Michael Brochstein/ZUMA Press Wire / SplashNews.com / Michael Brochstein/ZUMA Press Wire / SplashNews.com Because of her late start in the 2024 presidential campaign, vice president and presumptive Democratic nominee Kamala Harris has not had much time to roll out an economic platform. She was expected to do so this week, though what she unveils might … Read more
Trump “No Tax on Tips” Proposal: Details & Analysis Skip to content Home • Blog • Frustrated with Tipping? No Tax on Tips Could Make It Worse 72 percent of Americans have seen an expansion of tipping expectations over the past five years. While some Americans are certainly frustrated about the trend, one recent policy … Read more
Global Tax Agreement: Details & Analysis | EU Global Minimum Tax Skip to content Home • Blog • The Latest on the Global Tax Agreement See Full Timeline In recent years, countries have debated significant changes to international tax rules affecting multinational companies. In October 2021, after negotiations at the Organisation for Economic Co-Operation and … Read more
BEAT Overview The base erosion and anti-abuse tax (BEAT) is a minimum tax (5% in 2018, 10% in 2019 to 2025 and 12.5% after 2025) imposed on applicable taxpayers that make certain base erosion payments to foreign related parties. This tax is in addition to a corporation’s regular income tax liability. Corporations that average at … Read more
The IRS plans to shut down a tax loophole used by large, complex partnerships, allowing the U.S. Department of Treasury to raise an estimated $50 billion or more in revenue over 10 years. The move is the latest in a series of faltering efforts the IRS has taken to hold the ultrawealthy more accountable, and … Read more
Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer. Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy and … Read more
Hunter Biden’s criminal trial on gun charges began with a government lawyer stating that he was being prosecuted for lying on a form to purchase a handgun and not above the law. Hunter Biden pleaded not guilty to three felony charges related to failing to disclose his drug use when purchasing a gun. The trial is taking place in Wilmington, Delaware, and Hunter Biden’s attorney argued that the gun was never used and was disposed of shortly after purchase. Hunter Biden has publicly discussed his drug addiction, and FBI agent Erika Jensen is expected to testify about his messages discussing drug use. If convicted on all charges, Hunter Biden faces up to 25 years in prison.
Britain’s Conservatives plan to explicitly define sex as biological in the Equality Act if they win the election on July 4. They argue that this will strengthen protections for women and girls while ensuring privacy and dignity for all. The Labour Party believes clearer guidance for service providers is needed instead of altering the law. The proposed change would not affect existing protections against discrimination based on gender reassignment.
Key individual and business tax provisions from the Tax Cuts and Jobs Act are set to expire in 2025, including the maximum ordinary income tax rate for individual taxpayers increasing from 37% to 39.6%, the elimination of the 20% pass-through business income deduction, and the halving of the enhanced child tax credit from ,000 to ,000. Corporate taxpayers also face increased tax rates on global intangible low-taxed income, foreign-derived intangible income, and the base erosion and anti-abuse tax.
– The General Health System (GHS) in Cyprus was established five years ago.
– The GHS remains financially viable for the next seven years, with reserves of €590 million.
– The GHS has increased confidence among the public, with 60% of beneficiaries visiting a specialist in the past year.
– The GHS has improved access to health services and quality of life for citizens.
– Plans are underway to reduce waiting times at specialist physicians and publish a strategic plan for 2024-2026.
– The GHS has added four hospitals, two A&E departments, day care centers, at-home palliative care, and additional healthcare professionals and therapies.
– The GHS has imposed fines, carried out investigations, and suspended contracts to ensure oversight and quality of services provided.