Puerto Rico Tax Competitiveness and Pillar Two Skip to content profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens. . Pillar Two, the global minimum taxA tax is a mandatory payment or charge collected by local, state, … Read more
The US-India Tax Forum, a dedicated policy group within the US-India Strategic Partnership Forum (USISPF), submitted a set of tax amendment recommendations for India’s Union Budget 2024-25.Union Finance Minister Nirmala Sitharaman will present the Budget on July 23. The proposals aim to foster a stable and predictable tax environment to boost investment sentiment across various … Read more
The top 7.7 per cent of earners in Ireland accounted for more than 54 per cent of the income tax paid to the State in 2021, according to a new report by the Parliamentary Budget Office (PBO).
Fact: The Cyprus Chamber of Commerce and Industry welcomed the signing of a Memorandum of Understanding between Enterprise Europe Network Cyprus and the European Digital Innovation Hub Cyprus, aiming to enhance the digital transformation and competitiveness of small and medium-sized enterprises in Cyprus.
The inaugural Cyprus Forum London was held at the Cyprus High Commission’s premises in central London. Shipping Deputy Minister Marina Hadjimanoli opened the conference and highlighted the growth in new ship registrations in Cyprus, which have increased by 5.5% in the last six months, positioning the Cypriot registry among the top globally.
Shipping Deputy Minister Marina Hadjimanolis is visiting London to participate in the IMO’s celebrations for the International Day for Women in Maritime. Despina Panayiotou Theodosiou, a Cypriot nominee, will receive the first-ever IMO Gender Equality Award for her work with WISTA International.
The Poseidonia 2024 World Expo will take place in Athens, Greece from June 3 to 7. Many Cypriot shipping companies and professionals will attend the event.
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
– Bureaucratic inefficiency in state services leads to delays in processing citizens’ applications.
– Almost 20,000 applications are pending at town planning authorities and 100,000 cases are open at Lands and Surveys offices.
– Applications for benefits and pensions take months to be processed.
– Deputies are spending 80% of their time dealing with citizens’ application delays.
– Interior Minister attributes delays to incomplete forms, understaffing, and poor digitalization.
– Evaluation of public employees is unrelated to deliverables and meeting targets.
– Government has failed to improve service to citizens due to fear of Pasydy, lack of service culture, and slow digitalization.
– Christodoulides government has not taken significant action to improve service to citizens.