What, ’s it really like being John Malkovich
John Malkovich is a 70-year-old Hollywood star who describes himself as a plodder with a lot of interests.
remains
Federal Income Taxes Are Set To Skyrocket
The effective federal income tax rate for S Corporation shareholders and partners in a partnership could increase by 30% by December 31, 2025, due to the expiration of certain tax laws.
Agios Sylas fire front improving, authorities say [PHOTOS+VIDEO]
![Agios Sylas fire front improving, authorities say [PHOTOS+VIDEO]](https://ch.jfdi.cc/wp-content/uploads/2024/06/agios-sylas-fire-front-improving-authorities-say-photosvideo.jpg)
A fire broke out in the Agios Sylas area of Limassol, prompting a large operation by the Fire Service and other services to contain it. Efforts are ongoing for complete containment, with the situation having significantly improved. Civil Defence evacuated residences, businesses, and livestock farms in the Polemidia area. Three aircraft and multiple firefighting teams were deployed to combat the blaze, with ground forces creating firebreaks despite strong winds. The Minister of Justice and Public Order oversaw operations at the forward command centre, and the Limassol-Troodos Road has been reopened. Drivers are urged to exercise caution in the area.
COMMENT: Russian tax hikes – important but not large enough
Russia has announced changes to its tax system, moving from a flat to a progressive system by 2025. The upper rate of income tax will rise from 15% to 22% and for corporate taxes from 20% to 25%. These changes are expected to reduce the budget deficit caused by increased military spending but may not be enough to prevent economic overheating. The tax hikes are modest compared to military and defense spending, which is 6% of GDP and rising. The overall fiscal stance remains expansionary, challenging the central bank’s efforts to combat inflation. Russia’s budget deficit is expected to halve this year and remain flat in 2025, while growth forecasts vary with some predicting modest growth and others more upbeat figures.
COMMENT: Russian tax hikes – important but not large enough
Russia has announced changes to its tax system, including a shift to a progressive income tax system in 2025, with the upper rate increasing from 15% to 22% and corporate taxes from 20% to 25%. These changes are expected to reduce the budget deficit caused by increased military spending.
“Returning” from the front after 50 years
The remains of a missing person from 1974, Charalambos Sarlian from Keramoti, Kavala, a Greek national, have been identified. There are no close living relatives to receive and bury them.