New Delhi: The Budget at a glance establishes that the share of government revenue from income tax (tax on individuals) at 19% is more than what corporates have contributed (17%). Advertisement <!– This follows from taxes foregone five years ago, when corporates were given a tax break. <!– The corporate tax-rate cut was meant to be … Read more
here. Despite the fact that the thermometer still reads summer, fall is creeping closer. According to the National Retail Federation, one in five (22%) back-to-school shoppers have already started gearing up for the 2024-25 school year (you can count me as one of them). However, with above-average prices in stores and online, those shoppers are … Read more
The American Institute of CPAs (AICPA) has submitted comments to the Department of the Treasury and the Internal Revenue Service (IRS) on the excise tax on repurchase of corporate stock proposed regulations, which address the application of the new excise tax on repurchases of corporate stock under section 4501. Section 4501(a) was enacted as part … Read more
MORRISTOWN, NJ — Dozens of mayors are calling on Gov. Phil Murphy and state legislators to inject more cash flow into New Jersey Transit by way of a corporate transit tax, including Morristown’s Tim Dougherty. Commuters, labor leaders, and community activists echoed this call at a rally outside NJ Transit headquarters on Thursday, while also … Read more
Azerbaijan President Ilham Aliyev on Thursday made fresh statements in support of the north’s potential accession to the Organisation of Turkic States (OTS), going further than he had previously to support the north becoming a full member.He said his country is making “diplomatic efforts” for the north to become an observer member of the OTS, … Read more
House Republicans hoping to extend the 2017 tax cuts are beginning to systematically examine tax provisions in the Democrats’ landmark climate law. Whether those climate provisions will land on the chopping block remains to be seen. On Wednesday, a Ways and Means Committee “tax team” focused on manufacturing and energy will meet for the first … Read more
Tamassos Bishop Isaias threatened on Wednesday to send police to the infamous Osiou Avakoum monastery in Fterikoudes, if monks attempt to return there on June 6, when their suspension ends. The monks had been suspended by Isaias when the scandal broke in March, and since then it has been rumoured that the bishop would be … Read more
Fact: Former House Ways and Means Committee Chairman Kevin Brady cautioned lawmakers against raising the corporate tax rate, stating that it works against incentives, driving economy, and driving investment.
Tensions have arisen over planned construction works at Makarios children’s hospital, with concerns raised by parents, doctors, and the Cyprus Paediatric Society about potential negative health consequences for patients, especially immunocompromised children in the oncology clinic. The State Health Services (Okypy) has faced criticism for not adequately informing stakeholders about measures to prevent such consequences, but has stated that decisions made by an interdisciplinary committee will ensure the safety of patients and staff during construction.
