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.
money
New round of compensation coming from north, ’s property commission
The ‘government’ in the north has secured £68 million sterling (€79 million) to pay compensation to Greek Cypriots who applied to the Immovable Property Commission (IPC) and whose claims were processed by the end of 2020.
Cyprus residents, ’ bank deposits rise by €318.5 million
The Central Bank of Cyprus reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. The liquidity exceeded €27 billion, with total deposits seeing a net increase of €252.1 million. Cyprus residents’ deposits increased by €318.5 million, while total loans recorded a net increase of €133.1 million. The balance of total deposits in March of that year stood at €52.2 billion, and the balance of total loans reached €25.1 billion.
Hundreds of Turkish Cypriots protest against , ‘govt’
Fact: Hundreds of Turkish Cypriots took to the streets to protest against the north’s ‘government’.
Cyprus sees Surge in deposits and loans in March
In March 2024, total deposits in Cyprus increased by €252.1 million, with a total balance of €52.2 billion. Total loans also increased by €133.1 million, reaching a balance of €25.1 billion. Deposits from residents of Cyprus rose by €318.5 million, while loans to Cypriot residents increased by €134.0 million.
How California Dems Are Finding Workarounds to Cash Payment Race Reparations
Experts say the proposals for reparations to black descendants of slaves in California, which include subsidized property taxes and expedited business licenses, may be unconstitutional due to violating guarantees of equal treatment of citizens regardless of race.
When institutions work
Corruption is a common element in politics, with different countries handling corruption cases in varying ways. In Spain, the judiciary is investigating Prime Minister Pedro Sánchez’s wife for allegedly using her influence to secure a bailout for an airline, followed by funding for a research program. The media and judges will ultimately decide the outcome, and despite the accusations, no defamation lawsuits have been filed. Former French President Nicolas Sarkozy is facing legal troubles for illegal campaign financing, with media extensively covering the case. Sarkozy has been stripped of his political rights for three years, and no lawsuits have been filed to stop media coverage.
St Habakkuk hearing postponed
The hearing to cancel foreclosure orders for the Monastery of Sant Habakkuk’s €807,000 has been postponed until May 30. The postponement was granted to serve the request to three more parties: the Hellenic Bank, the Bank of Cyprus, and the Land Registry. Bishop Isaiah of Tamasos is personally involved, represented by lawyer Elias Stefanou. The court required objections to be filed within eight days before the new hearing date. Notably, the acting abbot of the monastery, Nektarios, other monks, and two citizen applicants claiming ownership of the money were present in court.
How to Improve the Base Erosion and Anti-Abuse Tax (BEAT)
The text discusses the Base Erosion and Anti-Abuse Tax (BEAT) and its purpose to address profit shifting by multinational enterprises. The fact described in the text is that BEAT is intended to address a legitimate problem, but its execution leaves room for improvement.
Tenn. House and Senate broker a compromise on the business tax rebate
The Tennessee House and Senate have reached a compromise to pass a business tax cut and refund, allowing businesses to request refunds up to three years of the Franchise and Excise Tax.