policy

More than , €8bn of ‘major developments’ planned in Cyprus

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More than , €8bn of ‘major developments’ planned in Cyprus

More than €8 billion of major developments have been planned in Cyprus, with 18 to 20 projects expected to create between 8,000 and 9,000 jobs. The developments will include new marinas, golf courses, technology parks, tourist complexes, medical centers, and other projects. The chairman of the Association of Large Investment Projects stated that his views are aligned with President Nikos Christodoulides and they aim to attract foreign investments and promote the implementation of major development projects. Incentives will be provided to encourage foreign companies to partner with Cypriot companies, and efforts will be made to clean up Cyprus’ name and improve the country’s image in the eyes of investors.

Tax review to avoid an ‘intergenerational tragedy’

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Tax review to avoid an ‘intergenerational tragedy’

Former Treasury secretary Ken Henry is calling for a foundational tax review to address the lack of grip on tax reform by the political class, warning that the rising share of income tax and government spending will burden younger working-age Australians.

Demetris Skourides: Chief Scientist for Research, Innovation and Technology

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Demetris Skourides: Chief Scientist for Research, Innovation and Technology

Cyprus is leveraging AI and machine learning technologies to promote innovation within startups and established industries.

Does the Federal Tax Code Privilege the Rich?

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Does the Federal Tax Code Privilege the Rich?

The text discusses the progressivity of the federal tax code in the United States. The fact described in the text is that in 2021, taxpayers with higher incomes paid much higher average income tax rates than taxpayers with lower incomes.

Bidenomics: Higher tax rates, more loopholes – Washington Examiner

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Bidenomics: Higher tax rates, more loopholes - Washington Examiner

President Joe Biden has increased the corporate tax rate while also increasing tax loopholes and giveaways, leading to a complex tax code that benefits politicians by increasing government power and influencing the behavior of companies. Biden has signed bills with subsidies and narrow tax breaks for big corporations, doubling narrow corporate breaks despite his rhetoric about fairness. The high tax rate combined with loopholes allows politicians to control company behavior and justify massive giveaways to other groups. Biden’s tax policy has helped his inner circle make millions through lobbying and consulting on the tax code complexity.

Cyprus inflation drops to 1.6 per cent in March, according to Eurostat

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Cyprus inflation drops to 1.6 per cent in March, according to Eurostat

The Consumer Price Index (CPI) in Cyprus showed a yearly growth rate of 1.6 per cent in March, down from 2.1 per cent the previous month.

Legal Services to meet over monastery scandal

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Legal Services to meet over monastery scandal

A meeting at the state Legal Services will be held this week on potential financial crimes and money laundering at the Osiou Avakoum monastery.

Tesla, Ford, Netflix, and T-Mobile pay their top executives more than they pay in federal taxes | Opinion

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Tesla, Ford, Netflix, and T-Mobile pay their top executives more than they pay in federal taxes | Opinion

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The Coming Tax Debate – AAF

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The Coming Tax Debate - AAF

The fate of the 2017 Tax Cuts and Jobs Act (TCJA) is a key fiscal decision as most of its provisions expire in 2025. The TCJA focused on corporate taxation, including cutting the corporate tax rate to 21 percent and moving to a territorial system. It also allowed full expensing for investment and research and development, and limited deductibility of interest costs. The TCJA successfully removed tax-based distortions in the corporate sector and led to an increase in investment. Various tax plans propose different corporate tax rates, with Democratic plans suggesting 28 percent, Republican plans keeping it at 21 percent, and a centrist plan proposing 25 percent. All plans aim to make permanent the expensing provisions and suggest additional base broadening if more revenue is needed.

Biden and Corporate America? It’s ‘Complicated.’

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Biden and Corporate America? It’s ‘Complicated.’

The fact described in the text is that President Biden has promised to raise the rate on a new minimum tax his administration has levied on big companies in order for every big corporation to pay their fair share.