investment

Here’s what the economy could look like with a Biden or Trump presidency

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Here's what the economy could look like with a Biden or Trump presidency

The text discusses the potential impact of a Biden or Trump presidency on the US economy. The analysis covers eight major economic categories, including domestic manufacturing, higher education, healthcare, housing, labor, taxes, tariffs, and trade. Biden and Trump have different plans and approaches to these economic categories based on their past records as president and their campaign promises. Biden focuses on issues like lowering prescription drug costs, investing in the future, supporting workers and small businesses, and ensuring fair taxation. Trump, on the other hand, has proposed plans such as protecting American car manufacturers, imposing tariffs on foreign-made cars, and focusing on fossil fuels. The text also highlights the differences in their views on student loan debt, healthcare, housing costs, labor unions, taxes, tariffs, and trade policies.

Are Billionaire Taxes Falling? That Depends On Who You Think Pays Corporate Taxes

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Are Billionaire Taxes Falling? That Depends On Who You Think Pays Corporate Taxes

Fact: Berkeley economist Gabriel Zucman calculated that the highest-income Americans pay only about 23% of their income in taxes, resulting in billionaires having a lower effective tax rate than working-class Americans for the first time in US history.

Demetriades remains as head of association of large investment projects

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Demetriades remains as head of association of large investment projects

Fact: Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects.

Tax Reform Offsets Shouldn’t Offset Economic Growth

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Tax Reform Offsets Shouldn’t Offset Economic Growth

The text discusses the importance of prioritizing permanence for pro-growth tax reforms and avoiding economically harmful payfors. It mentions that raising the corporate income tax rate is not a recommended option for fiscally responsible and pro-growth tax reform.

Canada just started the largest tax increase you’ve never heard of – The Hub

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Canada just started the largest tax increase you’ve never heard of - The Hub

The federal budget focused on increasing capital gains taxes to address generational fairness, but there are other tax changes coming that have been overlooked. One significant change is the increase in taxes on new business investment throughout the Canadian economy, which will lower investment and productivity. The temporary tax changes implemented in 2018 to allow faster write-offs for new investments are being phased out, leading to an increase in the effective tax rate on new investment in Canada. This will result in smaller investment returns and less capital for Canadian workers and businesses, ultimately lowering productivity growth. To boost productivity, it is suggested that governments should consider enlarging tax incentives for business investment rather than reversing the 2018 tax changes.

EU excess profit tax could generate over €100 billion per year, study finds

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EU excess profit tax could generate over €100 billion per year, study finds

Fact: A permanent tax on European companies’ excess profits could generate more than €100 billion per year, or over half of the EU’s annual budget.

New platform in the works to monitor hospital infections

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New platform in the works to monitor hospital infections

The government plans to launch an electronic platform to monitor healthcare-associated infections. The current methods of monitoring infections in Cyprus are not thorough enough, and the new platform will help hospitals carry out surveillance electronically so the data can be monitored by the health ministry. Cyprus has the highest rate of healthcare-associated infections in the EU and EEA, as well as the highest rate of antimicrobial use.

Increase to capital gains inclusion rate has led some business owners to re-evaluate their plans

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Increase to capital gains inclusion rate has led some business owners to re-evaluate their plans

The change to the capital gains inclusion rate has created distress among those approaching retirement, particularly business owners, who now face a much higher tax bill than they had planned.

Jury may be chosen soon for US Senator Menendez, ’s corruption trial

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Jury may be chosen soon for US Senator Menendez, ’s corruption trial

Jurors could be seated as soon as Wednesday to determine whether Democratic U.S. Senator Robert Menendez of New Jersey broke the law in a bribery scheme involving Egypt’s and Qatar’s governments.