exercise

Having high hopes for our youth

by
Having high hopes for our youth

The text discusses the disappointment in a sector of the younger generation, highlighting issues such as high crime rates, low education standards, and lack of English language proficiency. However, there is hope seen in the younger generation through their volunteer work with Syrian refugees and efforts to revitalize an abandoned shopping mall project in Limassol. The young group aims to turn the mall into a youth business and innovation hub with the support of the Municipality of Limassol, but they require governmental and possibly EU assistance to overcome legal and financial challenges.

People over 60 in Cyprus feel insecure, lonely and afraid, survey finds

by
People over 60 in Cyprus feel insecure, lonely and afraid, survey finds

Around 42% of people over 60 years old feel lonely, with 30% citing low pensions as a major issue. Women and the elderly, especially those over 80, experience more fear and insecurity. The study showed that individuals aged 60-69 spend a lot of time with their grandchildren. The research also revealed that most elderly people watch television and go to church. Additionally, 61% of retirees in Cyprus live in their own homes, and 46% believe their income is enough to meet their needs. The study also highlighted the need for more activity centers, state support, and increased pensions for retirees.

Pro-Palestine protestors to gather in Nicosia marking six months since October 7

by
Pro-Palestine protestors to gather in Nicosia marking six months since October 7

Hundreds are gathering in Nicosia on April 7 to mark six months since the Israeli offensive in Gaza. Organisers are calling it a “genocidal crime” and demanding an end to the blockade. The protest, co-organised by various left-wing groups, highlights the Palestinians’ struggles with food and medical shortages. The demonstration criticizes the Cypriot government’s support for the “Amalthea programme,” seen as a public relations move that doesn’t address the core issue of the blockade.

Larnaca port and marina €1.2 billion project faces growing uncertainty

by
Larnaca port and marina €1.2 billion project faces growing uncertainty

The future of the €1.2 billion investment in the port and marina of Larnaca is uncertain, causing concerns among stakeholders. Larnaca Mayor and Chamber of Commerce president express disapproval over the lack of transparency in the agreement between the government and Kition Ocean Holdings. Larnaca MPs are pressuring for more information and updates on the project, highlighting the need for transparency and the importance of keeping stakeholders informed.

Stray dog shelter in Nicosia set to expand

by
Stray dog shelter in Nicosia set to expand

Authorities in Nicosia announced plans to enhance and expand a dog shelter serving six municipalities. The shelter, managed by Simba Animal Aid, is Cyprus’ sole municipal shelter for stray dogs.

Five Things to Know About Tax Foundation’s Critique of Maryland’s Worldwide Combined Reporting Proposal

by
Five Things to Know About Tax Foundation’s Critique of Maryland’s Worldwide Combined Reporting Proposal

On April 1, 2024, Maryland lawmakers are considering enacting worldwide combined reporting (WWCR) to calculate state corporate tax more accurately and prevent tax avoidance by corporations. The Tax Foundation published a blog criticizing WWCR, but their arguments were debunked by experts. WWCR aims to tax Maryland income regardless of offshore shifting and will make forecasting easier. The Tax Foundation’s ties to corporations known for tax avoidance raise concerns about their opposition to WWCR. WWCR is seen as a sensible reform to ensure fair taxation of multinational corporations in Maryland.

The Corporate Transparency Act’s Impact On Charities and Tax-Exempt Entities (Updated) | JD Supra

by
The Corporate Transparency Act's Impact On Charities and Tax-Exempt Entities (Updated) | JD Supra

Fact: The Corporate Transparency Act (CTA) became effective on January 1, 2024, with the goal of reducing money laundering and financial crimes by requiring businesses operating in the United States to report ownership and control information. Charities and tax-exempt entities are exempt from CTA reporting requirements.

The…angry Netanyahu and the war crimes

by
The…angry Netanyahu and the war crimes

The USA abstained from the first ceasefire resolution in Gaza, angering Netanyahu who wanted Washington to exercise its veto. As a retaliatory measure, Netanyahu cancelled his delegation’s trip to Washington. The ceasefire did not hold as Israel continued its attacks on Gaza. The Security Council’s decision remained on paper, similar to the situation in Cyprus in 1974. The US government claimed there was no reason to believe Israel committed acts of genocide in Gaza. The situation in Gaza is dire, with people facing hunger and desperation. The head of European diplomacy denounced Israel’s use of hunger as a “war weapon” in Gaza. Netanyahu’s actions are seen as trying to save his political career, but the international community’s response allows the occupying power to continue its actions, which is considered a crime.

“C’mon Man! Tax the Rich!” Business Owners Face Tax Increases* | JD Supra

by
“C’mon Man! Tax the Rich!” Business Owners Face Tax Increases* | JD Supra

Sen. Warren reintroduced her “Ultra-Millionaires” wealth tax proposal to the Senate, inspired by the Administration’s Fiscal Year 2025 Budget which includes its own version of a wealth tax. The tax proposals are part of the upcoming contest for the White House and focus on tax avoidance by the wealthy. Business owners should familiarize themselves with the proposed changes to federal income tax and develop plans in response as there is a possibility that the Democrats may have another opportunity to turn their income tax agenda into law.

Over 3,500 people to be elected in June vote

by
Over 3,500 people to be elected in June vote

Over 3,500 people will be voted to positions of public office in the elections on June 9.