Abstract This paper offers a comprehensive analysis of Spain’s corporate tax system through the lens of the Laffer curve and Buoyancy index, assessing its efficiency in generating revenue. The study finds that Spain is nearing the Laffer curve’s optimal tax rate, beyond which tax revenue may decrease with rate hikes. The Buoyancy index reveals a … Read more
Silver plummeted to near $29.00 in Friday’s American trading. The white metal faces an intense sell-off as the outcome of China’s third plenum meeting had less stimulus measures to address economic challenges and was more focusing more on “high-quality development”. The world’s second-largest economy struggles to maintain the economic growth momentum due to poor demand … Read more
A growing number of wealthy Indians are reportedly seeking to switch their citizenships to havens that offer tax benefits, safety, better lifestyle options, and fewer regulations. A recent report by Henley & Partners, a global leader in residence and citizenship by investment, claims that nearly 4,300 Indian millionaires are expected to leave the country in … Read more
The Central government is likely to announce India’s adoption of “Pillar-2” tax regime anchored by the Organisation for Economic Cooperation and Development (OECD) in the coming Budget, as part of the country’s efforts to support and benefit from the global system combating tax avoidance.The Finance Bill, 2024, passed after the interim Budget presentation, will be … Read more
The US Dollar is holding steady early Wednesday, as investors gear up for key macroeconomic events that could significantly impact the currency’s valuation. The Bureau of Labor Statistic will release the Consumer Price Index data for May in early U.S. trading. Later in the day, the Federal Reserve will announce monetary policy decisions and publish … Read more
The Cyprus government has left migrants, including women, children, and unaccompanied minors, stranded in the UN buffer zone for close to a week. Initially, there were 13 migrants, but the number has now more than doubled to 27. The migrants are from Afghanistan, Iran, Sudan, and Cameroon, and have reported themselves as asylum seekers. The government’s denial of entry violates national, EU, and international law, according to UN sources. The migrants have been stuck in tents in the buffer zone, some requiring hospital treatment. The UNHCR is making representations to the government to abide by their obligations towards asylum seekers. The government has not commented on the matter, citing that the migrants are in the buffer zone.
– A mini-heatwave is forecasted to last at least over the next three days in Cyprus.
– A yellow weather warning is in effect from 2:30pm until 3:30pm.
– Temperatures will reach 40C inland, 34C on the south and east coasts, 31C on the remaining coasts, and 30C in the higher mountains.
– Winds will be light and variable, up to 4 Beaufort, with a complete absence of wind at times during midday hours.
Fourteen migrants have arrived in the buffer zone, bringing the total number of people stuck there to 27.
The Greek delegation presented the history of the Parthenon Marbles case, emphasizing the violent removal of the sculptures and the poor conditions of their preservation at the British Museum. Efforts to engage in dialogue with the UK have been fruitless, and the Marbles are considered an integral part of Greek cultural heritage. The UK reiterated that existing laws do not allow for the return of the Marbles to Greece, despite strong support from numerous countries for their repatriation.
Thirteen migrants, including unaccompanied children, are now stranded in the buffer zone between Aglantzia and Geri, in addition to the 14 who have been living in tents for the past two weeks. The total number of migrants is now 27. Despite expressing their desire to apply for asylum, the migrants remain trapped in the buffer zone. The UNHCR is providing food, water, hygiene products, and clothing, but the asylum seekers are living in tents and exposed to extreme weather conditions. The Republic of Cyprus is working with relevant ministries and the UN peacekeeping force to address the needs of the migrants.