income

Biden is turning the American dream of retirement into a nightmare

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Biden is turning the American dream of retirement into a nightmare

President Biden is proposing a tax hike on savings, including a 45% tax on capital gains, which would negatively impact retirement savings for millions of Americans. Biden’s proposed tax increases on investment are driven by the government’s addiction to spending, with a proposed federal budget of .3 trillion and .9 trillion in future tax hikes. These taxes will result in lower spending and reduced savings for families, affecting their ability to save for retirement. Biden’s policies are seen as detrimental to individuals and the economy, as they will hinder investment and economic growth.

MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit

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MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit

Michael Saylor did not pay any income taxes to Washington despite living there from 2005 through 2020.

Housing policy and strengthening of the HFC

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Housing policy and strengthening of the HFC

The Housing Finance Corporation has lost its social character due to understaffing, leading to delays in loan processing that frustrate potential borrowers. This issue was highlighted in a recent report, emphasizing the urgent need to address housing as a social issue. AKEL and SEK are calling for the government to strengthen the HFC and implement measures to help middle and lower-income households acquire housing. The state must provide immediate solutions to address the critical housing problem faced by citizens, especially the youth.

The fine print of Russia’s proposed tax hikes on personal income and corporate profits — Meduza

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The fine print of Russia’s proposed tax hikes on personal income and corporate profits — Meduza

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 boss ‘quite comfortable’ with company tax rate – Michael West

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Treasury boss 'quite comfortable' with company tax rate - Michael West

– 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.

Holiday subsidy scheme launched

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Holiday subsidy scheme launched

The Ministry of Labour and Social Insurance has launched a “Holiday Subsidy Scheme for Low-Income Pensioners in mountain region resorts and Pyrgos Tyllirias.” The plan offers fully subsidized accommodation with full board for low-income pensioners at selected resorts during specific dates. Eligible beneficiaries include recipients of the Low-Income Pensioners Support Scheme, Minimum Guaranteed Income recipients, and pensioners with specific income thresholds. Applications can be submitted starting June 3, 2024, until funds are exhausted.

Muslim schools caught up in France, ’s fight against Islamism

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Sihame Denguir enrolled her teenage son and daughter in France’s largest Muslim private school, Averroes, in Lille, which lost government funding due to not complying with secular principles.

Betting, gaming players warn against more taxes

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Betting, gaming players warn against more taxes

The proposed value-added tax (VAT) on betting and the increase in excise duty to 20 percent in Kenya could lead to the disappearance of at least 80 percent of sportsbook bets in the market, making investment in the sector unviable and triggering capital flight.

Manitowoc letters to the editor address the county budget deficit and corporate tax dodging

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Manitowoc letters to the editor address the county budget deficit and corporate tax dodging

The text discusses letters to the editor of the Herald Times Reporter, with one letter supporting a 0.5% sales tax increase in Manitowoc County to address budget issues.

Just 385 families keep four villages in occupied areas alive

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Just 385 families keep four villages in occupied areas alive

There are only 385 families still living in the occupied villages of Kormakiti, Karpasia, Agia Triada, and Rizokarpaso, serving as pillars of Hellenism and the Maronite community. The Ministry of Social Welfare has revised the Resettlement Plan to provide financial support and incentives for families to return. The plan includes flexible conditions and offers facilitations such as allowing non-consecutive overnight stays and extending caregiving allowances. Interested parties must have permanent residence in the occupied villages and not be recipients of public assistance. The Ministry of Social Welfare manages and implements the plan, providing a monthly allowance to beneficiaries who meet the requirements and continue to reside permanently in their occupied village.