This blog post was updated on August 2, 2024, to clarify that the Inflation Reduction Act was adopted in 2022. It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her record as a US senator and her short-lived 2020 presidential candidacy shows that she has … Read more
New Delhi: The Central government has so far this year collected ₹4.62 trillion in direct taxes after adjusting for refunds, marking a 20.99% growth annually, the Central Board of Direct Taxes (CBDT) said on Tuesday quoting provisional figures. This includes corporate taxes of ₹1.8 trillion and personal income tax of ₹2.81 trillion. The personal income tax … Read more
There are insinuations concerning the incidence of double taxation being experienced in some quarters by persons or groups within our economy. Those being affected by this menace are seriously lamenting as a result of the repetitive nature of taxes and levies that they have been forced to be exposed to or suffer more than once … Read more
The investigation by the Independent Authority Against Corruption (IAAC) into Makarios Drousiotis’ book “Mafia State” intensified with a hearing focused on the chapter “A Spy in the Palm of My Hand.” Drousiotis presented evidence of being surveilled through electronic devices, raising questions about potential police involvement. The book details his experience of approaching the police with suspicions of being monitored through malware. The investigation also looks into the events surrounding Russian oligarch Dmitry Rybolovlev’s divorce in Cyprus, alleging involvement of a law firm with ties to the former president, questionable legislative amendments, favorable court rulings, and suspicious financial transactions. Former President Nicos Anastasiades has denied all allegations. Gabrielle Louise McIntyre is leading the IAAC inspection team, with witness testimonies ongoing. Sophie in ‘t Veld warned in 2023 that individuals in public life are at risk of surveillance, emphasizing the importance of accountability in democracy.
Fact: SEPA transfers offer a standardized, quick, and cost-effective method for transferring euros between bank accounts in its member countries in Europe.
The Kenya Revenue Authority (KRA) plans to install a new transfer pricing database to gather and compare transactions made by multinational firms to prevent tax evasion.
Fact: MPs called for more transparency over the social support fund managed by the First Lady during a House ethics committee meeting.
The probe into corruption allegations against President Anastasiades, raised by investigative journalist Makarios Drousiotis in his book “Mafia State,” starts tomorrow. Drousiotis, a former aide to Anastasiades, has written three books accusing the political elite of corruption. A special investigative panel has been formed, led by Australian expert Gabrielle Louise MacIntyre, to explore the allegations in the book. Former President Nicos Anastasiades is implicated in controversial dealings, including with Russian oligarch Dmitry Rybolovlev. One focus of the investigation is allegations of surveillance and misconduct within the Cyprus Police, as detailed by Drousiotis.
Fact: LaFinteca is a pioneer in the Latin American financial transactions landscape, providing a secure platform for processing transactions and offering a wide range of payment methods.
The Audit Office reported that the justice ministry needs to develop a reliable internal audit system for receipts and payments, highlighting weaknesses in compliance with relevant laws and regulations regarding spending for the fiscal year 2022. It found irregularities in the disbursement of down payments for programmes related to the National Mechanism for Women’s Rights, with payments made without supporting documentation for actual expenditures. The Audit Office recommends legal action against recipients of these funds and deducting the amount given from the next state grant if beneficiaries also receive an annual state grant. It noted issues with invoices under the National Mechanism for Women’s Rights lacking supplier details and receipt dates. The report also mentioned that parole supervisors are overburdened, affecting their performance, and recommended setting a maximum number of parolees per supervisor. Additionally, it flagged the use of a building by the justice ministry without a final certificate of approval, a discrepancy in inmate account balances at prisons, and overpayments to two retired prison guards. The fire service was noted for not having dedicated functionaries to check invoices before payments, and a separate report was published for the police force in November 2023.