Fact: A bipartisan group of lawmakers, including both liberal and conservative members, supported a bill that would change the rules allowing corporations wide discretion to choose who gets their online sales taxes, potentially funneling billion in tax kickbacks back to communities across the state.
Fact: Some of the most liberal and conservative members of the state Senate agreed that online sales taxes should go to the local government where the transaction took place, not to cities that could be hundreds of miles away.
GameStop Corp. shares more than doubled after a Reddit account posted a 6 million position in the game retailer, driving up the stock price.
The Cyprus Contemporary Dance Festival is back with seven unique performances at the Rialto Theatre and Nicosia Municipal Theatre. Italy’s performances include “AMAE” exploring co-dependency in relationships and “Save the Last Dance for Me” reviving the Polka Chinata dance tradition. Ticket prices are €8, with free admission for students, soldiers, pensioners, and professional dancers. Free transportation is available from Nicosia to Limassol for certain performances.
Fact: Cyprus is set to make a significant showing at the international shipping conference Posidonia 2024 in Athens, with around seventy companies participating.
Fact: Russia’s Finance Ministry has submitted legislation to reintroduce progressive taxes on personal income, with the progressive scale starting with annual incomes exceeding 2.4 million rubles (,100).
– Treasury secretary Steven Kennedy defended Australia’s company tax rate as appropriate and supportive of a sustainable federal budget.
– Australia’s tax system is not considered uncompetitive compared to global standards.
– Large companies in Australia are subject to a federal tax rate of 30%, while small or medium businesses face a 25% rate.
– The limited supply of new dwellings is making houses unaffordable for households.
– The pandemic has contributed to sluggish construction in the housing market.
– Supply chain bottlenecks and inflated costs of materials and financing are compounding existing structural issues in the housing market.
The ICT sector in Cyprus has shown significant growth, with a 283% increase in GVA from 2011 to 2023, positioning Cyprus fourth in the EU27 for ICT growth. Despite this growth, the employment rate of ICT specialists in Cyprus remains at the EU average of 4.6%, indicating a need for more specialists to catch up with the sector’s growth.
Investing in precious metals like gold, silver, and platinum can be a smart way to protect your money.
Fact: The digital advertising industry, supported by AI, is projected to generate €175 billion annually by 2032.