insurance

Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income

by
Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income

Eric E. Lenzen, a former partner at a major Milwaukee law firm, is agreeing to plead guilty to failing to pay taxes on about .4 million of income he received in 2016 and 2017. He may be heading to federal prison, and prosecutors are recommending a sentence of no more than 16 months. Lenzen also agreed to pay nearly million in restitution for taxes owed from 2016 to 2021. His law license is currently suspended for failing to take continuing legal education classes.

Gesy patients can now receive medical results by SMS

by
Gesy patients can now receive medical results by SMS

The Health Insurance Organisation (HIO) has reminded beneficiaries that they can receive SMS notifications on their mobile phones regarding the healthcare services they’ve received during their visits to specialist doctors.

Brainard Speaks on Upcoming Tax Debate

by
Brainard Speaks on Upcoming Tax Debate

The text discusses the economic policies of the White House, highlighting the President’s plan to grow the economy from the middle out and bottom up. The President is committed to not raising taxes on anyone making less than 0,000 and will cut taxes further for workers and families, funded by asking corporations and the wealthy to contribute more.

Insurers Face Crisis with Hundreds of Billions of Won in Corporate Tax Increases

by
Insurers Face Crisis with Hundreds of Billions of Won in Corporate Tax Increases

Fact: IFRS 17 stands for the International Financial Reporting Standard issued by the International Accounting Standards Board in May 2017.

Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations

by
Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations

The text discusses the upcoming expiration of the 2017 Tax Cuts and Jobs Act (TCJA) in 2025 and provides insight into various tax reform options. Lawmakers will need to decide on priorities for tax reform, including maintaining the TCJA policies or implementing fundamental reforms. The text outlines two alternative reform options that focus on better cost recovery for business investment, lower individual rates, and a broader tax base. These options aim to grow the economy, provide revenue, and avoid increasing the deficit. Lawmakers are encouraged to prioritize growth and fiscal responsibility in designing tax legislation to prevent a tax hike in 2025.

Cyprus: Only 25% of asylum seekers are registered with social insurance services, Minister says

by
Cyprus: Only 25% of asylum seekers are registered with social insurance services, Minister says

The government plans to introduce new legislation to address undeclared and illegal labor, with bills set to be presented to the House of Representatives in June for a vote before the summer recess. Labor Minister Yannis Panagiotou highlighted the recent increase in such practices and emphasized the need for swift action. The Minister also discussed benefits for Turkish Cypriots under the Ministry of Labour’s jurisdiction and presented data showing a correlation between undeclared labor and increased migration. The proposed legislative changes include increasing fines for undeclared work to €1000 and holding main contractors liable in addition to subcontractors. Additionally, there will be provisions for electronic registration of all employees in the Ministry’s information system.

Republic to simplify widowhood pension process for Turkish Cypriots

by
Republic to simplify widowhood pension process for Turkish Cypriots

Labour Minister Yannis Panagiotou discussed measures to support Turkish Cypriots, including the distribution of widowhood pensions to eligible spouses of Turkish Cypriots who contributed to the Social Insurance Fund. The Ministry of Labour is simplifying the application process by allowing married Turkish Cypriot contributors to submit a joint affidavit. Additionally, vocational training programs in Turkish are being offered between May and December 2024 to equip up to 1,000 Turkish Cypriots with green and digital skills.

Shipping industry to gather in Athens

by
Shipping industry to gather in Athens

The Poseidonia 2024 World Expo will take place in Athens, Greece from June 3 to 7. Many Cypriot shipping companies and professionals will attend the event.

Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

by
Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.

‘Police conducting hotel checks by the book’

by
‘Police conducting hotel checks by the book’

Police have been conducting checks at hotels in accordance with procedures following complaints from the hoteliers’ association (Pasyxe) about raids causing panic. Several complaints had been filed against a hotel group in the Paphos area. Arrests related to combating illegal employment in Cyprus had doubled within a year in the Paphos area. Labor Minister Yiannis Panyiotou emphasized the need to tackle illegal and undeclared work effectively. The general director of Pasyxe suggested that police could have conducted operations with more discretion, particularly in the incident in Paphos where around 30 police officers caused panic by entering a hotel.