IPL 2019: Stoinis delighted as RCB finally get campaign underway with win over KXIP

first_imgadvertisement IPL 2019: Stoinis delighted as RCB finally get campaign underway with win over KXIPMarcus Stoinis hit a quickfire 28 as Royal Challengers Bangalore clinched their first win of IPL 2019 season in Mohali against Kings XI Punjab on Saturday.  graphs No data available! Press Trust of India MohaliApril 14, 2019UPDATED: April 14, 2019 13:37 IST Marcus Stoinis chipped in with a cameo as RCB clinched their first points of IPL 2019 in Mohali on Saturday ( Courtesy by BCCI)HIGHLIGHTSRCB gunned down a 174-run target to beat Kings XI Punjab on SaturdayBatting with AB de Villiers makes my job easier: RCB’s Marcus StoinisWe needed the win, good to get two points and get ourselves started: StoinisFollowing a match-winning partnership with AB de Villiers, RCB all-rounder Marcus Stoinis said batting alongside the South African great made his job a lot easier.Stoinis remained unbeaten on 28, ensuring an eight-wicket win against KXIP, RCB’s maiden victory of the season.The all-rounder had walked in at the fall of skipper Virat Kohli with RCB needing 46 runs off 27 balls. Kohli (67) in company of de Villiers (59 not out) scripted a superb runchase, sharing a 85-run stand to lay the foundation.”I am pretty familiar with this ground, I have played here for three years,” said Stoinis at the post-match press conference here.”The more comforting factor is batting with AB de Villiers, that makes it easier.”He said that RCB badly needed a win to stay alive in the tournament.”We needed it, it’s good get to two points and get ourselves started,” he said.After Kohli got out, Stoinis said he had a chat with de Villiers on how to go about the target.”Make sure to keep head straight, watch the ball, keep it simple and then once you get in think about which balls you want to target,” Stoinis said, referring to the advice from his senior partner.Stonis also praised the knock played by KXIP opener Chris Gayle.”Main thing is every team has got world class players and they have got someone like Chris Gayle, who is arguably the best T20 player,” he said.Praising the effort of RCB bowlers, he said they applied brakes during middle overs claiming wickets at regular intervals, which also ensured that Gayle had to play a controlled innings.advertisement”Make sure you keep coming back and get into contest with every single ball and that’s what our seam bowlers did, they did particularly well. They got hit early but all of them had good spells later and then our spinners controlled through the middle overs as there was a little bit of turn,” said Stoinis.On the games ahead, he said RCB are not thinking too far ahead.”We are not thinking about finals and that sort of thing..it is just about each game now, we can’t afford to get too far ahead of ourselves, it is good to get started, we will take next game as it comes and hopefully we will win few on trot..it’s still a long season,” he said.Also Read | Virat Kohli to AB de Villiers: Being your neighbour in the team hotel a lovely experienceAlso See:For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAkshay Rameshcenter_img view more view less scorecard commentarylast_img read more

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Caterpillar offices raided in probe related to Swiss unit

Federal law enforcement agents enter the headquarters of Caterpillar, Inc., in Peoria, Ill., on Thursday March 2, 2017, after a search warrant was executed at three Caterpillar facilities in central Illinois. (David Zalaznik/Journal Star via AP) by Don Babwin, The Associated Press Posted Mar 3, 2017 12:00 pm MDT Last Updated Mar 3, 2017 at 1:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Caterpillar offices raided in probe related to Swiss unit CHICAGO – Federal law enforcement officials raided three central Illinois facilities of manufacturer Caterpillar on Thursday as part of an investigation the company said may be related to business with its Swiss subsidiary CSARL.Officials from three federal agencies, some wearing jackets that said “police, federal agent”, searched the Peoria, Illinois, headquarters of Caterpillar, one of the world’s largest makers of construction and other heavy equipment. Facilities in East Peoria and Morton, Illinois, also were raided under a federal warrant, U.S. Attorney’s office spokeswoman Sharon Paul said.“We believe the execution of this search warrant is regarding, among other things, export filings that relate to the CSARL matter,” Caterpillar said in a statement later on Thursday, referring to its Swiss subsidiary.Caterpillar spokeswoman Corrie Heck Scott said in an email that the company was co-operating with law enforcement.Paul said the agencies involved included the Internal Revenue Service’s criminal investigation unit, the U.S. Department of Commerce Office of Export Enforcement and the Federal Deposit Insurance Corp.’s office of inspector general. She declined to comment further on the details of the investigation.The exact reason for the raid was unclear, but Caterpillar told the Securities and Exchange Commission in a filing last month that the IRS had notified the company it owed $2 billion more in taxes for the years 2010 to 2012 because of profits from its Swiss unit. Caterpillar said it would “vigorously contest” the tax bill.“We believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines,” Caterpillar said.Two years ago the SEC notified Caterpillar that it was conducting an “informal investigation” relating to CSARL and asked the company to preserve relevant documents.SEC spokesmen in Washington declined to comment Thursday.A 2014 report by U.S. Senate Democratic staff said that Caterpillar had avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits to the affiliate in Switzerland.The report said Caterpillar paid PricewaterhouseCoopers LLP $55 million to develop the tax strategy. Under the strategy, Caterpillar transferred the rights to profits from its parts business to a wholly controlled Swiss affiliate called CSARL, even though no employees or business activities were moved to Switzerland, the report said.In exchange, CSARL paid a small royalty, and the income was taxed at a special rate of 4 to 6 per cent that Caterpillar negotiated with the Swiss government, the report said.Before the arrangement, 85 per cent of the profits from the parts business were taxed in the U.S., the report said. Afterward, only 15 per cent of the profits were taxed in the U.S. The rest was taxed at the special rate in Switzerland, the report said.Last month, Caterpillar said in a filing with the SEC that it was “vigorously contesting” a notice from the IRS that it owed $2 billion more in U.S. taxes for the years 2010 to 2012 from profits earned by the Swiss unit CSARL.“We believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines,” Caterpillar said.Shares of Caterpillar, which have risen 35 per cent over the past year, went into steep decline just before noon as word of the raid on company headquarters and other facilities began to spread, falling almost 5 per cent before recovering slightly to close at $94.36.The case could have a substantial impact on Caterpillar, especially if the government were to secure a criminal conviction.“There are collateral consequences that can be as significant, if not more significant, than the fines themselves” that companies must pay in such cases, said Thomas Cooke, professor at Georgetown University’s McDonough School of Business.One potential consequence that could be huge, Cooke noted: The company could be stripped of its ability to bid for federal contracts. If that happened, it would come just as President Donald Trump’s $1 trillion plan to shore up the nation’s roads, bridges and airports — and create jobs — is being put forward.Caterpillar would normally be a major player in a national infrastructure plan. The company’s chairman and former CEO, Doug Oberhelman, was among two dozen manufacturing CEOs who met with Trump at the White House last week, committing to restoring factory jobs lost to foreign competition.In January, Caterpillar announced it plans to move its global headquarters and about 300 top jobs to the Chicago area after decades in Peoria. Caterpillar also scrapped plans to build a new headquarters in downtown Peoria, which is located about 175 miles southwest of Chicago.___AP Business Writers Matthew Ott and Marcy Gordon in Washington, D.C., contributed to this report. read more

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