AMD unveiled a new series of semiconductors for AI-enabled business laptops and desktops. These chips will be available in platforms from HP and Lenovo starting in the second quarter of 2024.
House of Representatives President Annita Demetriou warned about forthcoming challenges in local governance during her address at the 2nd Cyprus Forum Cities event. Deputy Minister Nikodemos Damianou outlined the Cyprus government’s plans for smart city development, including the Smart Cyprus initiative. Deputy Minister Irene Piki emphasized the critical role of cities in improving citizens’ quality of life.
Pep Guardiola is uncertain whether Erling Haaland will feature in Saturday’s FA Cup semi-final against Chelsea after suffering a muscle injury during the Champions League quarter-final.
– The 2023 budget proposed a refundable ITC for clean electricity, equal to 15% of the capital cost of eligible property.
– The 2024 budget provides the design and implementation details of the ITC, including the eligibility criteria.
– The ITC will be available only to eligible Canadian corporations, including taxable Canadian corporations, provincial and territorial Crown corporations, and corporations owned by municipalities or Indigenous communities.
– Property eligible for the ITC includes equipment used to generate electricity from various sources, including solar, wind, water, nuclear fission, geothermal energy, and specified waste materials.
– The ITC will be subject to potential repayment obligations if the property is converted to an ineligible use, exported from Canada, or disposed of.
– The EV Supply Chain Investment Tax Credit is equal to 10% of the cost of buildings used in electric vehicle supply chain segments.
– The Clean Technology Manufacturing Investment Tax Credit has been updated to include production of qualifying minerals at polymetallic projects.
– An accelerated CCA of 10% is provided for new eligible purpose-built rental projects that begin construction after April 15, 2024.
– Immediate expensing is provided for certain productivity-enhancing assets acquired after April 15, 2024.
– The budget proposes to extend an exemption for certain interest and financing expenses relating to arm’s length financing used to build or acquire purpose-built rental housing.
– The government is considering introducing a new tax on residentially zoned vacant land to spur development.
– The government intends to restrict the acquisition of existing single-family homes by very large corporate investors.
– The government is exploring measures to expand access to alternative financing products for home purchasers, such as halal mortgages.
– Amendments are proposed to the CRA’s information gathering provisions to enhance tax audits and facilitate the collection of tax revenues.
– The budget proposes to remove the tax-indifferent investor exception to the anti-avoidance rule for synthetic equity arrangements.
– Specific amendments are proposed to preclude a corporation from qualifying as a mutual fund corporation if it is controlled by or for the benefit of a corporate group.
– The budget introduces the Canada Carbon Rebate for Small Business, to return a portion of the federal backstop pollution pricing fuel charge proceeds collected from a province to CCPCs with less than 500 employees.
– The budget proposes measures to address tax debt avoidance planning, including joint and several liability for taxpayers who participate in such planning.
– The budget proposes to remove the failure to file an information return in respect of a reportable or notifiable transaction under the mandatory disclosure rules from the general penalty provision.
– The budget proposes to repeal the exception to the debt forgiveness rules for bankrupt corporations and the loss restriction rule applicable to bankrupt corporations.
– The government launched consultations on the existing SR&ED tax incentives and announces a second phase of consultations to focus on specific policy parameters.
Pierre Curie was killed in Paris, Prince Rainier of Monaco married Grace Kelly, Konrad Adenauer died, FBI siege on Branch Davidian building in Waco ends with fire, car bomb in Oklahoma City killed 168 people, Bosnian Serb general’s conviction reduced, Norris McWhirter died, Joseph Ratzinger elected Pope Benedict XVI, Scott Crossfield died in a plane crash, Tamerlan Tsarneav killed by police in Boston Marathon bombing, student killed at opposition demonstration in Caracas.
The US Treasury’s cash balance surged by 2 billion to 7 billion on Monday, the highest since May 2022. Treasury collected roughly .5 billion in corporate taxes, .6 billion in non-withheld individual electronic payments, and .66 billion in non-withheld individual “other” payments. Treasury has collected approximately 0 billion in tax-related income this month.
The disbursement of state grants to hospitals in Cyprus, both public and private, will begin in June for those undergoing or starting the accreditation process. The Government has approved a Grant Provision Plan for Private and Public Hospitals focused on Accreditation, aiming to improve health services through the implementation of standards. The plan, costing €2.5 million and covered by the Recovery and Resilience Plan, will benefit 51 hospitals, with grants distribution starting in June. Accreditation is also a key quality criterion for determining compensation in the General Health System.
Fact: The Greek economy is forecast to grow nearly 3 per cent this year, approaching its pre-crisis size of 2009 and far outpacing the eurozone average of 0.8 per cent.
British house prices fell by 0.2 per cent on an annual basis in February, the smallest decrease in eight months, according to the Office for National Statistics.
Dubai International Airport is experiencing significant disruption due to bad weather, leading to delayed or diverted flights and operational challenges for Emirates airline.