Ritblat’s code shoulder

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Di Canio dedicates win to mother

first_imgPaolo Di Canio dedicated a stunning derby victory at Newcastle to his late mother after Sunderland enhanced their prospects of Barclays Premier League survival. The 44-year-old Italian celebrated on his knees as the Black Cats romped to a 3-0 win at St James’ Park, their first in enemy territory in 13 years and just their second anywhere in 17 attempts. A priceless triumph ended a run of nine league games without a victory and lifted the club three points clear of the relegation zone with five matches left to play. Asked if that was how he had dreamt the first derby encounter of his reign would be, Di Canio said: “Can I tell you something? Sometimes, some special things have to remain inside yourself. It’s not good to share with others because it’s very deep inside yourself. But I believe in this thing. Before the kick-off, I saw the face of my mama smiling.” The Italian went on: “Exactly yesterday (Saturday), it was one year since she passed away. Exactly one year ago, there was the same situation. I was in the dug-out the day after she passed away and we won the game – I was at Swindon – and today, it has happened again. “For this, I have to thank not only my mama, otherwise my dad – he is next to her, but today, he is going to be upset. But dad, mama was special today, so my dedication goes to her today, to my mam.” Sunderland took the lead with 27 minutes gone when the hugely impressive Stephane Sessegnon dispatched a low, skidding drive past Tim Krul. With 16 minutes remaining Adam Johnson fired past substitute goalkeeper Rob Elliot from distance, and David Vaughan added the icing to the cake with a superb 82nd-minute strike. Di Canio added: “The big rivalry we have got in this area is very famous around the world, so to get the three points away from home against Newcastle was fantastic. But now we have to drop back and put both feet on the floor. For the result in the area, it is a massive step, but in terms of the table, it’s a small step. “We are on 34 [points] now, we are not safe, but it’s obvious that it was a fantastic result for everybody.” Opposite number Alan Pardew was understandably subdued after a game which saw his side fail to claim a fifth successive home league victory in spectacular style. He said: “We will have to wear it, probably next year as well. That’s what happens when you lose one of these games. We are under no illusions as to the responsibility we have to our fans, and we have let them down 100 per cent.” center_img Press Associationlast_img read more

Jim Boeheim’s salary could force Syracuse University to pay thousands of dollars in additional taxes each year

first_imgUPDATED: Jan. 23, 2018 at 12:01 p.m.Jim Boeheim’s salary could force Syracuse University to pay thousands of dollars in additional taxes every year under a provision of the Republican Party’s controversial tax overhaul plan.“I don’t have much of a feeling on that,” Boeheim said on Monday during the Atlantic Coast Conference coaches teleconference. “I don’t understand exactly what this is all about, really. It’s beyond me.”A nonprofit’s five highest paid employees will generally subject their employer to a new 21 percent excise tax of some of their pay if they make more than $1 million a year in taxable compensation as part of the provision. Boeheim, the university’s head basketball coach, was paid $1,957,449 in reportable income by SU in Fiscal Year 2014. He also earned $2,151,736 in FY 2015. It’s unlikely Boeheim’s annual salary has dipped below $1 million since then.AdvertisementThis is placeholder textAlmost every coach in the ACC league in recent years has been paid more than $1 million as a salary, 990 forms and school announcements show. An SU spokeswoman in a statement said the university’s aware of the tax provision but, “we are not able to discuss specifics of personnel matters.” The excise tax wouldn’t take a chunk out of Boeheim’s salary, though. Consider his reported compensation for FY 2014 as an example. According to the university’s 990 form, SU paid the basketball coach $1,957,449. Of that salary, the excise tax could apply to the amount Boeheim made over $1 million. The GOP’s new excise, if theoretically applied to FY 2014, could hit SU with 21 percent of $957,449, which would be an additional $201,064 in taxes.In FY 2014, Boeheim was also paid $86,221 in an estimated amount of, “other compensation from the organization and related organizations,” according to the 990 form. It remains unclear if that $86,221 would factor into the total amount SU could be taxed 21 percent for, of Boeheim’s salary, if considering FY 2014 as an example. The 990 does not detail if any of that $86,221 was taxable income. So, in theory, the university could be forced to pay more than $201,064 in additional taxes. Nonprofits, including major universities, have to foot the bill under this provision. Not individual employees. Take Duke University as another example.Mike Krzyzewski, one of the highest paid collegiate coaches in history, was paid $4,015,468 in reportable compensation by Duke in FY 2014, according to the university’s 990 form.Krzyzewski could force Duke to pay about $843,248 yearly in additional taxes, under the provision, if theoretically using reportable compensation in FY 2014, as an example. But, like Boeheim, it’s unclear if more than $1.5 million in Krzyzewski’s estimated “compensation from the organization and related organizations” in FY 2014 could also affect that figure. Brian Pinheiro, chair of Philadelphia-based Ballard Spahr, LLP’s business and finance department, said the new excise tax applies to nonprofits in a way similar to that of other taxes applied to publicly traded companies, such as IBM.“The problem with that proposition is that the rest of the tax bill also gives a pretty significant tax cut to publicly traded companies,” Pinheiro said.Pinheiro represents for-profit, tax-exempt church and government employers on matters relating to executive compensation.As part of the Republican Party’s $1.5 trillion tax plan, the country’s federal corporate tax rate was lowered from 35 percent to 21 percent at the start of the year.“It may just purely have been, ‘we need to raise money somewhere, and here’s a good place to do it,’” Pinheiro said of the nonprofit compensation tax.CORRECTION: In a previous version of this post, the theoretical effect of the GOP’s new excise on Fiscal Year 2014 was misstated. The excise could have hit SU with 21 percent of $957,449 of Jim Boeheim’s salary, or an additional $201,064 in taxes. The Daily Orange regrets this error. Comments Published on January 22, 2018 at 12:58 pm Contact Sam: sfogozal@syr.edu | @SamOgozalek Facebook Twitter Google+last_img read more