The Central government is likely to announce India’s adoption of “Pillar-2” tax regime anchored by the Organisation for Economic Cooperation and Development (OECD) in the coming Budget, as part of the country’s efforts to support and benefit from the global system combating tax avoidance.The Finance Bill, 2024, passed after the interim Budget presentation, will be … Read more
Following are some of the major events to have occurred on June 14: 1777: The Second Continental Congress adopts the Stars and Stripes as the official flag of the United States, a symbol that would go on to represent the nation worldwide and become an iconic emblem. 1801: Martha Washington hosts the first Quadrille Ball … Read more
While more strategic tax leaders are most concerned that the 2024 election will result in changes to certain Inflation Reduction Act renewable energy credits, tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey from top six accounting firm BDO USA. BDO’s 2024 Tax Strategist Survey, which was released … Read more
Before the first full week of June ends, an artistic event will take place in Limassol exhibiting the work of several local creatives. Ιn the framework Radical Afterlives: The Cyprus Movements Archive Project, the resident artists Belinda Papavasiliou, Emily Demetriou and x.ypno present their works at Vinegar Factory this month. The works were already presented … Read more
Carlos Alcaraz defeated Stefanos Tsitsipas in the French Open quarter-finals, setting up a semi-final match with Jannik Sinner.
Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.
Deputy Culture Minister Vasiliki Kassianidou emphasized the ministry’s commitment to supporting all forms of art and professionals in their fields during the presentation of the book ‘Aspelia Naturalis’ by Silvio Augusto Rusmigo. The event took place at the Cyprus Museum in Nicosia.
Sihame Denguir enrolled her teenage son and daughter in France’s largest Muslim private school, Averroes, in Lille, which lost government funding due to not complying with secular principles.
Aircraft shortages have allowed airlines like Frontier Airlines and Wizz Air to sell new planes to leasing companies at higher prices than they paid, resulting in gains of hundreds of millions of dollars. The tight airliner market has made sale-and-leaseback transactions more attractive, with US airlines accounting for a larger share of these deals. New aircraft prices are 20% higher than pre-pandemic levels, leading to soaring lease rates. Airlines are spending 30% more on aircraft leases than before the pandemic.
Portugal turned a 2-1 deficit into a dramatic 3-2 victory over Serbia in the Uefa under 17 championship final.