Oregon Initiative Petition 17 (IP17), also known as the People’s Rebate, appears on track to qualify for the November 2024 ballot. As of June 14, the measure’s proponents have submitted over 135,000 signatures, well above the 117,173 needed to qualify. If passed, IP17 would significantly increase Oregon’s Corporate Minimum Tax for corporations with annual Oregon … Read more
Labour could have stealth plans to raise Capital Gains Tax (CGT), the CEO of a leading independent financial advisory and fintech warned, after Labour soared ahead in polls, positioning Sir Keir Starmer’s party for a landslide victory on July 4. This means analysts are ramping up scrutiny on how it is to fund its ambitious … Read more
OPINION ANALYSIS By Amy Howe on Jun 20, 2024 at 1:58 pm The court issued four opinions on Thursday. (Katie Barlow) The Supreme Court on Thursday upheld a provision of a 2017 corporate tax reform law, known as the mandatory repatriation tax, that taxes the undistributed profits from U.S. shares of foreign corporations in which … 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
The Commissioner for Administration, Maria Stylianou-Lottides, has ignited a firestorm within the Asylum Service after a scathing report revealed significant delays in processing international protection applications from Syrian refugees. The report, prompted by a surge of complaints from frustrated applicants, exposes a bureaucratic nightmare with some Syrians waiting two to five years for a decision … Read more
Tax Policy The differences in proposed tax policy between the presumptive presidential candidates, at this point, in the two main parties — President Joe Biden and former President Donald Trump — are vast, according to Garrett Watson, senior policy analyst with Tax Foundation, a nonpartisan tax policy think tank. “The differences between what (the candidates) … Read more
Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) won 240 seats in the general election, falling 32 seats short of an outright majority. The weakened majority could pose challenges for the government’s reform agenda, but policy continuity is expected to persist. Modi’s alliance won 293 seats, enough to form a government, but he may have to depend on regional parties for support. Despite a reduced victory margin for Modi in his own seat, necessary reforms are still feasible. The opposition INDIA alliance, led by Rahul Gandhi’s Congress party, won 230 seats and is expected to discuss a future course of action.
Engaging voters in thinking through the difficult questions of the Cyprus problem could break the current deadlock and bring political leaders back to the negotiating table, according to a workshop organized by the Cyprus Peace and Dialogue Centre. The event focused on a “deliberative democracy” approach to update the peace process, with the goal of gaining public support for a sustainable solution. Panelists discussed options for assemblies, including citizen, elected, and constitutional assemblies, as well as the importance of starting with small “safe spaces” before moving on to larger assemblies. Despite the deadlock, only 20% of voters completely reject the idea of a bizonal bicommunal federation, indicating that engaging citizens could potentially help break the impasse.
Claudia Sheinbaum is set to win a landslide victory to become Mexico’s first female president, with provisional results showing her leading with 59% of the vote.
Greek Foreign Minister George Gerapetritis will be in New York to discuss Greece’s participation in the UN Security Council and meet with counterparts from other countries also running for non-permanent member state seats. Greece is seeking its third membership in the security council for the period 2025-2026.