Companies

Missouri House again votes to cut corporate income taxes

by
Missouri House again votes to cut corporate income taxes

The Missouri House passed a bill to repeal the corporate income tax, gradually reducing the rate from 4% to 0% by 2028. The bill is estimated to reduce state revenues by at least 4 million when fully implemented. Democrats opposed the bill, arguing that corporations should contribute to government operations. The state has a surplus of .4 billion, but revenues are lagging. The bill also restricts corporations from claiming tax credits against corporate tax liability once the rate is cut to zero.

Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit

by
Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit

Republicans in the Tennessee House and Senate are planning to offer businesses new tax help worth over billion. The Senate has passed a proposal that includes .56 billion in one-time refunds for potentially 100,000 businesses and 3 million in annual tax breaks. The House has presented a version that limits tax refunds to 0 million, requires public disclosure of businesses receiving refunds, and sets limits on suing. The debate is complicated by Tennessee’s financial situation and concerns that the state’s franchise tax may violate the U.S. Constitution’s Commerce Clause.

Laudable progress in direct taxes but scope for betterment remains

by
Laudable progress in direct taxes but scope for betterment remains

The Indian middle class may be disappointed with the Narendra Modi-led government’s lack of adjustments to tax rates and slabs. Personal tax collections have increased significantly, with the share of personal tax in overall collections rising from 38% to 52% in the last decade. Efforts have been made to improve tax compliance through technology and widening the tax base. Corporate tax collections have not grown as much as personal taxes, indicating room for improvement in the tax system.

Missouri House Republicans vote to cut corporate income taxes as Democrats criticize ‘giveaway’

by
Missouri House Republicans vote to cut corporate income taxes as Democrats criticize 'giveaway'

The Missouri House passed a bill repealing the corporate income tax, with Republicans supporting it and Democrats opposing it. The bill would gradually reduce the tax rate until it is eliminated in 2028. The bill is estimated to reduce state revenues by at least 4 million when fully implemented. The state is currently sitting on a surplus of about .4 billion.

Turkish Cypriot social media journalist arrested

by
Turkish Cypriot social media journalist arrested

Fact: Turkish Cypriot social media journalist Serdinc Maypa appeared in court accused of violating people’s right to privacy.

Opposition parties criticise economic measures

by
Opposition parties criticise economic measures

Akel accused President Nikos Christodoulides of “only caring about his public image” and criticized the government for not having a comprehensive plan to deal with the cost-of-living crisis.

XM tops island, ’s list of ‘Best Workplaces™ for Women’

by
XM tops island, ’s list of ‘Best Workplaces™ for Women’

XM has been recognized as the top workplace for women in Cyprus by Great Place To Work® Cyprus. They have achieved this distinction by offering equal opportunities for training, development, and advancement to all team members, as well as implementing targeted empowerment initiatives for female employees. The percentage of women in mid-level and senior management positions at XM is 40%, while in managerial positions it is 25%.

ANALYSIS-Russian veto points to ‘grim future’ for North Korea sanctions enforcement

by
ANALYSIS-Russian veto points to ‘grim future’ for North Korea sanctions enforcement

Russia vetoed the renewal of the panel of experts monitoring UN sanctions against North Korea, signaling a grim future for sanctions enforcement. Russia and China have denied breaking sanctions and have blocked new measures at the UN Security Council. Russia’s veto highlights its deepening ties with North Korea and its violation of sanctions by buying conventional arms. The end of the panel could lead to more evidence of sanctions violations being released to the public. Russia’s veto suggests it does not want its illegal procurement of North Korean weapons to be reported. The US and South Korea have launched a task force to prevent North Korea from procuring illicit oil, particularly from Russia.