government

Government approves €15 million Pano Platres development

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Government approves €15 million Pano Platres development

A €15 million residential complex called the “Nightingale Residential Compound” in Pano Platres, Cyprus has been approved by the Environmental Authority after modifications were made to address initial concerns. The project, developed by Roomzly, will be located within the protected zones of the Kouris Dam Reservoir. The revised plans eliminate buildings on steep slopes and a private wastewater treatment plant, with construction confined to a designated residential zone and avoiding protected areas. The project must follow mitigation measures and was deemed compatible with surrounding developments.

Ireland, Norway set to recognise Palestinian state today

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Ireland, Norway set to recognise Palestinian state today

Norway and Ireland are set to announce the recognition of an independent Palestinian state, following other European Union members in supporting a two-state solution for lasting peace in the region. The move is seen as a potential positive impact on the peace process between Israel and the Palestinians. Israel has warned against the recognition, stating it could lead to more terrorism and instability in the region.

Government to start offering professional training programmes in Turkish

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Government to start offering professional training programmes in Turkish

Representatives from social partner organizations met at the Productivity Centre to discuss attracting Turkish Cypriots to training programs under the European Year of Skills initiative. The government announced measures to improve job prospects for Turkish Cypriots, including access to training programs. KEPA clarified that initial programs would be held in Turkish at the House of Cooperation. The goal is to reach 1,000 participants in EU co-funded training, with eligibility for all Turkish Cypriot identity card holders. Programs will cover topics like environmental sustainability, digital skills, customer service excellence, and occupational health and safety. The government announced 14 measures to benefit Turkish Cypriots, including participation in training programs and EU acquis seminars. KEPA will provide further communication to stakeholders, with programs expected to start in late May or early June and run until the end of the year.

Tony Watson blew the whistle on Lendlease’s questionable tax practices. Now he has to sell his family home

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Tony Watson blew the whistle on Lendlease's questionable tax practices. Now he has to sell his family home

Lendlease is facing a big battle with major investors, with a showdown expected later this month.

Globe editorial: The Liberals are ripping up Canada’s trump card for productivity growth

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Globe editorial: The Liberals are ripping up Canada’s trump card for productivity growth

The Trudeau government introduced the Accelerated Investment Initiative in late 2018 to encourage corporate investment by allowing companies to expense the cost of new equipment and systems. However, the policy is set to expire by 2028, leading to an increase in effective tax rates on new investments. The Liberals are focusing on redistributionist efforts and targeted tax credits, rather than extending the sector-neutral accelerated capital-cost allowances program. This approach limits the impact on productivity-enhancing assets and may hinder overall economic growth.

Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say

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Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say

Progressive and economic groups are urging Congress to use the expiration of .6 trillion in tax cuts next year as an opportunity to revamp the U.S. tax system.

New Report Identifies Challenges with Global Minimum Tax Implementation in the EU

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New Report Identifies Challenges with Global Minimum Tax Implementation in the EU

Fact: European Union Member States are in the process of implementing the global minimum tax in line with a directive unanimously agreed to at the end of 2022.

EPIC tax backers say petition effort cleared 38-county hurdle • Nebraska Examiner

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EPIC tax backers say petition effort cleared 38-county hurdle • Nebraska Examiner

Supporters of the EPIC consumption tax in Nebraska have gathered signatures from 5% of registered voters in 38 counties, aiming to replace income, property, and corporate taxes with a broader sales tax. They need a total of 123,000 signatures by July 3 to place the issue on the fall ballot. Governor Jim Pillen opposes the EPIC tax, calling it unworkable and advocating for a balanced approach to property tax relief. Former State Sen. Brett Lindstrom and others criticize the EPIC tax for potentially increasing sales taxes on various items and eliminating local control. Supporters argue that drastic changes are needed in the state’s tax system and believe the EPIC tax is the only solution that prioritizes taxpayers.

Cyprus committed to path of sustainable shipping

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Cyprus committed to path of sustainable shipping

President Nikos Christodoulides emphasized the important contribution of shipping to the economic development of Cyprus and stated that his administration will continue to work towards the sustainable development of Cypriot shipping.

Complying with Natura 2000 a , ‘government priority’

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Complying with Natura 2000 a , ‘government priority’

Fact: The ministry of agriculture in Cyprus has begun issuing decrees for Natura 2000 areas with the aim to complete the process by the end of 2025.