debate

Trump’s new ‘deal’ could save Big Oil $110 billion in taxes

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Trump's new ‘deal’ could save Big Oil $110 billion in taxes

Donald Trump allegedly offered Big Oil executives 0 billion in tax breaks if they donated billion to his campaign. Congressional Democrats are investigating this potential quid pro quo deal. Joe Biden plans to eliminate these tax breaks for the oil and gas industry if elected. The fossil fuel industry is lobbying to maintain these tax breaks, which are set to expire next year. Some attendees at Trump’s fundraising dinner at Mar-a-Lago included executives of smaller oil companies focused on fracking and gas exporting. The event was also attended by individuals with controversial backgrounds in the oil and gas industry.

Policy elites blind to tax burden

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Policy elites blind to tax burden

President William Ruto believes that Kenyans are not overtaxed, citing the concept of ‘tax effort’ as a measure of tax revenue as a percentage of GDP. He argues that the government needs to increase tax effort to fund infrastructure projects and meet international standards for service delivery. However, he criticizes the reliance on IMF advice and GDP statistics, pointing out data quality issues and the impact of high taxes on citizens and businesses. Ruto suggests assessing the impact of taxes on the cost of living through household surveys to determine if Kenyans are indeed overtaxed.

Royal portrait of Kate Middleton stirs debate

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Royal portrait of Kate Middleton stirs debate

A new portrait of Princess Catherine on the cover of Tatler magazine has stirred mixed reactions online. The painting by artist Hannah Uzor is meant to portray the Princess’s strength after her cancer diagnosis. Some social media users are not satisfied with the likeness of the portrait to the Princess, although Uzor defended her work by explaining the symbolism behind the background related to Kate’s eye color and love for the outdoors.

Philip Morris Cyprus unveils path to cigarette-free island

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Philip Morris Cyprus unveils path to cigarette-free island

Philip Morris Cyprus aims to make Cyprus the first smoking-free country in Europe. Over 55,000 Cypriots have transitioned to better alternatives to cigarettes, with revenues from new tobacco products exceeding 70% of total sales. The company’s General Manager emphasized the benefits of this transition for public health, the environment, and the economy. President Nikos Christodoulides praised the company’s efforts towards a cigarette-free world, while CEO George Margonis highlighted the company’s investment and vision for a cigarette-free future. Philip Morris supports strict legislation and control of sales to young people and is raising awareness on related matters. Through science, technology, and support from various sectors, the vision of a cigarette-free Cyprus is becoming a reality.

They prefer the bear to the man

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They prefer the bear to the man

The TikTok question “Would you rather be stuck in a forest with a man or a bear?” sparked a viral trend with over 10,000 posts using the hashtags #manvsbear and #manorbear. Six out of seven women said they would choose the bear, citing reasons such as knowing what to expect from a bear and feeling safer with a bear than a man. The fear of men is a common experience among women, supported by statistics showing higher rates of violence from men. This fear may explain why most women would prefer to be stuck in a forest with a bear rather than a man.

What is aircraft turbulence and how common is it?

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What is aircraft turbulence and how common is it?

One passenger died from a suspected heart attack and 30 others were injured when a Singapore Airlines flight from London to Singapore encountered severe turbulence, prompting the plane to divert to Bangkok.

Globe editorial: The Liberals are ripping up Canada’s trump card for productivity growth

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Globe editorial: The Liberals are ripping up Canada’s trump card for productivity growth

The Trudeau government introduced the Accelerated Investment Initiative in late 2018 to encourage corporate investment by allowing companies to expense the cost of new equipment and systems. However, the policy is set to expire by 2028, leading to an increase in effective tax rates on new investments. The Liberals are focusing on redistributionist efforts and targeted tax credits, rather than extending the sector-neutral accelerated capital-cost allowances program. This approach limits the impact on productivity-enhancing assets and may hinder overall economic growth.

Papadopoulos challenges Elam to debate

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Papadopoulos challenges Elam to debate

Diko leader Nicholas Papadopoulos challenged Elam leader Christos Christou to a debate over the latter’s alleged proposal to give passports to immigrants so they leave the country. Elam’s only response to the challenge was that their positions had been distorted. Interior Minister Constantinos Ioannou condemned the idea, describing it as dangerous and unrealistic.