This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. Reporting Highlights Job Promises: Washington lawmakers approved a tax break for data centers to create more jobs in rural Washington, but they can’t say … Read more
POWER HUNGRY | Second in a Seattle Times and ProPublica series about the impact of data centers in Washington. This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Times Watchdog stories dig deep to hold power accountable, right wrongs and create change. This work is made possible by The … Read more
Fact: The Great Sea Interconnector project, a subsea electricity cable linking Cyprus to Greece, is estimated to save an average household consuming five megawatt-hours of electricity annually at least €400 a year.
Corporate subsidies have become a significant problem for the Canadian economy, with Ottawa projected to spend .4 billion on subsidies by fiscal 2028. Economist John Lester’s analysis shows that the majority of these subsidies are ineffective and actually harm the economy. Only 20% of total subsidies have a positive impact on real income. The subsidies also contribute to a fiscal burden, requiring Ottawa to raise taxes or issue debt to cover the costs. The Liberal government’s continued indulgence in corporate subsidies, particularly in the electric vehicle industry, is criticized for not creating the promised jobs of the future and potentially shifting workers from Canadian-owned firms. Scrapping these subsidies could provide an economic boost and free up billions of dollars for other priorities, such as reducing the deficit, cutting taxes, or funding national defense or child care.
Digital Taxation around the World | Tax Foundation Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policies, a significant number of countries adopted unilateral tax measures targeted at digital businesses, … Read more
– Cyprus is considered a reliable business center by Commerce Minister George Papanastasiou.
– The Eastern Mediterranean region can play a role in ensuring Europe’s energy security.
– The Great Sea Interconnector project aims to connect the electricity systems of Cyprus, Greece, and Israel to aid Europe in becoming independent of Russian gas.
– Greek Energy Minister Theodoros Skylakakis warned the Cypriot government about missing deadlines for the interconnector project.
– The Cypriot government is still in the phase of discussing conditions and waiting for Greece’s transmission system operator Admie to submit a cost-benefit analysis of the project.
The government of Cyprus has asked Greece’s Independent Power Transmission Operator (Admie) to carry out a cost-benefit analysis for the Great Sea Interconnector project, which aims to link the electricity grids of Cyprus, Greece, and Israel. The project, previously known as the EuroAsia Interconnector, is estimated to cost €1.9 billion. Cyprus is considering investing €100 million in the project and wants an updated analysis before making a final decision.