Capital Allowances in Europe, 2024 | Tax Foundation Skip to content capital allowances play an important role in a country’s corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A narrow tax base is non-neutral and inefficient. A … Read more
R&D Tax Subsidies in Europe | Tax Subsidies for R&D Expenditures Skip to content R&D tax incentives. These generally take two forms, namely patent boxes—taxing income derived from intellectual property at a rate below the statutory corporate income taxA corporate income tax (CIT) is levied by federal and state governments on business profits. Many companies … Read more
Cyprus has the second-highest carbon emissions per capita in the European Union.
Cyprus ranked at the top of Europe in terms of the quality of its bathing waters in 2023, with 97.6% of the surveyed bathing waters on the island receiving an ‘excellent’ score.
Cyprus has the best bathing water quality in Europe, with 97.6% of its sites rated as excellent in 2023. Coastal waters generally have better quality than inland waters, but ongoing pollution challenges persist due to urban wastewater and agricultural runoff. Austria, Croatia, and Greece also have high-quality bathing waters, while countries like Albania, Belgium, Estonia, Hungary, and Poland lag behind. The report emphasizes the need for improved pollution management to address poor-quality waters and identifies climate change as a potential threat to water quality in Europe. Legislative measures such as the Bathing Water Directive and the Water Framework Directive are in place to protect water quality, but continued vigilance and adaptation are necessary to preserve it.
The text discusses net operating loss (NOL) tax provisions in Europe for the year 2024. It mentions that businesses can carry forward their losses for an unlimited number of years in some European countries, while others have time limits. The text also highlights the restrictions on carryback provisions and deductibility limits imposed by certain countries. Additionally, it mentions recent changes in carryover provisions in countries like Belgium, Romania, and Germany.
The UEFA European Under-17 Championship finals begin in Cyprus today, with sixteen national teams competing for the title. Cyprus is in Group A with the Czech Republic, Ukraine, and Serbia, aiming to advance to the knockout stages. Other matches today include Serbia vs. Ukraine, Denmark vs. Wales, and Croatia vs. Austria.
Nicosia is ranked as the fifth-best city in Europe for coffee lovers, with the most hours of sunshine and the least amount of rainfall over the summer months.
The European Commission will reinforce Cyprus’ firefighting fleet with two aircraft this summer, amid increased risks of forest fires.
Swiss advocates for non-binary rights celebrated Nemo’s victory in the Eurovision Song Contest, urging authorities to recognize those who identify as neither male nor female. Nemo, a Swiss musician using they/them pronouns, won the contest in a politically charged night in Malmo, beating out Croatia’s Baby Lasagna. The victory comes after the Swiss government rejected proposals for a third gender option in official records. Sibel Arslan, a Green Party lawmaker, praised Nemo’s win and highlighted the relevance of enabling non-binary designations. An Ipsos poll revealed that 6% of Swiss respondents identified as transgender or non-binary, the highest proportion among surveyed countries. Nemo’s winning song, “The Code,” describes their journey as a non-binary person. Despite public opposition, the youth wing of the Green Liberal Party called for Switzerland to break with binary gender designations.