IRS is focused on Businesses since the passage of the Inflation Reduction Act. Under the Strategic Operating Plan (funded by the Inflation Reduction Act), the IRS is increasing audit rates, expanding enforcement and targeting non-compliance for business taxpayers. IRS compliance efforts are geared towards having the IRS compliance teams better detect tax cheating, identify emerging … Read more
Shareholders at three of the world’s largest oil companies recently turned down tax transparency proposals from an activist investor. At Chevron, a proposal to publicly report the company’s earnings and tax bills in every country where it operates was defeated on May 29; 85% of votes were against the proposal. The shareholders followed recommendations from … Read more
The content discusses various topics that Herald readers have opinions on, including raising corporate taxes in Boston, support for Israel, unrest on college campuses, and the need to maintain civility during the Celtics playoffs.
The text discusses letters to the editor of the Herald Times Reporter, with one letter supporting a 0.5% sales tax increase in Manitowoc County to address budget issues.
Clubs, music venues, and cabarets in Cyprus can now operate with extended hours, from 8:00 pm to 4:00 am on Mondays to Thursdays and Sundays, and until 5:00 am on Fridays and Saturdays. The extended hours were approved by the Deputy Ministry of Tourism and will be in effect until September 30. The Cyprus Association of Entertainment Venue Owners has not yet commented on the new regulations, which only apply to specific categories of venues.
A legal dispute has arisen regarding the future of workers at Larnaca Port and Marina after a development project collapsed. The contracting company, Kition Ocean Holdings, transferred the workers to the state instead of sending termination letters. Trade unions argue that proper termination letters are needed for the workers to be reassigned to the Development Company. The company claims they followed the TUPE law to protect the workers’ rights during the transfer. The workers met with the Mayor to express their concerns, and further discussions are scheduled.
Members of the public have been waiting for up to three years to hear back from the social welfare department, which takes an excessively long time to address appeals and requests, according to Ombudswoman Maria Stylianou Lottides.
Employees of Larnaca’s port and marina received termination letters from Kition Ocean Holdings Ltd following the project’s collapse. The meeting between the workers’ representatives and the Ministers of Labour and Transport was postponed until Thursday afternoon. The workers were assured that a solution would be found to ensure they are not victimized, and discussions were held regarding their employment status. The new operator taking over the port’s operations should employ the current workers under the same terms and conditions. The President of the Republic reassured that there should be no concern for the workers regarding the port issue. The €1.2 billion contract with Kition Ocean Holdings was terminated by the Minister of Transport, Communications, and Works.
– After 19 years, a court has ruled that Thanasis Nicolaou was murdered, not that he committed suicide.
The Cyprus Institute (CyI) won a Parliamentary Assembly of the Mediterranean (PAM) Award for its research and educational activities addressing the climate crisis in the Eastern Mediterranean and Middle East (EMME) region.