Companies

Russian publisher redacts book on gay Italian director amid LGBT crackdown

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Russian publisher redacts book on gay Italian director amid LGBT crackdown

Roberto Carnero, an Italian literature professor, was shocked when his critical essay on Pier Paolo Pasolini was heavily censored by a Russian publisher. The publisher, AST, removed about 70 pages out of 400 from the book, citing anti-gay propaganda laws. Despite concerns, the publisher defended the redactions as an “artistic statement” and the book sold out its initial print run. The censorship highlights the crackdown on LGBT rights in Russia under Putin’s rule, with activists facing serious consequences for their advocacy. Carnero, reflecting on the irony of the situation, noted that Pasolini, known for his outspoken activism, would have likely opposed such censorship.

Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

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Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

– Borroe Finance ($ROE) is a new DeFi project that has gained market traction, particularly among Web3 Technologies users.
– Borroe Finance allows individuals to generate finances by selling their future profits for instant cash.
– Celestia is a blockchain network that focuses on creating and utilizing blockchains in a flexible and efficient manner.
– Despite Celestia’s advantages, it cannot compete with Borroe Finance, which is an AI-based fundraising marketplace built on Polygon.
– Institutional investors view Bitcoin as a way to hedge against economic downturns and as ‘non-debt money.’
– Armando Pantoja, a cryptocurrency investor, has bullish price projections for Ethereum and other altcoins in the coming months.

2025 and the Tax Cuts and Jobs Act: Building your tax story

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2025 and the Tax Cuts and Jobs Act: Building your tax story

– Extending all TCJA individual provisions at every income level would cost .5 trillion over the next 10 years.
– President Joe Biden’s proposal to maintain TCJA individual tax provisions for incomes below 0,000 would cost between trillion to .25 trillion.
– Business extenders cost approximately trillion.
– The corporate tax rate may be reconsidered by Congress due to deficit concerns and political pressures.
– Multinational companies may face a higher overall tax rate under the new global minimum tax regime created by Pillar Two.
– Only 27% of tax leaders are actively engaging with lawmakers on US or global tax policy.
– Companies rank the current 21% federal corporate tax, FDII incentive, and other TCJA reforms as top priorities.
– U.S. House Ways and Means Committee Chairman Jason Smith has said everything is on the table regarding individual provisions.
– The current combined US corporate tax rate is 25.8%, higher than the average combined corporate rate of other OECD countries.

Globe editorial: The junk-food economics of corporate subsidies

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Globe editorial: The junk-food economics of corporate subsidies

Corporate subsidies have become a significant problem for the Canadian economy, with Ottawa projected to spend .4 billion on subsidies by fiscal 2028. Economist John Lester’s analysis shows that the majority of these subsidies are ineffective and actually harm the economy. Only 20% of total subsidies have a positive impact on real income. The subsidies also contribute to a fiscal burden, requiring Ottawa to raise taxes or issue debt to cover the costs. The Liberal government’s continued indulgence in corporate subsidies, particularly in the electric vehicle industry, is criticized for not creating the promised jobs of the future and potentially shifting workers from Canadian-owned firms. Scrapping these subsidies could provide an economic boost and free up billions of dollars for other priorities, such as reducing the deficit, cutting taxes, or funding national defense or child care.

Corporate Taxes Before and After the Trump Tax Law

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Corporate Taxes Before and After the Trump Tax Law

– America’s largest, consistently profitable corporations saw their effective tax rates fall from an average of 22.0 percent to an average of 12.8 percent after the Trump tax law went into effect in 2017.
– The 296 largest and consistently profitable U.S. corporations paid 0 billion less in taxes from 2018 to 2021 compared to before the Trump tax law.
– While profits for these corporations rose by 44 percent after the Trump tax law, their federal tax bills dropped by 16 percent.
– The number of corporations paying tax rates of less than 10 percent increased from 56 to 95 after the Trump tax law.
– Many well-known corporations, including Walmart, Verizon, Disney, and Meta, had the largest tax reductions after the Trump tax law.

Mavridis takes over as Cablenet, ’s new CEO

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Mavridis takes over as Cablenet, ’s new CEO

Ioannis Mavridis is being promoted to CEO of Cablenet, replacing Yiannos Michaelides who is stepping down after four years.

Biden faces a tough balancing act as campus protests over Gaza escalate

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Biden faces a tough balancing act as campus protests over Gaza escalate

Biden is facing criticism from both left and right factions for his Israel policy, as campus protests against the war in Gaza escalate. Despite concerns that the protests could impact his chances in the upcoming election, the White House has focused on rolling out youth-friendly policies, such as student loan relief and marijuana reform. Republicans have used the protests to criticize Democrats, while some warn that young voters may desert Biden over his stance on Israel.

RoRo traffic up 75% in Limassol since 2017

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RoRo traffic up 75% in Limassol since 2017

– Limassol port has seen a 75% rise in wheeled cargo traffic since DP World Limassol took over its operation in 2017.
– DP World Limassol operates Cyprus’ largest RoRo terminal, processing around 60,000 multipurpose RoRo units last year alone.
– RoRo shipping is the most popular method for transporting wheeled cargo in a cost-effective manner.
– Limassol port is a natural gateway for the transportation of vehicles to and from the Middle East and continental Europe.
– DP World Limassol has made significant investments in the terminal, equipment, and operational processes over the past seven years.
– DP World Limassol serves numerous industries and welcomed a wide range of vessels, including passenger ships like the ferry connecting Greece and Cyprus.

Moneyval reports improvements in money laundering measures

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Moneyval reports improvements in money laundering measures

Cyprus has welcomed a Moneyval report that acknowledged improvements in tackling money laundering and terrorism financing, but also identified existing shortcomings.

Demystifying health insurance: Coverage, plans, claims & more

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Demystifying health insurance: Coverage, plans, claims & more

Fact: Health insurance offers a wide range of medical services, including routine health check-ups, preventive care, hospitalization bills, and surgeries.