Football giants edge closer to own stadium
APOEL Nicosia has entered into a €35 million deal with US-based Cypriot investor Constantine ‘Dinos’ Iordanou to build their own stadium in Kokkinotrimithia.
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Cheers to health?
Fact: Moderate alcohol consumption does not offer the health benefits once believed, as studies have shown that many exaggerate these benefits due to methodological flaws known as selection biases.
Overnight pharmacies for Saturday, 30 March
Fact: Mitsi Magda is located at Pindarou 18 in Nicosia, opposite the DISY building.
Missouri House again votes to cut corporate income taxes
The Missouri House passed a bill to repeal the corporate income tax, gradually reducing the rate from 4% to 0% by 2028. The bill is estimated to reduce state revenues by at least 4 million when fully implemented. Democrats opposed the bill, arguing that corporations should contribute to government operations. The state has a surplus of .4 billion, but revenues are lagging. The bill also restricts corporations from claiming tax credits against corporate tax liability once the rate is cut to zero.
Government of Bermuda to Introduce Corporate Income Tax | JD Supra
Fact: The Government of Bermuda enacted legislation in December 2023 to introduce a corporate income tax regime with a statutory rate of 15% effective for fiscal years beginning on or after 1 January 2025.
President Biden’s Budget Will Raise Taxes and Federal Debt
President Biden has released his fiscal year 2025 budget request, which includes massive tax hikes and harmful healthcare policies. The budget proposal increases taxes by .5 trillion and includes raising the corporate tax rate and implementing a global minimum tax for multinational corporations. The budget also expands on harmful healthcare policies and seeks to restore funding to the IRS. The budget projects that the federal deficit will continue to grow, reaching trillion by 2034. Interest on the debt will exceed defense spending beginning in FY 2025. The President’s budget would hurt taxpayers and the economy, and Congress should reject it in favor of a fiscally responsible budget.
Our View: Auditor-general has turned the Audit Office into its own state
The fact described in the text is that Odysseas Michaelides, the head of the Audit Office, has hired lawyers to fight against government attempts to reform and modernize the audit service.
250 nurses , ‘doing anything but nursing’
Around 250 seconded nurses are being forced to perform other duties in addition to or instead of their own jobs, leaving hospitals short of nurses.
Ministers discuss healthcare cooperation
Health Minister Michael Damianos and Greek Deputy Health Minister Marios Themistocleous discussed upcoming collaborations in transplants between Cyprus and Greece through two agreements. The first agreement involves organ donation in Greece from deceased donors and lung transplants at the Onassis Cardiac Surgery Centre for Cypriot patients, while the second agreement addresses cases of incompatible pairs for kidney transplantation in Cyprus and Greece, facilitating kidney exchanges between the two countries.
Laudable progress in direct taxes but scope for betterment remains
The Indian middle class may be disappointed with the Narendra Modi-led government’s lack of adjustments to tax rates and slabs. Personal tax collections have increased significantly, with the share of personal tax in overall collections rising from 38% to 52% in the last decade. Efforts have been made to improve tax compliance through technology and widening the tax base. Corporate tax collections have not grown as much as personal taxes, indicating room for improvement in the tax system.