More for Them, Less for Us
Fact: Many major U.S. companies are paying their top executives more than they’re paying in federal income taxes.
compensation
Balancing Uncle Sam’s Checkbook: Biden’s Tax Proposals | JD Supra
Fact: President Biden’s Fiscal Year 2025 Budget Proposals include new tax proposals such as increasing the corporate alternative minimum tax, increasing the excise tax rate on corporate stock repurchases, limiting corporate tax deductions for certain salaries, increasing the tax cost of private jet usage, limiting benefits for private placement life insurance, expanding the 10% shareholder exclusion from the portfolio interest exemption, and requiring controlled foreign corporations’ taxable year to match the year of its majority U.S. shareholder.
Fallout from CyBC delayed budget submission
Fact: CyBC’s delayed budget submission led to a delay in salary payments for employees.
Electricity subsidy extended until end of June
The electricity subsidy is being extended until the end of June and will cover more than 400,000 households and 100,000 businesses.
Gesy beneficiaries requested to update their online medical profile
The patients’ association called on all state healthcare beneficiaries to activate their online medical profiles in order to update their information on the Gesy database, including their mobile phone number and email address.
Helios crash orphans denied state compensation
The Supreme Court rejected a request from two Helios orphans seeking compensation from the government over the plane crash that killed their parents. The siblings had received €1.8 million from the insurance company after the crash, waiving their right to seek compensation from the Republic.