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
Strong tax revenues, including another spike in corporate tax receipts, have boosted the Government’s financial position ahead of the budget.Exchequer returns published on Thursday by the Department of Finance show the Government collected €35.2 billion in taxes during the first five months of the year, 6 per cent or €2 billion more than the same … Read more
reuters_tickers This content was published on June 6, 2024 – 17:58 ST PETERSBURG (Reuters) – The prospect of raising Russia’s corporate taxes was criticised by officials at last year’s St Petersburg economic forum as a counterproductive move that would suppress investment. This year, those same officials have changed their tune.The government approved tax hikes last … Read more
But spending is more than keeping pace, up €5bn on the same period last year, according to new Exchequer figures published by the Department of Finance.Most reassuring to the Government will be the bounce-back in corporation tax, an increasingly important source of revenue for the Exchequer. Some €3.6bn was collected in May, up €0.8bn or … Read more
The Chancellor, Jeremy Hunt, has said that a future Conservative Government will not increase any rate of income tax or National Insurance for the duration of the next Parliament. He has confirmed that income tax thresholds will remain frozen until 2028 as already legislated, but that the freeze would not continue beyond this point. One … Read more
Cabinet on Wednesday decided to revoke the Cypriot citizenship of Malaysian-born Jho Low, an internationally wanted fugitive.Though the decision was taken last year, Low filed an appeal prompting an independent committee to re-examine the case. Government sources told the Cyprus Mail the committee decided to reject the appeal, prompting the interior minister to put the … Read more
Fact: You may apply for an EIN online if your principal business is located in the United States or U.S. Territories.
Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.
Prime Minister Rishi Sunak and Labour challenger Keir Starmer debated over how to boost Britain’s economy, with Sunak accusing Labour of wanting to increase taxes if they win power. Sunak claimed that Labour would raise taxes by £2,000, but Starmer called this figure “nonsense.” Starmer criticized the Conservative Party for presiding over economic chaos and opposed Sunak’s plan for mandatory national service. Sunak also discussed tackling immigration by sending illegal asylum seekers to Rwanda, while Starmer said he had a plan to address immigration concerns. An opinion poll after the debate suggested that Sunak had won.
President Nikos Christodoulides has been briefed about the meeting of the UN secretary general with his personal envoy. The Turkish Minister of Defence, Yasar Guler, made a provocative statement regarding the Turkish troops’ “peace operation” in Cyprus. The Greek Cypriot side is steadfast in requesting the resumption of talks, despite indications that negotiations may not be positive. The UNSG will also meet with Greek Foreign Minister George Gerapetritis to convey specific messages on behalf of the Republic. Turkish Cypriot leader Ersin Tatar claimed that peace prevailed on the island in 1974 and that the Turkish Cypriots made significant gains. Turkish Cypriot MPs participated in discussions at the Parliamentary Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.