policy

GOP opposition to child tax credit bill could be softening in Senate

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GOP opposition to child tax credit bill could be softening in Senate

Bipartisan legislation to cut taxes for working families and extend certain corporate tax breaks has stalled in the Senate over Republican opposition. The bill includes an expansion of the child tax credit, which could lift 400,000 children out of poverty. Senate Majority Leader Charles E. Schumer has indicated that the bill could be considered for a vote after the April 15 tax deadline. Some GOP lawmakers are willing to support the bill with small changes that the Democratic sponsor has offered, but negotiations with Sen. Mike Crapo have been at a standstill. Trillions of dollars in tax cuts enacted under President Trump are set to expire in 2025, leading to discussions about future tax policy.

Nicosia mayoral race heats up

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Nicosia mayoral race heats up

A new challenger, Panagiotis Mentzis, backed by the Ecologists Movement, has entered the race for Mayor of Nicosia, injecting fresh energy into the campaign. Meanwhile, established candidates Nikos Tornaritis and Charalambos Prountzos are intensifying their efforts. Tornaritis, supported by centre-right parties, will present his candidacy on April 20. Prountzos, an independent candidate backed by AKEL and EDEK, has outlined his vision for Nicosia, focusing on sustainability and green initiatives. Prountzos’ plan includes ambitious targets for energy autonomy and sustainable urban mobility, as well as the creation of a digital platform called the “NicosiaApp.”

Pelosi joins call for Biden to stop transfer of US weapons to Israel

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Pelosi joins call for Biden to stop transfer of US weapons to Israel

Nancy Pelosi and other congressional Democrats signed a letter urging President Biden to stop weapons transfers to Israel amid criticism of Israel’s military assault on Gaza, which has led to thousands of deaths and widespread hunger. Pelosi’s support highlights a growing mainstream view in the Democratic Party. The letter also called for an investigation into an Israeli airstrike that killed aid workers. The United Nations has warned of a looming famine in Gaza.

How investment firms shield the ultrawealthy from the IRS – ICIJ

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How investment firms shield the ultrawealthy from the IRS - ICIJ

The fact described in the text is that the IRS has received a major infusion of funding, including billion in 2022, to address the issue of large partnerships used by the ultrawealthy to hide income and avoid paying taxes.

Tech news: Bloomberg launches corporate tax suite

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Tech news: Bloomberg launches corporate tax suite

– Neel Lee Chauhan was appointed chief product officer of IRIS Software Group.
– Christina Mautz joined Valid8 Financial as executive vice president for marketing.
– Brett Suchor took on an expanded role as executive vice president for strategic partnerships at Valid8 Financial.
– Dr. Max Bernt joined TaxBit as the managing director of Europe.
– Zach Nelson and Nancy Harris joined the board of directors at Acumatica.

Turkish Cypriot pupils declining in north, ’s schools

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Turkish Cypriot pupils declining in north, ’s schools

Turkish Cypriot pupils in the north have dropped by more than 50 per cent, while the number of Turkish students has risen by a third. The number of foreign pupils has also increased by 10 per cent. There is a need for new schools in certain areas, an increase in linguists in schools, and a focus on providing social and cultural skills to foreign students. Families have not been participating in school activities and vaccination programs due to their beliefs and cultures. The head of the CTP stated that their first priority when taking over will be to implement a population policy.

Tax The Rich? They’ll Just Leave, Century Of Data Shows

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Tax The Rich? They'll Just Leave, Century Of Data Shows

Fact: When states raise their taxes, Americans making good money leave.

Congress Manifesto 2024: Party Promises To Enact Direct Taxes Code, Abolish Angel Tax

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Congress Manifesto 2024: Party Promises To Enact Direct Taxes Code, Abolish Angel Tax

The Congress Party has vowed to initiate a comprehensive overhaul of India’s tax system, labeling the past decade as a period of ‘taxation gone berserk’.

WTI rises to $86.20 on threats against Israel

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WTI rises to $86.20 on threats against Israel

The West Texas Intermediate (WTI) oil price is trading around .20 a barrel in Asian trading on Friday, with the rise attributed to potential supply disruptions amid escalating geopolitical tensions.

Limassol gears up for second Cyprus Forum Cities conference

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Limassol gears up for second Cyprus Forum Cities conference

Fact: The 2nd Cyprus Forum Cities, the largest local government conference in Cyprus, is set to be held in Limassol on April 18-19, 2024.