ON THIS PAGE 1. Corporate Income Tax (CIT) reduction 2. ETF UCITS 3. Complete overhaul of the tax regime for highly skilled and qualified impatriate workers 4. Profit-participating bonus (prime participative) 5. A new Young Employee Bonus 6. Personal income tax reductions 7. Family wealth management company (SPF or Société de gestion de Patrimoine Familial)Contact … Read more
An economic analysis of the far-right Project 2025 agenda crafted by at least 140 former Trump administration officials shows that the plan would result in higher taxes on working-class Americans and “corporate welfare” for the rich and large businesses. Conducted by the Democrats on the Joint Economic Committee (JEC), the new analysis notes that Project … Read more
Finance Minister Gilles Roth has unveiled details of a package of tax cuts that will cost the state around €500 million a year from 2025, including reductions to personal and corporate taxes, tax credits for single parents and financial incentives for expats.The government has approved plans to adjust tax brackets by 2.5 indexations or 6.4% … Read more
Bulgaria has a unique and rich cultural heritage and a growing tech industry. The country is known for its vibrant folklore traditions and the rapid development of its IT sector. Many entrepreneurs are attracted to Bulgaria and consider it a prime location for starting a business. However, there are specific factors to consider, such as … Read more
The Nicosia municipal swimming pool will be closed for the fifth consecutive summer season in 2024 due to the public sector’s inefficiency and lack of competence. The pool needed a major overhaul after 30 years, but the project has been delayed significantly. The pool was handed over to the Cyprus Sports Organisation for training purposes, leaving the public without an affordable swimming option for several years.
The police branch of the independent union of public employees, Asdyk, expressed dissatisfaction with the finance ministry’s decision to calculate compensation for police officers working during the upcoming elections on June 9 based on the A3 civil service pay scale, which would result in lower payment for the officers.
The Industrial Workers of the World (IWW) is a global labor union that has been organizing in Cyprus since 2020. The IWW stands out from traditional trade unions by being a union for all workers, including minorities, migrants, and sex workers. The IWW is not trying to be friendly with employers and government, unlike traditional unions. The IWW is a horizontal organization that values transparency and full participation rights for all members. The IWW encourages workers to join traditional trade unions as well. In Cyprus, the IWW organizes all workers under one big union, unlike traditional federations divided by profession or sector. The IWW aims to prioritize organizing over mere mobilizing and believes in forming strong relationships with fellow workers.
Border Force staff at Heathrow Airport will go on strike on May 31, June 1 and 2, during the busy school holiday travel period, to protest changes in their working conditions. The PCS union announced that staff in terminals 2, 3, 4 and 5 will also refuse to work overtime for three weeks starting on June 4. Around 300 border force staff previously staged a four-day walkout in April and May. Heathrow Airport has contingency plans to avoid any impact on passenger journeys.
The Detroit City Council approved a 15-year extension of the Renaissance Zone Act, allowing the Detroit Medical Center to continue receiving tax exemptions.
Labour Minister Yiannis Panayiotou reiterated his support for the trade union Segdamelin Peo during a meeting with the Larnaca marina and port managing company Kition Ocean Port. The issue discussed was the company’s decision to employ external contractors for overtime work, which violated the agreement made with the workers in February.