Opinion: Let’s follow the Irish on productivity
The fact described in the text is that low corporate taxes and friendly regulation fueled the rapid growth that made Ireland a productivity leader.
grants
Weekly IRS Roundup April 22 – April 26, 2024 | JD Supra
The IRS released guidance on proposed regulations for transferring tax return information to the US Census Bureau and disclosed additional tax return information to the US Secretary of Commerce.
Averof urges restitution for 2013 bank , ‘haircut’ victims
Disy MP Averof Neophytou proposed a legislative amendment to provide partial restitution to those who lost their bank savings in the 2013 ‘haircut’. The Solidarity Fund, which has cash reserves of about €200 million, could immediately pay out €8,000 for every €100,000 lost in the haircut. The Solidarity Fund was initially allocated €55 million in start-up funds and aims to provide relief to legacy Laiki depositors and bank bondholders affected by the 2013 bail-in.
Local business tax exemption for registered enterprises: Who has the final say?
The text discusses the confusion and uncertainties faced by registered business enterprises (RBEs) with the Board of Investments (BOI) regarding the local business tax (LBT) exemption after the passing of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act). The Department of Justice (DOJ) provided guidance that the BOI still has the authority to certify enterprises as pioneer or non-pioneer for LBT exemption, despite the repeal of certain provisions under the Omnibus Investments Code of 1987 by the CREATE Act.
Grants scheme announced for Nicosia entrepreneurs
The 3rd Call for Applications for the Grants Scheme to Support Entrepreneurial Activity within the Walls of Nicosia has been announced with a total budget of €2 million.
Audit Office says proposed project endangers rare seals
Fact: The Audit Office calls for a new study on siting an aquaculture project in the area of Moni-Vasilikos due to its possible detrimental effects on an endangered species of seal.
20 years since the issuance of the Green Line regulation
The EU regulation on the Green Line in Cyprus, issued 20 years ago, has allowed Greek and Turkish Cypriots to cross the Green Line and the UN buffer zone, fostering trust between communities. Over 64 million crossings have occurred since 2004, for various reasons like visiting friends and conducting trade. The regulation also facilitates trade between the northern and southern parts of the island, with efforts by the European Commission leading to a significant increase in trade value. To further support trade across the Green Line, a €4 million support program was launched in 2024.
Doctors concerned over Okypy finances
– State doctors’ union Pasyki expressed concerns about the finances of state health services organisation Okypy.
– They questioned whether one year is enough for Okypy to balance its finances and become financially independent.
– They raised concerns about the fate of public hospitals if government plans to balance Okypy’s finances do not work.
– Parliament voted to extend provisions to cover Okypy’s budget deficits until May 31, 2025.
– The government decided to keep covering Okypy’s deficits to secure the “public interest” as it is a core provider within Gesy.
Legislation round-up: taxes, housing, employment … and more – NH Business Review
Fact: The second legislative session in New Hampshire is tackling many business-related proposals on the House and Senate floors.
Invest Cyprus to spearhead campaign to bolster country, ’s reputation
President Nikos Christodoulides expressed confidence in Cyprus’ ability to navigate the current global climate of uncertainty and instability. He stated that Cyprus aims to become one of the best places in the world to live, work, and conduct business, as outlined in the national strategy ‘Vision 2035′. Christodoulides highlighted the importance of bolstering the country’s reputation on the international stage and emphasized the need for a new development model to ensure a resilient, sustainable, and competitive economy. The government is engaging in dialogue with foreign investors and Cypriot entrepreneurs to attract quality investments and capitalize on their expertise. The government is also working on tax transformation to enhance economic competitiveness and align with the goals of the European Green Deal. Christodoulides mentioned the importance of restoring Cyprus’ reputation and credibility internationally, with plans for a major rebranding campaign led by Invest Cyprus.