Aristotle in the age of AI: When data breeds inequality
Fact: Aristotle observed “There is nothing more unequal than the equal treatment of unequal things.”
transparency
Georgian PM calls for review of relations with US
Georgian Prime Minister Irakly Kobakhidze called for a review of relations with the United States after Washington ordered punitive measures over the passage of a law on “foreign agents”.
Cyprus implemented GRECO recommendations for judges, not MPs or prosecutors
Cyprus has fully implemented 75% of the recommendations regarding prosecutors, but only 25% of the recommendations regarding MPs.
The End – part 2 at the Cyprus Contemporary Dance Festival
The Cyprus Contemporary Dance Festival is featuring seven unique performances at the Rialto Theatre, including “The End – part 2” by choreographer Arno Schuitemaker. The performance explores themes of togetherness, connection, and solidarity, blurring the line between seeing and being seen. It features three performers who expose different sides of themselves while breaking physical boundaries.
Corporate tax not rising for compliant listed companies
Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year, with some changes in parlance that could affect the availing of lower tax rates. The base rate may see a rise for publicly listed companies, but compliance with cashless transactions could bring it back down to existing rates. Listed companies with free float up to 10% and above with cashless transactions would have tax rates of 20% and 22.5%. Noncompliance with the cashless transaction limit would result in higher tax rates. The government may also impose capital-gain taxes on individual investors for the first time if profits exceed Tk 4.0 million. The tax gap between listed and non-listed companies may be reduced by cutting corporate tax rates for non-listed companies by 2.5%. Capital-market experts believe that higher taxes and reducing the tax gap between listed and non-listed companies could discourage companies from entering the capital market. The government should focus on simplifying investment procedures rather than increasing taxes on the capital market.
Buildings leap to the future with new logbooks
Digital records can help make European homes and offices greener and healthier.
Europe sets benchmark for rest of the world with landmark AI laws
Europe’s landmark rules on artificial intelligence will enter into force next month after EU countries endorsed a political deal reached in December, setting a potential global benchmark for the technology. The AI Act is more comprehensive than the United States’ approach and China’s approach, aiming to maintain social stability and state control. The legislation imposes strict transparency obligations on high-risk AI systems and restricts governments’ use of real-time biometric surveillance in public spaces. The new legislation will have a global reach, impacting companies outside the EU who use EU customer data in their AI platforms. Fines for violations range from 7.5 million euros to 35 million euros depending on the type of violations.
Je Suis Andriana Nikolaou as hundreds gather outside Legal Service, seeking justice in Thanasis case
A protest was held outside the Attorney General’s Office in Nicosia demanding a thorough investigation into the killing of Thanasis Nikolaou, who was ruled to have been murdered while serving in the National Guard 19 years ago. The protest, led by his mother Andriana Nikolaou, aimed to bring justice and vindication for Thanasis. The protest attracted people from all over Cyprus, calling for accountability and transparency in the case.
EU warns Cyprus on business tax | eKathimerini.com
The European Commission has warned Cyprus and other EU member-states to enforce a minimum 15% tax rate for big multinational companies and improve corporate transparency by disclosing income taxes publicly. Cyprus, along with Spain, Latvia, Lithuania, Poland, and Portugal, have not fully implemented these rules and have two months to comply or risk facing fines in the European Court of Justice.
EU data protection board says ChatGPT still not meeting data accuracy standards
The task force at the EU’s privacy watchdog has stated that OpenAI’s efforts to ensure compliance with European Union data rules are not enough, specifically in terms of data accuracy. The report highlighted concerns about the ChatGPT chatbot potentially producing biased or false outputs that may be perceived as factually accurate by end users.