land

US anchors aid pier to Gaza beach but distribution plans uncertain

by
US anchors aid pier to Gaza beach but distribution plans uncertain

The United States has anchored a temporary floating pier to a beach in Gaza to boost aid deliveries, facing challenges in distributing assistance due to a dire shortage of fuel for aid trucks and security concerns. Trucks carrying humanitarian aid are expected to begin moving ashore soon, but there are still unresolved challenges. The pier project, costing 0 million, aims to combat the humanitarian crisis in Gaza by opening a sea route for aid delivery. Israel and Hamas have been engaged in a seven-month-long war, with the U.N. losing staff members in the conflict. Aid access in Gaza has dwindled, and a severe fuel shortage may impact aid operations. The U.S.-delivered aid will follow a complex path, involving inspections by Israel, third-party collection and distribution by the U.N. officials, and security concerns in the region. Discussions between the U.S. and the U.N. on aid delivery from the pier are ongoing.

Federal Budget | Global tax

by
Federal Budget | Global tax

The foreign resident capital gains tax regime will be tightened by broadening the types of assets subject to CGT, implementing a 365-day testing period for the principal asset test, and requiring foreign residents to notify the ATO before disposing of shares exceeding million in value. These amendments aim to clarify which assets are subject to CGT and prevent tax avoidance by foreign residents. The changes will apply to CGT events starting from 1 July 2025, with no grandfathering for existing assets.

Frederick University to host affordable housing conference

by
Frederick University to host affordable housing conference

Fact: Frederick University’s Department of Architecture, in collaboration with the Cyprus Architects Association, is organizing a conference on the role of architecture in achieving affordable housing in Cyprus.

British aid shipment leaves Cyprus bound for Gaza pier

by
British aid shipment leaves Cyprus bound for Gaza pier

A British shipment of nearly 100 tonnes of aid has left Cyprus bound for a new temporary pier in Gaza to address the severe humanitarian crisis facing over 2 million people in the region. The shipment included 8,400 shelter coverage kits, and the pier is expected to allow the delivery of 90 truckloads of international aid per day, with a potential increase to 150 truckloads once fully operational.

US highlights Cyprus’ vital role in transfer of Gaza aid

by
US highlights Cyprus’ vital role in transfer of Gaza aid

Cyprus is playing a significant role in coordinating international efforts to deliver humanitarian aid to Gaza. The United States is involved in creating a maritime humanitarian corridor to Gaza, with the construction of a temporary pier for aid transfer. Cyprus is facilitating the use of its port facilities and leading coordination efforts with various countries, including the US, the UK, the EU, and the United Arab Emirates. The European Union is actively participating in the corridor, with discussions ongoing to increase overall assistance. The construction of a pier on the Gaza coast will enable the mass transfer of aid to Palestinians in Gaza, emphasizing that the aid will be transported through sea, land, and air routes.

US aid pier for Gaza floats into wartime reality

by
US aid pier for Gaza floats into wartime reality

The United States is working on establishing a floating pier off the coast of the Gaza Strip to improve aid deliveries, facing challenges such as fuel shortages and security concerns. The project has been slow and expensive, with the U.N. emphasizing that land routes remain crucial for aid operations. Aid deliveries via the maritime corridor have begun, with plans for U.S.-delivered aid to be collected by third parties and distributed by the U.N. Israel has been accused of impeding aid deliveries, but denies any constraints on operations.

President calls for private sector involvement to tackle housing crisis

by
President calls for private sector involvement to tackle housing crisis

President Nikos Christodoulides praised the Cyprus Association of Large Investment Projects for its contribution to the economy and stressed the importance of public-private sector collaboration to address affordable housing challenges.

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.

EU Commission: two firefighting aircraft to Cyprus

by
EU Commission: two firefighting aircraft to Cyprus

The European Commission will reinforce Cyprus’ firefighting fleet with two aircraft this summer, amid increased risks of forest fires.