Opinion: Let’s follow the Irish on productivity
The fact described in the text is that low corporate taxes and friendly regulation fueled the rapid growth that made Ireland a productivity leader.
government
From arming teachers to corporate tax breaks: Tennessee’s new, extreme laws
Tennessee’s Republican-dominated legislature passed conservative laws this year, including allowing teachers to arm themselves in class. Other bills included providing government-funded vouchers to private schools, tax breaks to corporations, civil penalties for aiding minors with abortion, and restricting library materials. The state also passed a bill allowing public school teachers and staff to carry guns.
Proposed increase to capital gains tax requires action | Investment Executive
The change in capital gains tax rates will increase the overall tax on capital gains to levels similar to eligible dividends in six provinces for those at the highest marginal rate. The delay in implementation to July 25 provides an opportunity for advisors to adjust their clients’ portfolios to mitigate the impact of the rate hike.
US working to deliver aid to Gaza through any available route, Ambassador says
The US is working to deliver humanitarian aid to Gaza through various routes, including the sea lane from Larnaca, according to US Ambassador to Cyprus, Julie Fisher. The construction of a floating platform for aid delivery is in its final stages, and efforts are being made to ensure that aid reaches Gaza as soon as possible.
Palestinians seek refuge ahead of Rafah offensive
Israeli forces are closing in on Rafah, a city in southern Gaza, where thousands of Hamas fighters are holed up. More than a million people are sheltering in the city, prompting warnings of a humanitarian catastrophe. Israel seized the main border crossing between Gaza and Egypt, cutting off aid. Residents have been ordered to leave as an assault is anticipated. Tens of thousands have fled the city, turning neighborhoods into ghost towns.
Greece extends naval advisory to deter Russian oil ship-to-ship transfers
The Greek navy has extended an advisory to ban ship traffic off the coast of the southeastern Peloponnese to prevent ship-to-ship transfers of Russian oil. International sanctions have made trading Russian oil difficult, leading to vessels avoiding cargo and vessel checks by Greek authorities in offshore transfer points. The advisory is aimed at deterring such activities and may be extended further to push away ship-to-ship transfers close to Greek waters.
Larnaca dockworkers continue strike
Larnaca port is at a standstill due to a strike by dockworkers demanding overtime pay. The strike has caused concerns for the port and the island’s economy. The matter may be referred to the Labour Ministry. Trade unions claim the port operator violated labour agreements regarding overtime schedules and pay. Employers and industrialists criticize the strike as unnecessary and in violation of the Industrial Relations Code. The Cyprus Chamber of Commerce and Industry also condemns the strike and calls for legislative regulation of strikes in essential services.
30kg of smuggled lamb meat seized at crossing point
Fact: 30 kilograms of smuggled lamb meat was seized at the Ayios Dhometios crossing point by Turkish Cypriot police.
MPs reject president, ’s referral of police law
The House legal committee rejected President Nikos Christodoulides’ referral of a law that would grant the police chief powers to appoint specialist staff. This decision was made to prevent potential risks to democracy.
Shell Nigeria paid $1.09 billion tax, royalties to FG in 2023- Official
Shell paid .09 billion in corporate taxes and royalties to the Federal Government in 2023, with SPDC contributing 2 million and SNEPCo remitting 9 million.