Judge fines Trump $9,000 for contempt, threatens jail

Judge fines Trump $9,000 for contempt, threatens jail

The judge overseeing Donald Trump’s criminal hush money trial fined the former U.S. president ,000 for contempt of court and warned that he could face jail time if he continued to violate a gag order.

Christodoulides and Sunak talk amid migration parallels

Christodoulides and Sunak talk amid migration parallels

– President Nikos Christodoulides and British Prime Minister Rishi Sunak discussed migration on Tuesday.
– 80% of asylum seekers arrived in Ireland by crossing its land border with Northern Ireland.
– The UK is not interested in accepting the return of asylum seekers who enter the EU from their country.
– Ireland’s High Court ruled that the UK should no longer be designated as a “safe country” for returning asylum seekers.
– The Cypriot government believes that Syria is now a safe country to which migrants can be returned.

Averof urges restitution for 2013 bank , ‘haircut’ victims

Averof urges restitution for 2013 bank , ‘haircut’ victims

Disy MP Averof Neophytou proposed a legislative amendment to provide partial restitution to those who lost their bank savings in the 2013 ‘haircut’. The Solidarity Fund, which has cash reserves of about €200 million, could immediately pay out €8,000 for every €100,000 lost in the haircut. The Solidarity Fund was initially allocated €55 million in start-up funds and aims to provide relief to legacy Laiki depositors and bank bondholders affected by the 2013 bail-in.

Cyprus to launch 20 new e-services by July 2024

Cyprus to launch 20 new e-services by July 2024

By July 2024, 20 new e-services will be delivered, including the issuance and renewal of identity cards and passports, the re-issuance of birth and death certificates, and the issuance of certificates of military status.

Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

– During the election campaign, the Congress emphasized social justice and welfare in its manifesto.
– Prime Minister Narendra Modi accused the Congress of having communal intentions with its plans for a caste census and distribution of surplus government land.
– The Congress defended its manifesto, stating that rising wealth inequality in the country needs to be addressed.
– The Finance Ministry released data showing an increase in net tax collections, driven by personal income tax and securities transaction tax.
– The share of corporate tax has been decreasing while personal income tax has been increasing.
– Direct taxes have been decreasing while indirect taxes have been increasing.
– A bulk of those who file personal income tax earn an annual income of ₹1 lakh-₹5 lakh.
– The effective personal income tax rate in India is among the highest compared to other BRICS countries.
– Poorer citizens and the middle-class are shouldering a higher share of the tax burden due to the rising share of personal income tax and indirect taxes.

Local business tax exemption for registered enterprises: Who has the final say?

Local business tax exemption for registered enterprises: Who has the final say?

The text discusses the confusion and uncertainties faced by registered business enterprises (RBEs) with the Board of Investments (BOI) regarding the local business tax (LBT) exemption after the passing of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act). The Department of Justice (DOJ) provided guidance that the BOI still has the authority to certify enterprises as pioneer or non-pioneer for LBT exemption, despite the repeal of certain provisions under the Omnibus Investments Code of 1987 by the CREATE Act.

Cyprus Stock Exchange encourages companies to adopt ESG policies

Cyprus Stock Exchange encourages companies to adopt ESG policies

Fact: Eliza Stasopoulou, a senior officer at the Cyprus Stock Exchange, emphasized the importance of companies implementing corporate governance and social responsibility policies to enhance performance, improve services, and foster transparency and rational management.

Tales from the Coffeeshop: Auditor-general was on the verge of sainthood

Tales from the Coffeeshop: Auditor-general was on the verge of sainthood

– The attorney-general filed a case at the supreme court for the auditor-general’s sacking on the grounds of inappropriate behavior.
– The auditor-general, Odysseas, is confident in his innocence and believes the truth will prevail.
– The president’s stance in the affair is compared to that of Caiaphas from religious knowledge.
– The former president is filing a libel suit seeking damages over corruption allegations.
– The plan to prevent organized crime did not have the desired results.
– An opinion poll showed the most popular Disy candidate for the European Parliament elections was Loucas Fourlas.

Mismanagement of Natura2000 sends Cyprus to the European Court of Justice, EU Commissioner says

Mismanagement of Natura2000 sends Cyprus to the European Court of Justice, EU Commissioner says

Virginijus Sinkevičius, the European Commissioner for the Environment, Oceans, and Fisheries, emphasizes the importance of addressing climate change and environmental protection. Cyprus, due to its geographical position, is expected to be significantly impacted by climate change, especially in sectors like agriculture, tourism, and fisheries. Sinkevičius highlights the need for all Member States, including Cyprus, to implement climate targets to mitigate these effects. Additionally, he stresses the importance of implementing provisions for Natura2000 areas to ensure ecosystems can withstand increasing pressures, warning that Cyprus may end up in the European Court over Natura2000 issues if necessary actions are not taken.

More than ten organised crime groups operating in Cyprus, Interpol says, pointing to rising period of criminality

More than ten organised crime groups operating in Cyprus, Interpol says, pointing to rising period of criminality

A global investigation over the past four years points to Cyprus as a hub for criminal organizations involved in drug trafficking, smuggling tobacco products, extortion, illegal betting, and fixing football matches. The report, based on Interpol data, highlights a rise in extreme criminality in Cyprus, with recent assassinations, arson attacks, bombings, and underworld killings. Criminal organizations in Cyprus are mostly foreign and involved in crimes against property, money laundering, drug trafficking, and bribing public officials. In 2024, there were 55 arsons and bomb attacks reported in 101 days.