Buses for special needs passengers delivered
Fact: Eight small buses equipped with passenger seats and wheelchair spaces were delivered to special schools and welfare services in Cyprus.
policy
Should corporate taxes be lower in Australia? – ABC listen
Federal Minister for Industry and Science, Ed Husic, has suggested that Labor may consider providing a tax cut to corporations in order to free up investment capital for the Future Made in Australia Act. Kristen Sobeck, a Research Fellow at the Tax and Transfer Policy Institute, Crawford School of Public Policy, discusses whether this potential tax cut would lead to higher investment in Australian businesses.
Husic’s corporate tax call revives Hawke-Keating Labor spirit
The Australian Financial Review AI Summit had a sold-out audience, showing business and investor interest in AI technology. Labor’s Industry Minister, Ed Husic, advocated for lower company taxes to support investment in AI technologies.
Trump’s new ‘deal’ could save Big Oil $110 billion in taxes
Donald Trump allegedly offered Big Oil executives 0 billion in tax breaks if they donated billion to his campaign. Congressional Democrats are investigating this potential quid pro quo deal. Joe Biden plans to eliminate these tax breaks for the oil and gas industry if elected. The fossil fuel industry is lobbying to maintain these tax breaks, which are set to expire next year. Some attendees at Trump’s fundraising dinner at Mar-a-Lago included executives of smaller oil companies focused on fracking and gas exporting. The event was also attended by individuals with controversial backgrounds in the oil and gas industry.
🔒 Why Biden is the best president that business could hope for
Fact: No Democratic president since at least Grover Cleveland in the late 19th century has been beloved by American business.
Corporate tax not rising for compliant listed companies
Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year, with some changes in parlance that could affect the availing of lower tax rates. The base rate may see a rise for publicly listed companies, but compliance with cashless transactions could bring it back down to existing rates. Listed companies with free float up to 10% and above with cashless transactions would have tax rates of 20% and 22.5%. Noncompliance with the cashless transaction limit would result in higher tax rates. The government may also impose capital-gain taxes on individual investors for the first time if profits exceed Tk 4.0 million. The tax gap between listed and non-listed companies may be reduced by cutting corporate tax rates for non-listed companies by 2.5%. Capital-market experts believe that higher taxes and reducing the tax gap between listed and non-listed companies could discourage companies from entering the capital market. The government should focus on simplifying investment procedures rather than increasing taxes on the capital market.
No state scholarships for those avoiding conscription
Males who have not completed their military service or who have secured an army deferment for reasons other than their college studies may not apply for a state scholarship.
Euro steadies as markets eye Eurozone, US inflation data
The EURUSD pair is trading around 1.0850 in a tight range. ECB policymakers are hesitant to commit to further rate cuts beyond June due to concerns about reviving price pressures. Traders have lowered expectations of three rate cuts to two this year. Higher wage growth is leading to increased consumer spending and inflationary pressures. Germany’s Ifo Business Climate data for May missed estimates, with the Business Climate Index, Current Economic Assessment Index, and Expectations Index all falling short of expectations.
Guilty victims, innocent victimisers
The Israeli government is accused of pursuing a policy of ethnic cleansing to achieve maximum land with minimum Arabs, leading to a modern-day genocide. The propaganda machine distorts slogans to justify actions, while those advocating for peace and an end to slaughter are labeled as terrorist sympathizers.
Three bids submitted for traffic management system
The Public Works Department has received three bids for a €7 million project to install and operate a traffic management system in Nicosia and Limassol. The system aims to reduce journey times in urban areas by coordinating traffic signals and gathering data from sensors installed at key points of the road network.