A lever to capture corporate tax scofflaws
Fact: The global minimum tax mandates large multinational enterprises to pay a minimum tax rate of 15% in each country where they operate.
assessment
Cyprus mulling urban tolls to reduce car use
The Environmental Impact Assessment for Cyprus’ National Strategic Land Transport Plan is open for public consultation until June 14, 2024. The plan aims to increase public transport usage to 17% and reduce car usage by 14%. The primary objective is to identify potential environmental impacts and propose measures to prevent or offset them. The plan includes increasing electric vehicle and hydrogen stations to reduce greenhouse gas emissions, as well as improving public transport with dedicated lanes and increased service frequencies. Measures like urban tolls and low-emission zones are proposed to discourage car use and reduce air pollution. The plan also includes incentives for sustainable transport modes and creating new job opportunities.
Shell sees emerging Asian markets taking more of world, ’s growing LNG supply
Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade.
Akel speaks out against quarry expansion
Akel strongly opposes the government’s decision to proceed with a tender for an environmental impact assessment and ecological study for a potential new quarry zone in the area of Androlikou, near Polis Chrysochous.
Progress on stalled infrastructure projects , – minister
Within the next two weeks, answers will be given for several stalled infrastructure projects, including the impasse over Larnaca’s revamped port with concession holder Kition Ocean Holdings (KOC). The Ministry of Transport is considering the option of canceling the contract with KOC due to breach of contractual terms, which could result in the port reverting to management by the state’s Ports Authority. The ministry is also considering other investors who have shown interest in the project.
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.
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.
Virginia Co. Can’t Escape Tax After Exiting Bankruptcy – Law360 Bankruptcy Authority
A Virginia company that filed for Chapter 11 bankruptcy is responsible for a disputed corporate income tax assessment that occurred after the company emerged from bankruptcy.
Lack of progress on Paphos, –Polis road ‘worrying’
The rate of progress on the under-construction road between Paphos and Polis Chrysochous is worrying, with difficulties in finding suitable materials for construction of embankments causing delays. The contractor has requested a 33-month extension for the project’s completion time. The project may be divided into two separate sections to expedite progress.
UNIC ranks 115 worldwide in 2024 Young University Rankings
The University of Nicosia (UNIC) has been ranked at #115 worldwide in the 2024 Times Higher Education Young University Rankings, tied with the University of Toulouse in France. UNIC excels in the areas of assessment, ranking 1st and 2nd in Cyprus and Greece for International Outlook and Research Quality. Additionally, UNIC was ranked among the Top 501-600 universities in the world by THE World University Rankings for 2024.