Aquaculture tax reform proposal has Faroese salmon industry concerned
A new tax reform for the Faroese salmon-farming industry is expected to pass on 21 May, following a previous resource tax imposed by the government.
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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.
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.
Greece to deport nine EU nationals over pro-Palestinian protest
Nine protesters from Germany, Britain, France, Italy, and Spain are facing deportation from Greece after being arrested during a pro-Palestinian demonstration at the University of Athens School of Law. Police detained a total of 28 Greek and foreign protesters on charges of disrupting the operation of a public entity and damaging foreign property. Evidence against the protesters included various items such as leaflets, Palestinian flags, smoke flares, gas masks, helmets, paint cans, and banner poles. While Greek protesters were released pending trial, the nine foreign nationals remained in custody pending a decision on their deportation. Their lawyers have stated that deportation orders have been issued, preventing the defendants from attending their own trial. Pro-Palestinian supporters have been protesting in Greece since Israel’s conflict with Hamas in Gaza. Greece recently abolished legislation protecting universities from police entry, sparking criticism from those who saw it as a threat to democracy.
What we know about the crashed helicopter carrying Iran’s president
The helicopter that crashed in Iran, killing the president and foreign minister, was a Bell 212 model. Bell developed the aircraft in the late 1960s for the Canadian military, and it is used globally for various purposes. The Bell 212 can carry passengers, cargo, and mount weapons. Non-military organizations and countries like Japan, the United States, and Thailand operate the Bell 212. Iran’s current fleet includes Italian-built naval versions of the helicopter. The most recent fatal crash involving a Bell 212 was in 2023 off the coast of the United Arab Emirates. Iran has managed to keep its aviation fleets flying through a combination of smuggled parts and reverse-engineering. The accident does not automatically fall under global rules for air accident probes, and it is unlikely that Iran will seek outside help for the investigation.
UK’s infected blood scandal could and should have been avoided, inquiry finds
An infected blood scandal in Britain led to 3,000 deaths and thousands more contracting hepatitis or HIV due to doctors and governments fault. Over 30,000 people received infected blood in the 1970s and 1980s, destroying lives, with some blood products being made from high-risk donations. The government hid the truth to save face. Prime Minister Rishi Sunak is expected to apologize on behalf of the state. The scandal rocked trust in the medical establishment. The infected blood products were used for transfusions and treatments, with some haemophiliacs receiving Factor 8 concentrates with a high risk of infection. Between 80 and 100 people became infected with HIV by transfusion, and about 26,800 were infected with Hepatitis C. The British inquiry found systemic failures and lack of meaningful apology or redress. The inquiry does not have the power to recommend prosecutions. Former health minister Edmond Herve in France was convicted for his role in the scandal.
In divided Iran, president’s death met by muted mourning and furtive celebration
Iran declared five days of mourning for President Ebrahim Raisi, but the response was subdued compared to previous senior figure deaths. Despite prayers and mourning, most shops remained open. Raisi’s crackdown on anti-establishment protests in 2022-2023 led to opposition celebrating his death. Critics do not expect significant change in the regime after his passing. Raisi’s legacy is divisive, with supporters praising his work ethic and opponents condemning his role in past executions. Many Iranians believe another hardline figure will replace him, continuing the current regime’s policies.
Turkish Cypriot farmers vow to , ‘break down doors’ of ‘govt’ building in protest
Turkish Cypriot farmers threatened to “break down the doors” of the north’s ‘prime minister’s’ office if the three men arrested during a protest earlier in the day are not released.
Green NGO calls to make public those responsible for Akamas , ‘destruction’
The Environmental Movement of Cyprus is calling for those responsible for the destruction of Akamas to be held accountable for their actions. They are demanding the immediate publication of the latest investigation into illegal interventions in Akamas and are urging President Nikos Christodoulides to make the findings public and name those responsible.
Cyprus High Commission owes , €1.7m in London congestion charges
The Cypriot High Commission in London owes Transport for London almost €1.7 million in outstanding congestion charge fees.