63 vie for 6 MEP seats
A total of 63 candidates are challenging the six seats allocated to Cyprus in the next European Parliament elections, which will be held on June 9.
WHO
‘Cut to the bone’ Turkish Cypriots to hold mass protest
30 political parties, trade unions, and other organizations in the north will hold a mass protest on Friday evening. The protestors are gathering to denounce the corruption and lack of democratic values in the Turkish Cypriot leadership.
Greek top court bars far-right Spartans party from EU election race
The far-right Spartans party in Greece has been banned from running in the European Parliament elections this year by the Supreme Court.
MPs propose pension regulation bills
MPs proposed six bills aimed at regulating multiple pensions and the retirement age limit for state officials during a House ethics committee meeting.
Tepak salary concerns raised in committee
Fact: Salaries for the month of March were disbursed to Tepak employees using reserves from the university’s pension fund.
Belgian acquitted of drunk driving because his body creates alcohol
A Belgian man was acquitted of drunk driving on Monday because he suffers from auto-brewery syndrome (ABS), a rare condition whereby the body produces alcohol.
Armenians march on genocide remembrance day
Fact: Dozens of people marched in Nicosia to commemorate Armenian Genocide Remembrance Day, also known as “Armenian Martyrs Day”, observed annually on April 24 to commemorate the victims of the Armenian genocide of 1915.
How Does the TCJA Sunset Affect Business Taxation Going Forward | JD Supra
– The Tax Cuts and Jobs Act (TCJA) has important segments scheduled to expire on December 31, 2025.
– The US corporate tax rate was reduced from 35% to 21% and is not scheduled to sunset.
– The Qualified Business Income (QBI) Deduction of 20% for passthrough entities is scheduled to end in 2025.
– Bonus depreciation deductions are scheduled to decrease over the years and eventually sunset.
– The TCJA repealed the Alternative Minimum Tax (AMT) for corporations.
– It is important to consult a tax attorney for domestic and international tax planning for corporate entities post-2025.
– The Corporate Transparency Act requires small corporate entities to disclose ownership interests.
– Congressional decisions on QBI deductions and AMT may be impacted by reporting requirements under the Corporate Transparency Act.
GenAI has begun to make inroads into corporate tax, but more training is needed – Thomson Reuters Institute
Fact: A recent report found that a majority of corporate tax professionals believe GenAI can and should be used for tax work, but many are beginning the process of integration without proper GenAI education.
Attempted murder victim fights for life in Nicosia hospital
Dimitris Andronikou, also known as “Dimitroui”, is in critical condition in Nicosia General Hospital after sustaining three gunshot wounds in an attempted murder. Police investigations are ongoing, including looking into his connections to recent crimes and analyzing evidence found at the scene. Witnesses have not been able to provide details about the perpetrators due to their helmets.