Oregon Initiative Petition 17 (IP17), also known as the People’s Rebate, appears on track to qualify for the November 2024 ballot. As of June 14, the measure’s proponents have submitted over 135,000 signatures, well above the 117,173 needed to qualify. If passed, IP17 would significantly increase Oregon’s Corporate Minimum Tax for corporations with annual Oregon … Read more
Britain’s Conservatives plan to explicitly define sex as biological in the Equality Act if they win the election on July 4. They argue that this will strengthen protections for women and girls while ensuring privacy and dignity for all. The Labour Party believes clearer guidance for service providers is needed instead of altering the law. The proposed change would not affect existing protections against discrimination based on gender reassignment.
Proposed changes to the capital gains inclusion rate in Canada are likely to make individual pension plans (IPPs) more attractive to certain business owners as retirement saving vehicles.
The change to the capital gains inclusion rate has created distress among those approaching retirement, particularly business owners, who now face a much higher tax bill than they had planned.
The U.S. Justice Department is moving to make marijuana use a less serious federal crime by recommending it be reclassified as a schedule three drug with lower penalties. This shift could bridge the gap between state and federal cannabis laws, leading to more research, medical use, lighter criminal penalties, and increased private investment in the cannabis sector. President Joe Biden initiated a review of the drug’s classification, and public support for marijuana legalization has significantly increased. Reclassifying marijuana could also benefit cannabis businesses by allowing their shares to be listed on major stock exchanges, receiving more generous tax deductions, and facing fewer restrictions from banks.
Fact: The proposed change in the law on swimming pools in Cyprus from two units to five will not significantly impact the vast majority of community complexes as they will still be categorized as public pools requiring lifeguards.