Christodoulides creates , ‘political group’ for Cyprus problem
Fact: A “political group” for the Cyprus problem has been created by President Nikos Christodoulides.
government
Scottish First Minister Yousaf: I intend to fight no-confidence vote
Scotland’s First Minister Humza Yousaf is facing a vote of no confidence after withdrawing from a coalition agreement and attempting to run a minority government.
Government ramps up crackdown of undeclared work
– Around eight per cent of the workforce, or 40,000 people, are illegally employed in Cyprus, resulting in a loss of revenue to the social insurance fund of €10 million a year.
– The government has approved a plan to strengthen measures to combat undeclared work, including implementing a system of extra-judicial fines for employers.
– The fine for each instance of undeclared work will increase from €500 to €1,000 and will be doubled in the event of a future offence by the same employer.
– Authorities will increase the number of inspections to target specific work sites and times, and there will be increased coordinated inspections between different departments.
– The government will conduct an outreach campaign for third-country nationals legally in Cyprus who are not identified as legal workers.
– The government will investigate employers of undeclared workers for links to people-smugglers.
– Legislative changes will be submitted to the House, including the creation of a digital census of all employees and liability for main contractors and subcontractors in cases of undeclared work.
Vietnam’s Corporate Incentives to Offset Minimum Tax Too Limited
Business groups in Vietnam are criticizing the government’s financial support plan to mitigate the effects of the global minimum tax on multinationals, calling it vague and limited to large projects. The plan includes direct cash support for investment costs, social infrastructure systems, training and development, and production of high-tech products. However, the definition of “high-tech” under the new law is unclear.
Tax costs to UK businesses jumped 27% in the last year to £13.1bn – The CFO
Two-thirds of UK business taxes were introduced in the past decade, costing businesses £13.1bn in the last year, up 27% from the previous year.
Invest Cyprus to spearhead campaign to bolster country, ’s reputation
President Nikos Christodoulides expressed confidence in Cyprus’ ability to navigate the current global climate of uncertainty and instability. He stated that Cyprus aims to become one of the best places in the world to live, work, and conduct business, as outlined in the national strategy ‘Vision 2035′. Christodoulides highlighted the importance of bolstering the country’s reputation on the international stage and emphasized the need for a new development model to ensure a resilient, sustainable, and competitive economy. The government is engaging in dialogue with foreign investors and Cypriot entrepreneurs to attract quality investments and capitalize on their expertise. The government is also working on tax transformation to enhance economic competitiveness and align with the goals of the European Green Deal. Christodoulides mentioned the importance of restoring Cyprus’ reputation and credibility internationally, with plans for a major rebranding campaign led by Invest Cyprus.
82-year-old shooter, ’s appeal for freedom rejected
An 82-year-old man who was jailed for shooting a cable thief had his appeal for a suspended sentence rejected. The man’s lawyer is now awaiting the attorney-general’s position on the matter of a presidential pardon. The shooting took place in a Limassol village where the man shouted at the thief before firing a shot that hit him in the back.
Absolute chaos
There was chaos during the nomination submission for Local Government candidates due to multiple provinces submitting at the same time. Ministry of the Interior did not consider journalists, resulting in confusion for media representatives.
When institutions work
Corruption is a common element in politics, with different countries handling corruption cases in varying ways. In Spain, the judiciary is investigating Prime Minister Pedro Sánchez’s wife for allegedly using her influence to secure a bailout for an airline, followed by funding for a research program. The media and judges will ultimately decide the outcome, and despite the accusations, no defamation lawsuits have been filed. Former French President Nicolas Sarkozy is facing legal troubles for illegal campaign financing, with media extensively covering the case. Sarkozy has been stripped of his political rights for three years, and no lawsuits have been filed to stop media coverage.
The burned the forest with a flare, but it was an unfortunate moment
A flare thrown into a quarry started a forest fire due to a mistake made during the destruction of smoke bombs and flares. The Mines Service admitted the error, unlike the Electricity Authority in a previous incident. The forest fire season has been extended to 8 months due to high-risk periods expanding. Plans to purchase 10 firefighting aircraft will be implemented gradually over five years. Despite efforts to combat organized crime, concerns are raised about leaks to journalists and limited information.