Fact: ReflectX 2024 is a startup programme designed for ambitious startups from Seed to Series-A, offering access, connections, and visibility.
– Millions of Americans file their tax returns by April 15 as a civic responsibility
– Giant corporations like Nike and FedEx find ways to pay less in taxes despite earning record profits
– New Jersey is proposing to reverse a corporate tax cut for companies making over million in annual profits
– Many large corporations pay lower tax rates than the average household, with some even avoiding taxes entirely
– Corporations use tax avoidance strategies to hoard wealth for shareholders and executives
– New Jerseyans oppose the expiration of a Corporate Business Tax surcharge on profitable corporations to help pay for NJ Transit
– States need to challenge corporate tax avoidance and invest in core infrastructure
– Corporations prioritize maximizing profits over the public good through tax avoidance
– New Jersey legislators are urged to reinstate the full surtax on profitable mega corporations and close tax loopholes to ensure corporations pay their fair share in taxes.
The federal government is set to unveil its budget on Tuesday, with experts predicting that it will come with more taxes. Finance Minister Chrystia Freeland has vowed to stick within her fiscal guardrails despite increasing spending commitments. Senior vice-president Robert Asselin predicts potential new taxes for large companies, larger corporate taxes, or a wealth tax on rich individuals. The government may also pair tax increases with cuts or deferring other spending. They must be cautious with spending to avoid impacting the Bank of Canada’s potential interest rate cut in June. The budget will be tabled at 4 p.m. ET.
The Republic of Cyprus has decided to suspend the examination of asylum applications from Syrian nationals. This decision is based on a European mechanism activated in cases of increased migratory flows. There are currently 10,000 pending applications, and the suspension will remain in effect until specific regions of Syria are designated as safe. The government intends to exhaust all available time frames before resuming the examination of applications. The return of Syrian migrants who do not receive asylum is challenging due to the situation in Syria. There is no legal basis for excluding a specific nationality from asylum applications, according to the Cyprus Refugee Council coordinator.
Turkey is following an ‘à la carte’ approach to UN Security Council resolutions, rejecting or branding them as obsolete when they do not align with its narrative, according to the Permanent Representative of Cyprus to the UN, Ambassador Maria Michael.
The forestry department currently has a single operational firefighting plane at its disposal.
Turkish Cypriot authorities have requested information from Turkey regarding Cypriots being refused entry to the country. The issue was brought up at the highest level and explanations have been requested. Those on the N-82 list must apply in advance for pre-clearance to enter Turkey. 15 Cypriots have reported being informed that they are on the N-82 or G-82 list.
Fact: Donald Trump became the first former U.S. president to stand criminal trial in a Manhattan court on charges related to a hush-money payment to a porn star.
– A stabbing incident occurred during a church service in a suburb of Sydney, resulting in multiple people being wounded.
– This was the second mass stabbing incident in Sydney in three days, following a knife attack at a mall in the Bondi area.
– The attack took place at Christ The Good Shepherd Church, with the bishop of the church being stabbed multiple times.
– The motive of the attack is unknown, and the wounded individuals are being treated for non-life threatening injuries.
– The bishop, Mar Mari Emmanuel, was ordained a priest in 2009 and a bishop in 2011, and is a popular figure on social media.
Energy Minister George Papanastasiou is currently in Abu Dhabi to participate in the 14th Session of the Assembly of the International Renewable Energy Agency (IRENA) from April 16 to 18, 2024.