Smart City Project advances glass recycling with Green Dot
Fact: A Memorandum of Cooperation was signed between the municipality of Nicosia and Green Dot on smart glass recycling as part of the Nicosia Smart City Project.
policy
Innovative app aims to combat hate speech online
The Hope For Children CRC Policy Centre launched an app called “Hate Trackers Beyond Borders” to empower young people aged 14-25 to fight hate speech online. The initiative involves five leading organisations from four different countries and aims to educate users about hate speech, engage them in dialogue, and raise awareness about issues like gender equality and cultural diversity. The app is available in English, Greek, and two other languages, and provides practical experience and skills to recognize and oppose hate speech.
Our View: Legal battle needed to define auditor-general, ’s authority limits
Fact: There is speculation that the Attorney-General George Savvides will submit a request to the supreme court to have Auditor-General Odysseas Michaelides removed from his post for inappropriate behavior.
Ormidia fishing shelter upgraded, government pledges support
Fact: The Ormidia fishing shelter in Cyprus received a €1.6 million upgrade, co-financed by the European Maritime and Fisheries Fund 2014-2020, as part of a larger operational program for fisheries and aquaculture with a budget of €54.7 million.
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.
Murphy wants business tax to aid NJ Transit. Business group says use sales tax revenue
NJ Transit’s board approved a fare increase of 15% on July 1 and 3% every year after that.
K-Battery Companies Worried about OECD’s New Global Minimum Tax Policy
The global minimum tax policy imposes a minimum corporate tax of 15 percent on multinational companies with annual global revenue exceeding 1 trillion won.
Dollar slides ahead of key GDP data
The US Dollar is under modest selling pressure as investors await key data releases, including the first estimate of annualized GDP growth for the first quarter and weekly Initial Jobless Claims data.
Corporate Taxes And Public Transportation: Debate Rages In New Jersey
New Jersey is considering raising taxes on businesses that earn more than million per year to create a dedicated funding source for NJ Transit, which is facing a financial shortfall. Business lobbyist groups are pushing against the proposal, arguing that it could lead to companies leaving the state or making investments elsewhere. Advocates for the tax increase argue that it would only apply to the top 1 percent of corporate filers and that these companies have benefited from tax cuts in the past.
Our View: Labour minister shows a clear bias in his decisions
The government has decided to institutionalize direct dialogue with the business community, allowing for collaboration and sharing of plans. President Nikos Christodoulides emphasized the importance of businesses in economic development and announced the formation of an advisory tripartite committee to address labor market needs. However, the Labour Minister has shown bias towards unions in labor disputes, potentially hindering business development.