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8)Revealed: What to expect on Republic Moment 2021and what not to

India Republic Day -- Republic Day 2021: In 2020it was the agitation contrary to the Citizenship Amendment Act (CAA). Nowthousands of farmerstypically from Punjab and Haryanahave been camping at the boundaries of Delhi for more than eight weeksdemanding the Centre repeal the three farm laws. For any second year in a lineRepublic Day celebrations inside national capital will be kept under the shadow of headlong protests against laws handed down by the Centre. In 2020it was the agitation contrary to the Citizenship Amendment Act (CAA). This timethousands of farmerstypically from Punjab and Haryanahave been camping at the boundaries of Delhi for more than eight weeksdemanding the Centre repeal the three farm laws. This years Republic Day march will also be the first major public event in pandemic times. What is new this year The case will be pared down in terms of the number of spectatorsthe size of walking contingents and other side sights. The spectator size has been reduced to 25000
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International Financial Services Centre

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The International Financial Services Centre ( IFSC ) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and Special Economic Zone (SEZ) on the derelict state owned former port authority lands of the reclaimed North Wall and George's Dock areas of the Dublin Docklands. The term has now morphed into use as a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ. It officially began in 1987 as an SEZ on an 11-hectare docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for "designated financial services activities" on the site. Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was introduced in 2003. An additional primary goal of the IFSC was to assist the urban renewal and developm
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Location

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The original IFSC 1 (development of the 11 hectare site from 1987 to 1997 under the Custom House Docks Development Authority "CHDDA") comprises the area between Memorial Road, Amiens Street, Lower Sheriff Street (including part of Crinan Strand), Guild Street, and the River Liffey along North Wall Quay and Custom House Quay. Adjacent districts include East Wall to the north and Spencer Dock to the east; the Custom House, Busáras and the city centre lie to the west along Store Street and Abbey Street. Within the IFSC, the original development area lies west of Commons Street. East of Commons Street is the later IFSC 2 expansion (development of an additional 4.8 hectares from 1997 to 2007 under the Dublin Docklands Development Authority (DDDA) which runs along North Wall Quay and Lower Mayor Street. It is an integrated development located in the centre of the city which incorporates office accommodation, educational institutions, housing, restaurants and shopping facilities i
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Financial sectors

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Some of the main sectors of financial services activity carried out in the IFSC are outlined below: Fund Administration & Domiciling edit The original proposal for the IFSC was that it would become a location for high-margin activities such as investment management, banking and securities trading given its low tax rate and proximity to the major centres of London and Paris. However, ultimately few of these companies established offices or relocated to Dublin in the following years and while the level of material employment has grown significantly relative to its former size, it is still well below many of the larger European financial centres in overall terms such as Luxembourg, London, Paris or Frankfurt. Many of the notable fund and investment managers are dealing almost exclusively with domestic business e.g. - Irish Life and Bank of Ireland and many of the examples mentioned in international and domestic media outlets relate to fund domiciling, custody, treasury and more recent
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Technology expansion

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The 2015 IFSC III phase saw the "financial" IFSC merge with the neighboring Grand Canal Dock and Dublin Docklands areas; comprising major offices of global technology multinationals including Google, Facebook, and Amazon. Since the 2015 expansion, the term "International Services Centre" (ISC) is sometimes used. Some of the biggest offices in the IFSC are the law firms (e.g. Matheson, A&L Goodbody, McCann Fitzgerald, and William Fry), and accounting firms (e.g. PwC, KPMG, Deloitte, and Ernst & Young), who advise both the financial multinationals and technology multinationals, operating in the Greater Dublin Area. The legal structures created by IFSC law and accounting firms for securitization (e.g. Section 110 SPVs, and QIAIFs), became important to the tax structuring of US technology firms in the IFSC. Such structures are part of a suite of base erosion and profit shifting (BEPS) tools that enable US technology firms to achieve an effective tax rate (ETR) o
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Global ranking

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GFCI ranking (2007–2019) edit The IFSC, classed as "Dublin", appears in the Global Financial Centres Index (GFCI), a ranking of the competitiveness of over 100 global financial centres based on over 29,000 financial centre assessments from an online questionnaire together with over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit. The index was started in 2007 and is published twice a year; the IFSC (or Dublin) reached a high of ninth in GFCI6, and a low of 73rd in GFCI16. Global Financial Centres Index ranking (2007–2019)a GFCI Survey GFCI Survey Date Dublin Ranking Total Cities Dublin Score GFCI1 March 2007 21 578 GFCI2 September 2007 15 605 GFCI3 March 2008 13 613 GFCI4 September 2008 13 613 GFCI5 March 2009 13 622 GFCI6 September 2009 9 618 GFCI7 March 2010 31 612 GFCI8 September 2010 29 605 GFCI9 March 2011
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Tax haven concerns

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IFSC growth is closely related to concern regarding tax issues, and Ireland as a tax haven, estimated in 2018 by academics to be the world's largest tax haven. The role that the major IFSC accounting and IFSC law firms have played in creating Irish tax haven-type legal structures, including Double Irish, Single malt, and Capital allowances for intangible assets (CAIA) BEPS tools, as well as Section 110 SPV, QIAIF and ICAV zero-tax legal structures, has been chronicled. For example, PwC Ireland, one of the largest professional services firms in the IFSC, was identified in 2013 by Bloomberg as the "great architect" of the Double Irish arrangement, the largest known legal tax avoidance structure in history, responsible shielding over US$100 billion annually from taxation. In addition, Matheson, who state that they have the largest corporate tax group of all IFSC law firms, was identified in 2013 by the Wall Street Journal as the headquarters of 125 major US multi-nationals
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