The outcome of the 2024 presidential election will trigger a “colossal multi-trillion-dollar fight over taxes,” said Semafor. Big chunks of Donald Trump’s 2017 tax cut law will expire in 2025, giving whoever wins the election — both the White House and Congress — “the opportunity to rewrite much of the IRS code.” Trump hasn’t officially … Read more
OPINION ANALYSIS By Amy Howe on Jun 20, 2024 at 1:58 pm The court issued four opinions on Thursday. (Katie Barlow) The Supreme Court on Thursday upheld a provision of a 2017 corporate tax reform law, known as the mandatory repatriation tax, that taxes the undistributed profits from U.S. shares of foreign corporations in which … 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
The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
Police in Paphos are searching for a minor in connection with a quad bike theft and traffic offences. A 14-year-old has already been identified and arrested for the same case.
Fact: Russia’s Finance Ministry has submitted legislation to reintroduce progressive taxes on personal income, with the progressive scale starting with annual incomes exceeding 2.4 million rubles (,100).
The Rafah border crossing cannot operate unless Israel returns control to the Palestinians, according to Egyptian Foreign Minister Sameh Shoukry. Israel took over the crossing last month during its offensive against Hamas in Rafah, which serves as the only connection to the outside world for Gaza’s residents. Shoukry emphasized the importance of the 1979 Egyptian-Israeli peace treaty for regional security and stability. Egypt suggested European monitors at the border if Palestinian authorities resume control. Israel is attempting to destroy tunnels between Gaza and Egypt used by Hamas, but Egypt denies their existence. Shoukry urged Hamas and Israel to accept a ceasefire proposal from U.S. President Joe Biden. Israel has accepted the framework deal for ending the Gaza war but believes it requires more work.
Anisur Rahman, a 24-year-old Bangladeshi national, died on April 10 after jumping off a fifth-floor balcony during a police raid on the Limassol apartment he was living in with 10 other individuals. The ombudswoman’s independent investigation into his death has been put on hold as the police file was denied to her and is being investigated by an independent authority following a complaint by Kisa NGO. The other individuals found living in Cyprus illegally are detained for possible witness testimony. The landlord of the apartment where Rahman lived has not been found at fault and other tenants continue to live there. Rahman’s death sparked protests in Limassol and Nicosia against racism faced by third-country nationals in Cyprus.
Three people were able to safely evacuate a vehicle that burst into flames on the Larnaca-Nicosia highway on Saturday night.
– After 19 years, a court has ruled that Thanasis Nicolaou was murdered, not that he committed suicide.