Guest Opinion: Cut state tax on capital gains – The Coastland Times
Fact: John Hood suggests cutting the state tax on capital gains in North Carolina to make the tax code friendlier to growth and investment.
policy
How Did the Tax Cuts and Jobs Act Change Cost Recovery?
The Tax Cuts and Jobs Act introduced 100 percent bonus depreciation for short-lived assets from September 27, 2017, until January 1, 2023.
Livingston Chamber Criticizes Proposed NJ Business Tax Hike
The Livingston Chamber of Commerce opposes a proposed 2.5 percent tax hike on high-earning businesses in New Jersey, which would fund NJ Transit.
Why We’re Closely Watching Moore v. U.S.
The Moore v. United States case involves the question of “unrealized income” and its taxation. The plaintiffs, Charles and Kathleen Moore, are challenging the constitutionality of the Section 965 transition tax. The Supreme Court is expected to release an opinion soon, which could have significant impacts on tax policy, potentially reducing federal tax revenues. The ruling may also affect the implementation of the global minimum tax agreement known as Pillar Two. Additionally, the case could lead to changes in the timing of taxes and even preemptively strike down some wealth tax proposals.
EUR shows strength amid ECB rate cut uncertainty
The EURUSD pair is holding near 1.0900 in European trading due to investors’ higher risk appetite. The European Central Bank is expected to start reducing interest rates from the June meeting, but policymakers are divided over a rate-cut move in July. The focus will shift to the Eurozone and U.S. preliminary Purchasing Managers Index data for May. Fed policymakers are expected to maintain a hawkish stance on interest rates despite a decline in price pressures. New York Fed Bank President John Williams believes the monetary policy is in a good place and sees no need for changes at the moment.
EU digital policy in focus at ministerial meeting in Brussels
Deputy Minister of Research Nicodemos Damianou is scheduled to travel to Brussels to attend an EU telecommunications ministers meeting. The summit will focus on shaping the European digital landscape, including measures to strengthen the Digital Single Market, regulations such as the Digital Services Act, Artificial Intelligence Act, and Cyber Resilience Act, as well as establishing a Framework for a European Digital Identity. Discussions will also cover cybersecurity, digital skills enhancement, and the need for coordinated efforts among national authorities for digital transformation. A policy debate on the implementation of digital legislation will take place, and conclusions on the future of the EU’s digital policy and cybersecurity strategies are expected to be approved. Damianou will also participate in a Competitiveness Council meeting to discuss the potential creation of a European space law to establish common standards for safety, resilience, and sustainability in space activities. He is expected to return to Cyprus on the evening of Thursday, May 23.
Switching people on to green power in Europe
Researchers in Europe are working to inform residents about clean energy options.
Chief Scientist participates in Digital Twin 4 Health symposium
Chief Scientist Demetris Skourides was a prominent participant in the First International Symposium: Digital Twins 4 Healthcare.
Iranian President Raisi feared dead as helicopter wreckage found
The fact described in the text is that hopes are fading that Iranian President Ebrahim Raisi and his foreign minister have survived a helicopter crash in mountainous terrain and icy weather, as search teams located the wreckage and all passengers are feared dead.
US election will have big impact on global economy
The US presidential elections are scheduled for November 2024 and are considered instrumental for the global economy due to the size of the US economy, the central role of the US dollar, and the country’s vast energy reserves and geopolitical importance.