investment

Biggest Corporate Welfare Scam of All Time, by Stephen Moore

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Biggest Corporate Welfare Scam of All Time, by Stephen Moore

President Joe Biden is calling on corporate America to pay their fair share of taxes, but it turns out that some companies, particularly green energy firms, are not paying their fair share. Despite receiving billions in subsidies, wind and solar power industries are among the biggest tax dodgers in the country, paying nearly zero income taxes. These companies have received over a quarter trillion dollars in subsidies over the past two decades, with no significant increase in renewable energy production. Biden’s policies, such as the Inflation Reduction Act, are expected to drain the Treasury of up to .8 trillion over 10 years. The green energy lobby is exempt from Biden’s proposed mandatory 15% minimum corporate tax, highlighting the hypocrisy in his stance on tax evasion. The green energy industry is profiting off climate change hysteria, with little to show for the taxpayer-funded subsidies they receive.

Spain to scupper ‘golden visas’ for foreign real estate investors

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Spain to scupper ‘golden visas’ for foreign real estate investors

Spain’s Prime Minister Pedro Sanchez announced the scrapping of the golden visa programme, which grants residency rights to foreigners who make large investments in real estate. The programme, which required a minimum investment of 500,000 euros, will be eliminated to make access to affordable housing a right instead of a speculative business. Portugal has also revamped its golden visa scheme, excluding real estate investment to address a housing crisis.

Saudi crown prince meets Pakistani premier, stresses India-Pakistan dialogue

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Saudi crown prince meets Pakistani premier, stresses India-Pakistan dialogue

Saudi Crown Prince Mohammed bin Salman emphasized the need for dialogue to ease tensions between Pakistan and India, particularly regarding the Kashmir dispute. India and Pakistan have a history of conflict over the region, with recent escalation following a bombing in Kashmir traced back to Pakistan-based militants. Indian Defence Minister Rajnath Singh stated that India would pursue militants into Pakistan if necessary. The two countries have also been at odds over allegations of cross-border killings. Pakistan is seeking a billion investment package from Saudi Arabia to address financial difficulties.

Pullix (PLX) could be the passive income powerhouse the likes of Polygon (MATIC) and Arbitrum (ARB) can, ’t compete with

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Pullix (PLX) could be the passive income powerhouse the likes of Polygon (MATIC) and Arbitrum (ARB) can, ’t compete with

– Pullix (PLX) is a new hybrid DeFi token that requires no KYC verification and has launched on several tier-1 exchange platforms.
– Pullix is implementing a Revenue Share Model that allocates a portion of the platform’s daily revenue to active members, making it a potential passive income powerhouse.
– Pullix is in the process of onboarding the platform to the Google and Apple App Stores and has a staking system that has gone live.
– Polygon (MATIC) has been in a bearish market for more than 60% of the past year, dropping by over 11% in the past week and 22% in the past month.
– Arbitrum (ARB) saw an all-time high three months ago but has declined since, losing over 14% in the past week and over 33% overall.

Ninety-three new projects to beat water shortage

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Ninety-three new projects to beat water shortage

A new desalination unit is being built in Moni in Limassol.

Pillar II’s arsenals to enforce minimum tax of 15%

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Pillar II’s arsenals to enforce minimum tax of 15%

Fact: Regulations for topping up taxes must be implemented in a specific sequence by adjusting the qualified domestic minimum top-up tax (QDMTT), followed by the treaty-based subject to tax rule (STTR), the income inclusion rule (IIR), and finally, the under-tax payment rule (UTPR).

New projects in the pipeline to cover 100% of drinking water needs

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New projects in the pipeline to cover 100% of drinking water needs

A new desalination plant in Moni, Limassol with a cost of €80 million is being planned as part of the National Investment Plan for Water Projects. The plan includes a total of 93 water projects with a budget of €1.17 billion, aimed at ensuring water sufficiency and the use of reclaimed water. Priority projects, with an estimated value of €721.8 million, are currently under construction and are set to be completed between 2024 and 2029. Additional projects worth €445.5 million are under evaluation, focusing on enhancing water security in urban areas and communities across Cyprus.

State pension fund reaching critical levels

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State pension fund reaching critical levels

The Fiscal Council has warned that state borrowing from the Social Insurance Fund has reached critical levels, with the government owing over €10 billion to the fund. This borrowing threatens public finances and could lead to pressure on the state budget. The Council suggests reducing the state’s debt to the fund and revising the investment policy to achieve higher returns. The study also recommends increasing the percentage of assets invested in non-government securities to diversify the portfolio.

The Island Private School: a holistic learning environment

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The Island Private School: a holistic learning environment

The Island Private School in Cyprus offers a holistic learning environment for students of diverse cultural backgrounds. The school integrates best practices from the International Baccalaureate, Waldorf, and Montessori educational systems, focusing on academic excellence and developing 21st-century skills. The school’s mission is to inspire a passion for learning and prepare students as confident, responsible global citizens who value diversity. The school offers three educational tracks grounded in Environmental, Social, and Governance (ESG) principles, aiming for a sustainable and equitable future. The school has integrated ESG considerations into its curriculum through lessons on environmental sustainability, climate change, and conservation, as well as through various environmental initiatives and partnerships. The school engages with the local community, fosters inclusivity and diversity, and promotes social responsibility through various activities and events. The school plans to evolve its ESG initiatives by introducing composting bins, celebrating various faiths and cultures, and focusing on sustainability in its future campus. The school measures and reports on its progress towards ESG-related goals through key performance indicators, data collection, and stakeholder surveys. The school faces challenges in implementing eco-friendly practices due to financial constraints but is seeking funding opportunities through grants and partnerships. The school encourages student-led initiatives related to ESG and plans to use technology to further ESG education and initiatives. The school’s approach to ESG differentiates it from other educational institutions by integrating ESG into its organizational culture, decision-making processes, curriculum, and daily operations. The school envisions its role in the broader ESG landscape within the education sector in the next five to ten years by becoming an international education hub, supporting diverse educational tracks, expanding as a multicultural community, promoting ethical governance, strengthening environmental partnerships, contributing to rural development, developing a green campus, and promoting energy efficiency and renewable energy sources.

Larnaca port and marina €1.2 billion project faces growing uncertainty

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Larnaca port and marina €1.2 billion project faces growing uncertainty

The future of the €1.2 billion investment in the port and marina of Larnaca is uncertain, causing concerns among stakeholders. Larnaca Mayor and Chamber of Commerce president express disapproval over the lack of transparency in the agreement between the government and Kition Ocean Holdings. Larnaca MPs are pressuring for more information and updates on the project, highlighting the need for transparency and the importance of keeping stakeholders informed.