaking and user-first design would have some similarities, but in our everyday lives user-first design is still only as immersive as the screen allows it to be. With new opportunities and implications for VR, and an audience at once isolated and singularly focused on their devices, but hungry for personal connection, it’s a brave new world for content creators willing to push the bounds of storytelling. Photo courtesy of Jaunt emily atwater Why Your Company’s Tech Transformation Starts W…
CCH Tax Day ReportThe Treasury and IRS have issued regulations on the withholding of tax on U.S. source income paid to foreign persons (Chapter 3-Code Secs. 1441 and 1461), information reporting (Chapter 61-Code Secs. 6041, 6042, 6045, 6049 and 6050N) and backup withholding (Code Sec. 3406) with respect to payments made to certain U.S. persons, and portfolio interest paid to nonresident aliens and foreign corporations (Code Sec. 871). Proposed regulations under Chapter 3 and Chapter 61 and Code Secs. 871, 3406 and 6402 are finalized with minor changes. Temporary regulations provide additional rules under Chapter 3. The regulations generally apply to payments made on or after December 30, 2016.On January 28, 2013, the Treasury and IRS published final regulations under Chapter 4 (Code Sec. 1471 -Code Sec. 1474) (T.D. 9610, I.R.B. 2013-15, 765) (the 2013 final regulations)). On March 6, 2014, the Treasury and IRS published temporary Chapter 4 regulations (T.D. 9657, I.R.B. 2014-13, 687 (2014 temporary regulations)). On March 6, 2014, temporary regulations were published under Chapter 3, Chapter 61 and Code Sec. 3406 (T.D. 9658, I.R.B. 2014-13, 748) (temporary coordination regulations)). The temporary coordination regulations modified certain provisions under Chapters 3 and 61 and Code Sec. 3406 to coordinate with the Chapter 4 regulations.The temporary and final regulations in T.D. 9808 (referred to here as the Chapter 3 regulations) clarify and revise parts of the 2014 temporary coordination regulations and in some cases coordinate with the final and temporary Chapter 4 rules in T.D. 9809, issued on December 30, 2016 (TAXDAY, 2017/01/03, I.2). Some of the provisions in the Chapter 3 regulations were previewed in the following: Notice 2014-33, I.R.B. 2014-21, 1033; Notice 2014-59, I.R.B. 2014-44, 747; and Notice 2016-42, I.R.B. 2016-19, 67.The following are some of the changes made to the requirements for deducting and withholding tax on payments to foreign persons under Reg. §1.1441-1:(1) The rules in the temporary regulations that allow a U.S. branch of a foreign person to be treated as a U.S. person no longer require that the foreign person have a specified Chapter 4 status, such as a participating FFI.(2) An undocumented entity payee that is an exempt recipient is presumed to be a foreign person if the name of the payee indicates that it is on the list of per se corporations, and if the name has the designation of corporation or company, the withholding agent has a document that reasonably demonstrates the payee is incorporated in the relevant jurisdiction.(3) Withholding agents may rely upon forms or documentary evidence received by facsimile or scanned and sent by e-mail after March 6, 2014, regardless of when the payments are made.(4) A withholding agent may obtain valid documentation after the payment date to establish a reduced rate of withholding if additional requirements are met. In the case of documentation for income that is effectively connected with the conduct of a trade or business in the United States, a requirement is added that an affidavit be provided establishing that the beneficial owner actually included the income on its income tax return for the tax year in which the income is required to be reported for U.S. tax purposes.(5) An individual will not be treated as a U.S. person for a tax year (or portion of a tax year) in which the person is a dual resident taxpayer who is treated as a nonresident alien.(6) An address that is subject to a hold mail instruction can be relied upon as a permanent residence address if documentary evidence is provided establishing the person’s residence.(7) A requirement is added that a withholding agent may not treat as valid an allocation of a payment subject to Chapter 3 withholding to a withholding rate pool of U.S. payees that a nonqualified intermediary does not identify as described in Reg. §1.471-3(c)(3)(iii)(B)(2)(iii), for payments made on or after April 1, 2018.(8) Under a new rule, a withholding agent may rely on an alternative withholding statement received from a nonqualified intermediary to the extent that the nonqualified intermediary provides the withholding agent with beneficial owner withholding certificates (and not just documentary evidence).