June 20, 2024 Click for PDF Moore v. United States, No. 22-800 – Decided June 20, 2024 Today, in a case widely seen as a test of Congress’s ability to enact wealth taxes, the Supreme Court held narrowly that Congress did not violate the Sixteenth Amendment by requiring U.S. shareholders to pay a one-time tax on … Read more
June 6, 2024 Click for PDF Connelly v. United States, No. 23-146 – Decided June 6, 2024 Today, the Supreme Court unanimously held that the proceeds from a life insurance policy taken out by a corporation to redeem a decedent shareholder’s stock are a corporate asset for federal estate tax purposes. “An obligation to redeem shares … Read more
– The first ever Coffeeshop appeared in 1991 on April 21.
– The rejection of the Annan plan by 76% of the Greek Cypriot population was celebrated as a victory.
– The audit report on the foreign ministry for the 2021-22 period revealed a diplomat unlawfully collecting an overseas posting allowance.
– Deputies in Cyprus receive various perks and privileges, including multiple pensions.
– The chairman of Hellenic Bank accepted a mediation proposal by the labor minister regarding the renewal of the collective agreement.
Finance Minister Makis Keravnos receives both a pension as a former Finance Minister and a salary as the incumbent, which is allowed by relevant legislation. He raised concerns about this arrangement but was told it was legal. Other officials like Marios Garoyian and Yannakis Omirou have chosen to waive their pensions in similar situations. The issue of multiple pensions for government officials remains a significant challenge for society and needs to be addressed urgently.
Opposition MPs criticized Agriculture Minister Maria Panayiotou for refusing to compensate farmers who used waste material other than compost as fertilizer. The minister cited a legal opinion from the attorney-general stating that compensation is only awarded to farmers who used compost with specific specifications. The MPs argued that the farmers were being “victimized” for purchasing off-specification compost from a company listed as an approved seller on the ministry website. The minister refused to break the law and insisted on following legal procedures.