petition

Our View: No state official should stay in their post until retirement

by
Our View: No state official should stay in their post until retirement

The permanence of appointments to certain positions such as auditor-general, attorney-general, and deputy attorney-general in Cyprus is being questioned. The idea of permanence was to safeguard independence and objectivity, but it could lead to complacency and lack of motivation. It is suggested that non-renewable contracts with an eight-year term would be more suitable to prevent long-term stays in these positions. The constitution may need to be amended to allow for fixed-term contracts instead of permanent appointments.

Industry Insiders May Face Tax Bills as California Reportedly Tightens Payroll Rules on Loan Out Corporations

by
Industry Insiders May Face Tax Bills as California Reportedly Tightens Payroll Rules on Loan Out Corporations

The state of California is implementing policy changes that will impact Hollywood’s creative community who use loan out corporations to manage their business affairs. This change will require Hollywood employers to pay creative talent wages as individuals rather than as fees owed to a business entity. This will result in full income tax withholding and payment of employee and employer taxes on all income earned by the owners of loan-out companies. The change is in line with California’s labor-friendly policy agenda under Governor Gavin Newsom.

EPIC tax backers say petition effort cleared 38-county hurdle

by

State Sen. Steve Erdman of Bayard is leading an effort to replace Nebraska’s income, property, and corporate taxes with a broader sales or consumption tax called the EPIC Option.

A lever to capture corporate tax scofflaws

by
A lever to capture corporate tax scofflaws

Fact: The global minimum tax mandates large multinational enterprises to pay a minimum tax rate of 15% in each country where they operate.

EPIC tax backers say petition effort cleared 38-county hurdle • Nebraska Examiner

by
EPIC tax backers say petition effort cleared 38-county hurdle • Nebraska Examiner

Supporters of the EPIC consumption tax in Nebraska have gathered signatures from 5% of registered voters in 38 counties, aiming to replace income, property, and corporate taxes with a broader sales tax. They need a total of 123,000 signatures by July 3 to place the issue on the fall ballot. Governor Jim Pillen opposes the EPIC tax, calling it unworkable and advocating for a balanced approach to property tax relief. Former State Sen. Brett Lindstrom and others criticize the EPIC tax for potentially increasing sales taxes on various items and eliminating local control. Supporters argue that drastic changes are needed in the state’s tax system and believe the EPIC tax is the only solution that prioritizes taxpayers.

What happens after ICC prosecutor seeks warrants in Israel-Gaza conflict?

by
What happens after ICC prosecutor seeks warrants in Israel-Gaza conflict?

The International Criminal Court prosecutor’s office has requested arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his defence chief, as well as three Hamas leaders, for alleged war crimes and crimes against humanity. The request will be reviewed by a pre-trial chamber composed of three magistrates, who will decide whether to issue the arrest warrants. If issued, the individuals could be arrested if they travel to an ICC signatory state, but the court itself has no means to enforce an arrest. The application for warrants may indirectly influence other court cases and legal challenges related to Gaza.

Young Cypriots have no trust in political system

by
Young Cypriots have no trust in political system

– Most young Cypriots who will not vote in the upcoming European elections say they have no trust in the political system.
– Cyprus has the lowest number of youths active in initiatives aimed at changing society, at 31 per cent.
– The proportion of respondents mentioning distrust in the political system in general as a reason for not voting is the highest in Cyprus (28 per cent).
– Not liking any political party or candidate is a reason for not voting for 24 per cent of respondents in Cyprus.
– 53 per cent of young people in Cyprus said they intended to vote.
– A large majority reported that the education system in their countries prepared them well for the challenges they face.
– 64 per cent of young Cypriots believe that the EU has an impact on their daily lives.

Major GST relief for holding companies in corporate guarantees case

by
Major GST relief for holding companies in corporate guarantees case

The Punjab & Haryana high court has stayed a circular that brought corporate guarantees under the ambit of GST, providing relief to holding companies in India.

Russia-US judicial thriller in Cyprus

by
Russia-US judicial thriller in Cyprus

A legal battle over the extradition of businessman Artur Petrov, who is accused by the US of supplying microelectronic components for Russia’s military invasion of Ukraine, has been ongoing in Cyprus since last August. The Court of Appeal recently overturned a decision blocking his extradition, leading to a potential appeal to the Supreme Court. This case has political dimensions and international implications, with Russian news agency TASS closely following the developments.

US fund loses four-year tax battle from Java House sale

by
US fund loses four-year tax battle from Java House sale

The Kenya Revenue Authority (KRA) has issued a tax claim of Sh773.8 million to Emerging Capital Partners Kenya (ECP Kenya) for the 2017 sale of Java House.