(9) It is clarified that, in order for an individual’s withholding certificate supporting a claim of foreign status to remain valid indefinitely, the withholding certificate and documentary evidence must be received within 30 days of one another, regardless of which is received first. A withholding certificate provided by an entity on Form W-8BEN-E, accompanied by documentary evidence will be valid indefinitely if the withholding agent receives both before either the certificate or documentary evidence expire.(10) The treaty statement that is required for a reduced rate of withholding under a treaty and to satisfy limitation of benefits provisions associated with documentary evidence will remain valid until the last day of the third calendar year following the year in which the statement is provided with the withholding agent. Existing accounts documented with documentary evidence before December 30, 2016, expire January 1, 2019.(11) Requirements for establishing an electronic system to collect Form 8233, Exemption from Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien, are added.(12) Valid electronically signed withholding certificates may be accepted, regardless of whether an electronic system is established, if the withholding certificates reasonably demonstrate to the withholding agent that they have been electronically signed by the recipient identified on the form or a person authorized by the recipient to sign the form.(13) Guidance is provided regarding circumstances under which a Form W-8 maintained by a third-party repository will be considered furnished by a withholding agent.(14) Withholding agents generally may use prior versions of withholding certificates until the later of six months after the date of issuance of the most recent withholding certificate or the end of the calendar year during which the revision was used.(15) Rules are added that align with the Proposed Qualified Intermediary Agreement in Notice 2016-16, I.R.B. 2016-29, 67. The final QI agreement was issued on December 30, 2016, in Rev. Proc. 2017-15 (TAXDAY, 2017/01/03, I.1).(16) Beginning January 1, 2017, for an account maintained at a U.S. branch or office of a withholding agent that is a financial institution, the withholding agent will collect the account holder’s foreign TIN, and in the case of an individual account holder, the date of birth, on the withholding certificate. For withholding certificates associated with payments made on or after January 1, 2018, a foreign person that does not have a foreign TIN must provide a reasonable explanation for the lack of foreign TIN.The following are some of the changes made to the requirements for claiming reduced withholding under an income tax treaty in Reg. §1.1441-6:(1) The Chapter 3 regulations reflect the revised Form W-8BEN-E instructions to require that the limitation on benefits statement on the form identify the specific limitation on benefits provision upon which the taxpayer is relying. A withholding agent can rely on the information unless it is known to be unreliable or incorrect. The information is to be reported beginning in 2018.(2) The Chapter 3 regulations clarify a withholding agent’s responsibility with respect to claims of benefits under an income tax treaty.The following are some of the changes made to provisions relating to withholding agents in Reg. §1.1441-7:(1) A withholding agent may treat an entity account opened during the transition period between July 1, 2014, and January 1, 2015, as a preexisting entity account for purposes of the standards of knowledge applicable to accounts under Chapter 3 and Chapter 61.(2) The existence of U.S. indicia on a Form W-8ECI will not cause a withholding agent to have reason to know that the form is unreliable or incorrect for purposes of establishing the account holder’s status as a foreign person.(3) Due to the new provisions provided in Temporary Reg. §1.1441-1T(e)(4)(i)(B), describing when a withholding agent may except a withholding certificate electronically, the standards of knowledge for payments to intermediary and flow-through entities in Notice 2016-08, I.R.B. 2016-6, 304, are no longer necessary.(4) A withholding agent must file Form 8655, Reporting Agent Authorization, only when its agent files a Form 1042 as the filer on behalf of one or more agents.The following are some of the changes made to the provisions covering payment and returns of tax withheld in Reg. §1.1461-1:(1) The Form 1042-S may be furnished to recipients, electronically, beginning in calendar year 2017, for payments made in calendar year 2016.(2) The Form 1042-S instructions will be modified to allow a foreign TIIN to be truncated on the recipient copy of the Form 1042-S, consistent with the truncation of U.S. TINs in the Form 1042.The following are some of the changes made to provisions on reporting interest and original issue discounts in Reg. §1. 6049-5:(1) A payor may continue to use, for accounts opened on or after July 1, 2014, and before January 1, 2015, the rules regarding the use of documentary evidence, in the 2013 regulations, rather than the new rules for offshore obligations, as previewed in Notice 2014-59.