Trump, ’s media company surges for second day after stellar debut
Shares of Trump Media & Technology Group surged 17% on Wednesday, fueled by retail investors including supporters of former President Donald Trump.
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The Corporate Transparency Act’s Impact On Charities and Tax-Exempt Entities (Updated) | JD Supra
Fact: The Corporate Transparency Act (CTA) became effective on January 1, 2024, with the goal of reducing money laundering and financial crimes by requiring businesses operating in the United States to report ownership and control information. Charities and tax-exempt entities are exempt from CTA reporting requirements.
OPINION: Alaska has a revenue problem, and expanding corporate tax credits won’t help
Tax credits are popular and allow businesses or individuals to make donations or investments in projects to reduce their taxes. Governor Mike Dunleavy introduced legislation to expand corporate donations eligible for tax credits, potentially costing the state a quarter-million dollars in lost revenue. The bill lacks research and may not benefit communities without large corporations. The use of tax credits adds complexity to the tax code and can lead to increased demand for subsidies.
Hulu launches on Disney+ in bid to boost streaming use
Walt Disney has added the general-audience-focused Hulu streaming service to the family friendly Disney+ app.
Infamous church scandal has shaken people, ’s faith – poll
Fact: A poll conducted online by Philenews found that the majority of respondents (48%) are concerned about “fabricated miracles” within the church in Cyprus.
Call for money-laundering clampdown in north
The Cyprus Integrity Forum called for action over sanctions evasion and money laundering in the north, following a Deutsche Welle production that revealed Iranian and Russian nationals buy property in the north to avoid sanctions.
Police union threatens legal action over unpaid overtime
The police branch of the Isotita trade union threatened legal action over plans to extend staff hours without increasing pay.
Two arrested for money laundering freed
Two men arrested in Limassol on suspicion of money laundering were freed after their latest remand expired. The 34-year-old suspect admitted to receiving envelopes from the other suspect and delivering them to various locations. The amount of cash found on the 34-year-old suspect amounted to €161,425.
Three-act life of a professional storyteller
Fact: Juliana Marín Fryling is a storyteller who has traveled the world for the past two years, matching her stories to different audiences and trying to heal some deep-seated trauma in her own life.
Fed posts record loss of $114.3 billion in 2023
The Federal Reserve reported a record loss of 4.3 billion in 2023, mainly due to expenses related to managing the US central bank’s short-term interest rate target.