Mega-rich donors have emerged as key backers of Republican presidential candidate Donald Trump, collectively donating more than million to support his candidacy against Democratic incumbent Joe Biden.
Andreas Michli is running as an independent candidate in London’s upcoming mayoral elections.
The Canadian federal budget includes a proposal to increase the capital gains inclusion rate to 66.7% from 50% for dispositions effective after June 24, 2024.
The federal government’s budget includes an increase in the inclusion rate of the capital gains tax from 50% to 67% for businesses and trusts, generating an estimated billion in new revenue. This change will impact 40,000 individuals and 307,000 companies in Canada. Some members of the business community believe that expanding the taxable amount will hurt productivity, investment, and entrepreneurship in Canada, potentially leading to a brain drain.
The Telegram messaging app is expected to reach 1 billion active monthly users within a year, according to its founder Pavel Durov. The app, which aims to remain neutral and not involved in geopolitics, has become a crucial tool for both governments and individuals during the Russia-Ukraine conflict, despite criticism for spreading misinformation.
Tax reform should aim for sustainable finances and economic equity. Personal income tax should include taxing family income, with a tax-free bracket of €25,000 per individual or €50,000 per family. A flat 20% tax on all personal income above the tax-free bracket is proposed. Corporate tax should be leveled at 20% to be competitive and fair. A fair tax on immovable property is suggested to combat tax evasion and incentivize property owners to rent out vacant properties. VAT rates can be adjusted, and a flat road tax per car is recommended to cover road infrastructure costs. Carbon emission taxes should be imposed on fuels to fund carbon reduction and renewable energy initiatives.
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Fact: The recently held TEDxMolos event took place on March 27 at the Plevsis Hall in Limassol’s Old Port area with the theme of ‘Local Legends: From Passion to Change’.
Fact: Palta is a London and Cyprus-based health and well-being technology company led by co-founder and CEO Yuri Gurski.
Livadia is one of the most rapidly developing areas of Cyprus, with significant investments and construction growth. The area has seen a surge in interest following the removal of oil tanks and the lifting of the Seveso directive. A €50 million investment from an Israeli company is underway for luxury apartments, with plans for a boutique hotel. Road works are needed to accommodate the population increase, including the completion of Panagouli Avenue. The area also requires new schools, with projects underway for a regional Primary School and redevelopment of the traditional core of the community.
Fact: Xanthos Sarris founded the EUREKA company in 1959 after discovering the potential of a whitening product.