JetBlue sues Florida over $631K corporate tax dispute

JetBlue sues Florida over $631K corporate tax dispute

JetBlue Airways is suing the Florida Department of Revenue over $631,000 in corporate taxes, arguing the state unlawfully extends its geographical boundaries, resulting in unconstitutional double taxation. JetBlue Airways initiated legal action against the Florida Department of Revenue on July 19, challenging an assessment of additional corporate income taxes for the years 2019 to 2021. … Read more

JetBlue Airlines suing Florida over what it calls too much in corporate income tax

JetBlue Airlines suing Florida over what it calls too much in corporate income tax

JetBlue Airways is suing the state of Florida for overcharging the airline by more than $631,630 in corporate income tax, according to its complaint that was filed in Leon County.The complaint, filed July 19 in Leon Circuit Civil court, says the airline contested the “entire amount of the additional corporate income tax for the years … Read more

Decrease in Arkansas Income and Corporate Taxes Allow for State’s Further Economic Growth

Decrease in Arkansas Income and Corporate Taxes Allow for State's Further Economic Growth

LITTLE ROCK (KATV) — The most recent reduction in tax was in the General Assembly’s Special Session in June of this year. The top corporate tax was reduced from 4.8% to 4.3%, as well as the individual income tax rate being reduced from 4.9% to 3.9%.The Arkansas General Assembly and Governor Sanders have passed three … Read more

WTI drops to $81.50, Saudi oil exports to China rebound

WTI drops to $81.50, Saudi oil exports to China rebound

West Texas Intermediate (WTI) extended losses for the third session, trading around $81.50 per barrel in Asian markets on Tuesday. Crude oil prices faced pressure after Hurricane Beryl, which struck a key US oil-producing hub in Texas, caused less damage than anticipated by markets. Despite slowdowns in refining activity and evacuations at production sites, major … Read more

Cyprus remains a prime investment destination

Cyprus remains a prime investment destination

Cyprus remains a prime destination for investors eyeing lucrative deals in the real estate sector, as the island offers a variety of investment opportunities for both local and foreign investors, according to a leading real estate company. The biggest opportunity at the moment is on the south east coast, in Larnaca, as the government moves … Read more

Yellow weather warning, temps to hit 41C

Yellow weather warning, temps to hit 41C

Wednesday will be clear and hot with a yellow weather warning in place for temperatures at 41C in the interior 34C on the south and east coasts, 33C on the north coast, and 31C on the west coast and in the higher mountains. Winds will initially be variable and light, 3 Beaufort, gradually turning south- … Read more

Hottest June since 1991, orange warning

Hottest June since 1991, orange warning

Cyprus recorded the hottest June in 23 years, with inland temperatures reaching an infernal 43.6 degrees Celsius on Wednesday, and expected to rise further to a record 44C on Thursday. The Met Office issued an Orange Alert saying that maximum temperatures on Thursday are expected to reach around 43-44 degrees Celsius over the central plain … Read more

44 C on Friday but heat to ease “noticeably” on the weekend

44 C on Friday but heat to ease “noticeably” on the weekend

The weather on Friday will be mainly fine, although localised increased cloudiness in the early afternoon may bring isolated showers, mainly in the mountains. Winds will be light and variable, becoming light to moderate southeasterly, with speeds of 3 to 4 Beaufort. The sea will be smooth to slight. Temperatures are expected to reach around … Read more

UK D-Day veteran says on 80th anniversary: , ‘We were making history’

UK D-Day veteran says on 80th anniversary: , ‘We were making history’

Fred Ayton, a Royal Navy veteran, was an 18-year-old able seaman torpedoman on HMS Sweetbriar during the D-Day invasion on June 6, 1944. He was told he was “making history” by taking part in the biggest ever seabourne invasion.

Yellow weather warning for heatwave

Yellow weather warning for heatwave

– 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.