Unless corporations and the wealthy pay their fair share of taxes, the US will struggle to address numerous pressing challenges, including rising inequity, deteriorating national infrastructure, and the urgent demands of climate change.The 2017 Tax Cuts and Jobs Act slashed the corporate tax rate from 35% to 21%. It also gave corporations other tax breaks, … Read more
Wealth Tax Impact: Details & Analysis | Tax Foundation Skip to content Colombia, Norway, Spain, and Switzerland. Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on … Read more
The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
A tremor of 4.3 on the Richter scale was recorded off Kythnos on Sunday at 11:53. The epicentre of the tremor was located 83 kilometres northeast of Athens.
A campaign has been launched to raise awareness about viral hepatitis and HIV in Cyprus, coinciding with ‘World Hepatitis Day’. The Health Minister emphasized the importance of equal access to quality health services for the diagnosis and treatment of these diseases. Viral hepatitis is the second leading infectious cause of death worldwide, with deaths increasing to 1.3 million globally in 2022. The World Health Organization aims for comprehensive screening for viral hepatitis by 2030. An initiative called ‘KYFA Checkpoint’ was presented at the press conference, offering free tests for interested individuals.
Island Oil and Frederick University signed a Memorandum of Understanding to collaborate in the field of Maritime and Blue Economy. Island Oil offers scholarships covering 50% of tuition fees for students pursuing a BSc in Maritime Studies at Frederick University, as well as financial support for educational field trips. Island Oil and Frederick University will also hold educational workshops and collaborate in research. Island Oil’s CFO stated that the scholarship reflects their commitment to sustainability and social responsibility, while Frederick University aims to educate future leaders in the maritime sector and contribute to sustainability efforts.
Supermarkets in Cyprus are being urged to disclose the percentage deduction when advertising special offers. In one case, out of 21 products on offer, the prices of 20 were higher than another supermarket that did not have offers. This has led to calls for supermarkets that mislead the public over special offers to be named and shamed.
World leaders are considering a global tax on the world’s richest people, but the U.S. does not support the idea.
The Green Agenda Cyprus Summit highlighted the vision and actions necessary for the green transition of the Cypriot economy. Hellenic Bank is committed to achieving carbon neutrality by 2050 and has set clear goals and indicators to reduce its environmental footprint. The bank offers specialized green products to combat climate change and improve energy efficiency. Cyprus Agriculture Minister introduced a pilot program for green roofs, and the Energy Minister expressed caution regarding hydrogen usage. European Commissioner for Climate Action emphasized Cyprus’ potential in renewable energy and the importance of investments in sustainable transport. European Commissioner for Health and Food Safety highlighted the health impacts of the climate crisis, including heatwaves and air pollution.
The Troodos astronomical observatory was officially unveiled in Agridia, Cyprus, as part of the EU project ‘Geostars’ aimed at promoting similar endeavors in Cyprus and Greece. The project was co-funded by the EU and the governments of both countries, with a budget of €2,678,400. The observatory will be used to promote the development of mountainous areas and attract investments in alternative tourism.