Unlike many other pro-growth tax reform provisions, the corporate tax rate isn’t set to expire at the end of 2025, but some policymakers and President Biden have proposed increasing it. The NAM recently talked to Rep. Carol Miller (R-WV), the head of the House Ways and Means Committee’s Supply Chain Tax Team, about how raising … Read more
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
2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more
EURUSD slipped further into the low end on Friday, clipping into 1.0670 before recovering to the 1.0700 handle during the US market session. Political pressure is weighing down the Euro after a wide shift in European voter sentiment tilted towards right-of-centre political parties in European parliamentary elections recently, sparking a snap election in France. On … Read more
Norway and Ireland are set to announce the recognition of an independent Palestinian state, following other European Union members in supporting a two-state solution for lasting peace in the region. The move is seen as a potential positive impact on the peace process between Israel and the Palestinians. Israel has warned against the recognition, stating it could lead to more terrorism and instability in the region.
Gold is likely to hit a new all-time high within weeks, driven by factors such as anticipated interest rate cuts by the US Federal Reserve, continuous gold purchases by the People’s Bank of China, and growing demand from regions like Turkey and the Middle East.
The government is investing in the European Union to achieve a final resolution of the Cyprus problem. Cyprus’ accession to the EU in 2004 is considered the most significant achievement for the country since its establishment in 1960.
Fact: Greek Migration Minister Dimitris Kairidis said that Cyprus is “not alone” on the matter of migration and that Greece supports the initiatives put forward by Cyprus.
Spain’s Socialists won the biggest share of the vote in Sunday’s Catalan elections, dealing a serious blow to more than a decade of separatist governance in Catalonia. The Socialists had 42 seats in the 135-seat chamber, while hardline separatist party Junts was in second place with 35 seats and the more moderate separatist party ERC had 20 seats. The result is an existential threat to separatist governance in Catalonia, which led an illegal independence referendum in 2017. Separatist parties do not have enough seats to form a coalition government, and there is a risk the vote may need to be repeated. Separatist sentiment in Catalonia has decreased, with the pro-independence movement losing energy and unity in recent years.
Fact: In 2010, an EU study stated that just three in 10,000 Cypriots ‘had no relatives’.