expenses

Cyprus: 30% of women with breast cancer pause treatment for fertility reasons

by
Cyprus: 30% of women with breast cancer pause treatment for fertility reasons

30% of Cypriot women with breast cancer stopped treatment to preserve their fertility, with 73% concerned about the impact on their ability to conceive. Europa Donna Cyprus called for an awareness program to inform cancer patients about fertility preservation options like oocyte or sperm cryopreservation. The cost of these procedures is estimated at €2,000 to €2,500, with discussions on potentially having the state cover these expenses for cancer patients.

Navigating the complexities of Cyprus tax: A comprehensive guide

by
Navigating the complexities of Cyprus tax: A comprehensive guide

The Cypriot government encourages entrepreneurs to open new businesses in Cyprus, which has seen a steady increase in foreign attention in recent years, especially in the tourism and business sectors. Understanding the Cyprus tax authorities and income tax in Cyprus is essential before starting a business in the country.

Tax Reform Offsets Shouldn’t Offset Economic Growth

by
Tax Reform Offsets Shouldn’t Offset Economic Growth

The text discusses the importance of prioritizing permanence for pro-growth tax reforms and avoiding economically harmful payfors. It mentions that raising the corporate income tax rate is not a recommended option for fiscally responsible and pro-growth tax reform.

Bank of Cyprus posts , €133 million profit —new lending hits €676 million

by
Bank of Cyprus posts , €133 million profit —new lending hits €676 million

The Bank of Cyprus released its financial results for the first quarter of 2024, reporting a profit after tax of €133 million.

Rising food costs leave hungry Americans $33 billion behind, report says

by
Rising food costs leave hungry Americans $33 billion behind, report says

Hungry people in the U.S. faced a .1 billion shortfall in funds for basic food needs in 2022, with nearly half of them not qualifying for aid. This was the highest shortfall in 20 years due to higher food prices. Hunger rose in 2022 amid high food price inflation and the end of federal financial support and expanded food aid programs during the COVID-19 pandemic. Nearly half of food-insecure people may not qualify for the Supplemental Nutrition Assistance Program. Congress has expanded funding for a key nutrition program serving mothers and young children to address the issue.

Does Your State Have a Gross Receipts Tax?

by
Does Your State Have a Gross Receipts Tax?

The text discusses gross receipts taxes, which are imposed on businesses based on their gross sales before deducting operating costs. Seven states have a state-level gross receipts tax, while three allow municipalities to assess it locally. Gross receipts taxes have a long history but have fallen out of favor in recent decades. States often differentiate tax rates based on industry or revenue levels. Some states, like Nevada and Washington, have poorly structured gross receipts taxes that are legally problematic. Ohio and Oregon have recently made changes to their gross receipts taxes. Overall, the text argues that gross receipts taxes are harmful and should be replaced with a well-structured corporate income tax.

From algorithms to assets: How math shapes financial strategies for college students

by
From algorithms to assets: How math shapes financial strategies for college students

Fact: Understanding and applying basic mathematical principles can enhance college students’ financial literacy and help them make informed decisions for a stable and prosperous future.

Napa mayor faces charges over alleged misuse of European grant

by
Napa mayor faces charges over alleged misuse of European grant

Fact: Ayia Napa Mayor Christos Zannettou has been accused of unlawfully securing a €765,000 European grant for a hotel renovation project in which he held a stake.

Cost-benefits of electricity cable expected by end of month

by
Cost-benefits of electricity cable expected by end of month

Fact: The first results of the cost-benefit study for the Greece-Cyprus Great Sea Interconnector electricity project are anticipated to be unveiled by the end of May.

Can investment tax reform boost economic growth? – Economics Observatory

by
Can investment tax reform boost economic growth? - Economics Observatory

Taxation, especially on capital income such as corporate and capital gains taxes, can reduce investment, distort resource allocation, and hinder economic growth. High government debt and stagnant productivity in the UK make the relationship between tax policies and growth crucial. One way to increase growth could be through tax reforms that promote investment and innovation without significantly reducing government revenue. Expanding full expensing to all forms of investments and adjusting dividend and capital gains tax rates could be potential strategies to boost growth. The balance between higher revenues from corporate income taxes and increased investment from dividend and capital gains taxes is a significant challenge for policymakers.