(2) A change to the presumption rule for U.S. source interest, which was inadvertently removed, is re-added.The Chapter 3 regulations also clarify in Reg. §1.1441-2 that U.S. source gross transportation taxable income (USSGTI), subject to the 4-percent tax under Code Sec. 887(a), is not subject to withholding under Code Sec. 1441 or Code Sec. 1442.T.D. 9808, 2017FED ¶47,007Proposed Regulations, NPRM REG-134247-16, 2017FED ¶49,733Other References:Code Sec. 871CCH Reference – 2017FED ¶27,341BCode Sec. 1441CCH Reference – 2017FED ¶32,702ACCH Reference – 2017FED ¶32,703CCH Reference – 2017FED ¶32,703ECCH Reference – 2017FED ¶32,704CCH Reference – 2017FED ¶32,704JCCH Reference – 2017FED ¶32,706CCH Reference – 2017FED ¶32,708CCH Reference – 2017FED ¶32,710CCH Reference – 2017FED ¶32,712CCH Reference – 2017FED ¶32,713CCH Reference – 2017FED ¶32,714CCH Reference – 2017FED ¶32,714GCode Sec. 1461CCH Reference – 2017FED ¶32,821CCH Reference – 2017FED ¶32,822Code Sec. 3406CCH Reference – 2017FED ¶33,641MCCH Reference – 2017FED ¶33,641RCode Sec. 6041CCH Reference – 2017FED ¶35,821CCH Reference – 2017FED ¶35,829Code Sec. 6042CCH Reference – 2017FED ¶35,863CCH Reference – 2017FED ¶35,865Code Sec. 6045CCH Reference – 2017FED ¶35,923Code Sec. 6049CCH Reference – 2017FED ¶36,025CCH Reference – 2017FED ¶36,029Code Sec. 6050NCCH Reference – 2017FED ¶¶36,300BCode Sec. 6402CCH Reference – 2017FED ¶38,517Tax Research ConsultantCCH Reference – TRC INTL: 33,000
Mumbai-based realty major Lodha Developers on Tuesday announced plans to build the world’s tallest tower at a cost of Rs 2,000 crore in central Mumbai. Players in the real estate business are of the opinion that there would certainly be demand for this mammoth project.According to Yashwant Dalal, president of the Estate Agents Association of India, a project of such magnitude will surely invoke a lot of curiosity. The tower is expected to be ready by 2014.”The property prices in Worli in central Mumbai are anywhere between Rs 60,000 to Rs 65,000 per sq ft depending on the building and the amenities. A project of such big magnitude would surely be priced at a premium. We anticipate that there would be some demand for the project from high net worth individuals,” he said.For the project, Lodha Developers has tied up with New York-based architectural firm Pei Cobb Freed and Partners and structural engineering firm LERA. The project, christened World One, is to be built over 17 acres at Upper Worli.”Through the partnership with global architects, designers and engineers, the company seeks to bring to Mumbai a landmark, which would exemplify the spirit of Mumbai – to always soar higher through hard work and passion,” Abhisheck Lodha, director of Lodha Developers, is reported to have said.The company, which plans to launch a $650-million initial public offering (IPO) later this year, will start bookings by the end of June, 2010. The company plans to fund the project through a combination of customer receipts, accruals of the company and debt finance. “If need be, we might also go in for private equity funding,” Lodha added.advertisementThe building would include about 300 exclusive homes, including three-four bedroom World Residences, lavish World Villas with their own private pools and a limited number of uber-luxurious duplex-world mansions. The company plans to construct three residential towers, a high-end shopping avenue and a world-lass office building.”At over 1,450 ft in height, World One would be the tallest residential tower in the world, which would be rated as Gold Leed certified building,” Lodha added. The units would be ranged between Rs 7.5-Rs 50- crore. Lodha’s also stated that it has already received booking for a few units during prelaunch, which are priced at over Rs 25,000 per sq ft.”We have taken special measures to ensure the highest levels of fire safety and have designed the structure to manage the effect of wind and seismic movements,” Lodha said.The site would have over twolakh sq ft (or five acres) of landscape area for the residents, including a special 80,000 sq ft sports club at a height of 175-feet above ground.Pawan Swamy, managing director (western India), of Jones Lang Lasalle Meghraj, a global realty consultancy firm, said Lodha Developers have the necessary permissions to build a similar project at their recently acquired plot at Wadala for a whopping Rs 4,050 crore.Anand Gupta, Honorary treasurer of the All India Builders Association of India, said the project is something that all should all be proud of.”The structure and the skyline of the city symbolise the development and the progress of the city. If 10 to 20 such projects come up, it would not only mean a huge inflow in terms of revenue to the state government but also the growth the state is seeing,” he said.Earlier, in the first week of April, 2010, a 3,640- sq ft sea facing duplex flat on the 19th and the 20th floors of Samudra Mahal in Worli, Mumbai was sold for Rs 33 crore making it one of the most expensive deals in the country with a flat rate of over Rs 90,000 per sq ft.