House Republicans hoping to extend the 2017 tax cuts are beginning to systematically examine tax provisions in the Democrats’ landmark climate law. Whether those climate provisions will land on the chopping block remains to be seen. On Wednesday, a Ways and Means Committee “tax team” focused on manufacturing and energy will meet for the first … Read more
GannettJonathan Bandler, Rockland/Westchester Journal NewsJune 5, 2024 at 8:47 PMTwo Eastchester accountants have admitted their roles in a tax fraud scheme that allowed corporate clients to avoid tax liabilty by sending company checks to the accountants and getting cash in return that they never reported.Jack Sardis, 66, of Englewood Cliffs, New Jersey, pleaded guilty Wednesday … Read more
The Chancellor, Jeremy Hunt, has said that a future Conservative Government will not increase any rate of income tax or National Insurance for the duration of the next Parliament. He has confirmed that income tax thresholds will remain frozen until 2028 as already legislated, but that the freeze would not continue beyond this point. One … Read more
The last two years have been rough for the NFT market, and 2024 doesn’t look much better. With falling sales and investors losing appetite for digital artwork, market projections became less optimistic, showing only a modest 2.6% annual growth by 2028, twenty times less than this year. Moreover, the entire market faces a substantial user … Read more
Tamassos Bishop Isaias threatened on Wednesday to send police to the infamous Osiou Avakoum monastery in Fterikoudes, if monks attempt to return there on June 6, when their suspension ends. The monks had been suspended by Isaias when the scandal broke in March, and since then it has been rumoured that the bishop would be … Read more
Prime Minister Rishi Sunak and Labour challenger Keir Starmer debated over how to boost Britain’s economy, with Sunak accusing Labour of wanting to increase taxes if they win power. Sunak claimed that Labour would raise taxes by £2,000, but Starmer called this figure “nonsense.” Starmer criticized the Conservative Party for presiding over economic chaos and opposed Sunak’s plan for mandatory national service. Sunak also discussed tackling immigration by sending illegal asylum seekers to Rwanda, while Starmer said he had a plan to address immigration concerns. An opinion poll after the debate suggested that Sunak had won.
Hunter Biden’s criminal trial on gun charges began with a government lawyer stating that he was being prosecuted for lying on a form to purchase a handgun and not above the law. Hunter Biden pleaded not guilty to three felony charges related to failing to disclose his drug use when purchasing a gun. The trial is taking place in Wilmington, Delaware, and Hunter Biden’s attorney argued that the gun was never used and was disposed of shortly after purchase. Hunter Biden has publicly discussed his drug addiction, and FBI agent Erika Jensen is expected to testify about his messages discussing drug use. If convicted on all charges, Hunter Biden faces up to 25 years in prison.
Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.
Bishop Isaias of Tamassos has indefinitely extended the suspension of Abbot Nectarios and Monk Porphyrios of the Saint Habakkuk monastery due to an ongoing case involving alleged financial improprieties and misconduct. The monks are barred from performing any liturgical acts until a final decision is reached by the Church authorities.
President Biden is proposing a tax hike on savings, including a 45% tax on capital gains, which would negatively impact retirement savings for millions of Americans. Biden’s proposed tax increases on investment are driven by the government’s addiction to spending, with a proposed federal budget of .3 trillion and .9 trillion in future tax hikes. These taxes will result in lower spending and reduced savings for families, affecting their ability to save for retirement. Biden’s policies are seen as detrimental to individuals and the economy, as they will hinder investment and economic growth.