Economy

Capital gains tax upped for wealthiest Canadians

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Capital gains tax upped for wealthiest Canadians

Finance Minister Chrystia Freeland delivered a federal budget that keeps the deficit capped at billion, thanks to higher-than-expected government revenues and new taxes that largely offset new spending. The budget pledges billion in new spending focused on economic justice for younger generations. The government plans to pay for most of its new spending initiatives with higher taxes on the wealthiest Canadians and businesses, including increasing the capital gains inclusion rate. The deficit, deficit-to-GDP ratio, and debt-to-GDP ratio are projected to fall every year until 2028-29. The federal budget also includes initiatives aimed at boosting the economy’s productivity, such as expanding artificial intelligence capacity and research support.

Greek economy surges after decade of pain

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Greek economy surges after decade of pain

Fact: The Greek economy is forecast to grow nearly 3 per cent this year, approaching its pre-crisis size of 2009 and far outpacing the eurozone average of 0.8 per cent.

Immigration and economy: biggest concerns for Cypriots

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Immigration and economy: biggest concerns for Cypriots

– Immigration and the economy are the biggest worries for around 40 per cent of Cypriots going into the EU elections.
– Climate action, gender equality and diversity, and digitisation of the economy are bottom of the list of concerns for Cypriots.
– 55 per cent of Cypriots were interested in the EU elections.
– Migration topped the list of concerns for immediate discussion for 41 per cent of Cypriots.
– Cypriots were more worried about the economy and jobs compared with their European counterparts.
– Only 5 per cent of Cypriots are concerned about the digitisation of the economy.
– Cypriots were more concerned, after economy and migration, with fighting poverty and social inclusion, and public health.
– 51 per cent of Cypriots said they were optimistic about the future of the EU.
– The majority of Cypriots expect their standard of living to drop in the coming five years.
– The majority of Cypriots cited ‘peace and security’ as the number one issue the EU should defend in the future.

Mid-South Conference: Updates on ag tax and the Corporate Transparency Act | Stuttgart Daily Leader

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Mid-South Conference: Updates on ag tax and the Corporate Transparency Act | Stuttgart Daily Leader

Kristine Tidgren, director of the Center for Agricultural Law and Taxation at Iowa State University, will discuss the Corporate Transparency Act at the 11th Annual Mid-South Ag and Environmental Law Conference.

Why raising capital gains taxes makes sense—yes, really – The Hub

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Why raising capital gains taxes makes sense—yes, really - The Hub

The federal government’s latest budget included significant new spending, with an increase of over billion over five years compared to previous plans. The budget also included a change in capital gains taxes, with two-thirds of gains over 0,000 now counting towards taxes. This change is expected to raise billion over five years and improve the efficiency and equity of Canada’s tax system. The increase in the inclusion rate for capital gains is seen as a move that aligns the tax system with other types of payments and makes it more efficient and equitable.

Migration: Difficult to reassess areas of Syria as safe, MEP says

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Migration: Difficult to reassess areas of Syria as safe, MEP says

Cyprus is suspending the processing of asylum applications due to an increase in Syrian arrivals from Lebanon. The country wants EU partners to reassess the safety of certain areas in Syria to block asylum applications. MEP Fabienne Keller expressed scepticism, highlighting the challenges posed by Syria’s unstable situation and authoritarian leadership. Keller emphasized the need for support for Cyprus, as it faces a high number of asylum applications per capita. Meanwhile, MEP Tomas Tobé called for EU member states to unite and address the migration crisis collectively, urging a common position on Syria. Cyprus wants EU partners to reconsider the status of Syria, as it believes certain areas are safe for returnees.

60% of Cypriots , ‘likely’ to vote on June 9

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60% of Cypriots , ‘likely’ to vote on June 9

Cypriots are showing less enthusiasm to vote in the upcoming elections compared to their European counterparts, with only 60% likely to go to the polls. The interest in the elections has increased by 10 percentage points from the last survey in Autumn 2023. The survey conducted by Verian between February 7 and March 3 included 500 face-to-face interviews in Cyprus.

Chapter 8: Tax Fairness for Every Generation

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Chapter 8: Tax Fairness for Every Generation

Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation, investments in Canada’s strong social safety net, and an effective, … Read more

How will the new corporate tax bill impact R&D spending in the US? – The CFO

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How will the new corporate tax bill impact R&D spending in the US? - The CFO

The text discusses the importance of research and development (R&D) spending for innovation, economic growth, and competitiveness in the global market. It highlights concerns about the impact of the proposed tax bill on R&D spending, particularly the treatment of R&D expenses in the tax code. Companies are urging lawmakers to restore full and immediate expensing for R&D investments to incentivize innovation and business growth. Lawmakers are encouraged to consider the long-term benefits of supporting R&D spending and to provide incentives for companies to engage in R&D activities. Collaboration between the government and industry is also emphasized to maximize the impact of R&D investments.

Cyprus university signs MoU to advance AI-driven financial modelling

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Cyprus university signs MoU to advance AI-driven financial modelling

The University of Cyprus and Boltzmann Research have signed a Memorandum of Understanding (MoU) to advance research in Artificial Intelligence (AI), Machine Learning (ML), Statistics, and time series forecasting.