The Future of Professional Report highlights the significant impact of Generative AI (GenAI) on business strategies, with 94% of C-suite executives believing it will substantially alter their plans. Corporate tax leaders must embrace and integrate GenAI to succeed in the rapidly evolving digital landscape. However, effective integration requires careful planning and preparation. To leverage this … Read more
Unlike many other pro-growth tax reform provisions, the corporate tax rate isn’t set to expire at the end of 2025, but some policymakers and President Biden have proposed increasing it. The NAM recently talked to Rep. Carol Miller (R-WV), the head of the House Ways and Means Committee’s Supply Chain Tax Team, about how raising … Read more
The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, remained stable in June, as a result of opposing trends within the economic indicators composing the CCLEI, the University of Cyprus said in a monthly report. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the … Read more
The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading financial advisory and fintech. The bullish prediction from deVere Group’s Nigel Green comes as major financial institutions rush into the UK’s currency, which … Read more
As Kentucky looks to grow its economy, the business community has successfully advocated for many priorities to create a more competitive tax system to help the state become more attractive for businesses and workers. Dr. Charles Aull, Executive Director for the Kentucky Chamber Center for Policy and Research, and Kevin Fuqua, CPA, Regional Service Tax … Read more
Building on the strong show seen in financial year 2023-24, Net Direct Taxes collections have surged 19.54 per cent to ₹ 5.74-lakh crore till July 11 this fiscal, official data released by CBDT showed.In the same period (upto July 11) last fiscal, the net direct tax collections stood at ₹4.80-lakh crore.The latest reading of ₹5.74 … Read more
(The Center Square) — Several tax changes took effect on Monday, the start of fiscal 2025, including a decrease in Georgia’s personal and corporate income tax rates. House Bill 1015 lowers Georgia’s personal income tax rate to 5.39% from 5.49%, while HB 1023 sets the corporate income tax rate — previously 5.75% — to the same level as … Read more
Deloitte Cyprus has appointed three new partners, Yiannis Ioannides, Andreas Yiouselli, and Panayiotis Marinou, in the Risk Advisory and Tax & Legal practices effective from June 1, 2024. The new partners have distinct skillsets in cyber, corporate affairs, and local and international tax advisory that are significant to the market. CEO Pieris Markou stated that becoming a partner is a significant career milestone earned by merit and recognition of passion and dedication. The new partners exemplify outstanding leadership capabilities and have made significant contributions to the organization’s growth. Markou emphasized the diverse and deep expertise present throughout the organization and expressed confidence in the positive impact the new partners will have on clients, employees, and society.
Hermes Airports partners with KEAN and Foody for the “Green Lemonade” project, selling homemade lemonades to support the Cyprus Department of Forests. The project involves collecting lemons from airport trees, producing lemonade without preservatives, and using proceeds for environmental initiatives. The collaboration aims to promote sustainable development and circular economy practices, giving back to nature through green actions.
Increased interest income from successive interest rate hikes by the European Central Bank significantly boosted Cypriot banks’ profits in the first quarter of 2024, with the Bank of Cyprus reporting a 31% increase in net interest income and Hellenic Bank seeing a 40% rise.