citizens

Rising Share of Personal Income Tax and Indirect Tax

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Rising Share of Personal Income Tax and Indirect Tax

– The collection of personal income tax and indirect taxes has increased, while collections from corporate taxes have reduced.
– India’s net direct tax collections grew 17.7% in 2023-24 to hit Rs.19.58 lakh crores.
– The share of corporate taxes contribution to overall tax collection dipped to 46.5% from 49.6% in 2022-23.
– Indirect taxes, including union excise duties and the Goods and Services Tax, have increased from 2010-11 onwards.
– The majority of individuals filing personal income tax have an annual income ranging from Rs 1 lakh to Rs. 5 lakh.
– India has among the highest effective personal income tax rates among BRICS economies.
– Rising share of personal income tax and indirect taxes can lead to income inequality, consumer burden, economic inefficiency, tax evasion, and macroeconomic instability.

Efi Xanthou leaves the Ecologists Movement

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Efi Xanthou leaves the Ecologists Movement

Efi Xanthou resigned from the Ecologists – Citizens’ Cooperation Movement due to a highly undemocratic process at a provincial assembly in Nicosia. Candidates were excluded from voting, a non-official candidate was proposed for mayoral support, and another endorsed candidate was absent from the ballot. Xanthou had been considering leaving since November 2022, but the events at the assembly made her decision to resign inevitable.

30kg of smuggled lamb meat seized at crossing point

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30kg of smuggled lamb meat seized at crossing point

Fact: 30 kilograms of smuggled lamb meat was seized at the Ayios Dhometios crossing point by Turkish Cypriot police.

Cybersecurity levy, other taxes to fuel inflation and impede business growth – CPPE

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Cybersecurity levy, other taxes to fuel inflation and impede business growth – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) in Nigeria has stated that the newly introduced cybersecurity levy and other taxes are impeding businesses’ capacity to drive economic growth, leading to job losses and inflation.

The ordeal of little Konstantinos in the state of irresponsibility

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The ordeal of little Konstantinos in the state of irresponsibility

Konstantinos-Efraim, a 10-month-old boy in Cyprus, is fighting for his life due to a rare condition called spinal muscular atrophy type 1. Despite his urgent need for a home nurse, the government and authorities have been unresponsive and ineffective for four months. The boy’s father publicly shared their ordeal, highlighting the lack of action and responsibility from the government. The family faces financial struggles and challenges in accessing specialized nursing care. The government’s failure to implement early detection tests for such conditions is also criticized.

Cyprus police warns against fake emails

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Cyprus police warns against fake emails

The police warn the public about fake email messages pretending to be from the Cyprus Police. The messages claim recipients are involved in criminal offenses and urge them to respond. The police advise adjusting email settings to mark these messages as spam and not to engage with them.

National Addiction Authority plans , ‘One Stop’ support centre

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National Addiction Authority plans , ‘One Stop’ support centre

The National Addiction Authority in Cyprus is aiming to offer support and shelter to people struggling with addiction and homelessness. The authority’s national strategy between 2021-2028 promotes and supports various harm reduction measures in Cyprus, including treatment programs across the country and prisons. International Harm Reduction Day on May 7 highlights the importance of reducing the risks associated with substance use disorder.

Plans for comprehensive harm reduction centre

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Plans for comprehensive harm reduction centre

The President of the Cyprus Anti-Addiction Authority, Christos Minas, announced the goal of establishing a “one stop” center to provide services for homeless individuals, including supervised consumption rooms and sleeping quarters. The authority aims to expand harm reduction services in Cyprus and support individuals who are not yet ready to stop substance use. Through various measures outlined in the National Strategy 2021-2028, such as substitution therapy programs and distribution of harm reduction kits, the authority promotes harm reduction practices. Minas emphasizes that harm reduction is effective, economically efficient, and will continue to be a focus of the authority to protect all citizens affected by addiction.

India, ’s Modi casts vote as giant election reaches halfway mark

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India, ’s Modi casts vote as giant election reaches halfway mark

Prime Minister Narendra Modi voted early in India’s general election, seeking a third straight term. The election began on April 19 and will be held in seven phases, with nearly one billion people eligible to vote. Modi urged citizens to participate in the “festival of democracy” while taking care of their health due to rising summer temperatures.

House and Senate DFL to battle over progressive tax provisions • Minnesota Reformer

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House and Senate DFL to battle over progressive tax provisions • Minnesota Reformer

Fact: The Minnesota House passed a tax bill that includes requiring large corporations with 0 million or more in gross domestic sales to publicly disclose their tax returns.