Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire and release of hostages. President Nikos Christodoulides stated on Friday that he, “fully endorses (the statement by) Presidents Joe Biden, Abdel Fattah el-Sisi … Read more
West Texas Intermediate (WTI) extended losses for the third session, trading around $81.50 per barrel in Asian markets on Tuesday. Crude oil prices faced pressure after Hurricane Beryl, which struck a key US oil-producing hub in Texas, caused less damage than anticipated by markets. Despite slowdowns in refining activity and evacuations at production sites, major … Read more
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.
– The collection of personal income tax and indirect taxes has increased, while collections from corporate taxes have reduced.
– India’s net direct tax collections grew 17.7% in 2023-24 to hit Rs.19.58 lakh crores.
– The share of corporate taxes contribution to overall tax collection dipped to 46.5% from 49.6% in 2022-23.
– Indirect taxes, including union excise duties and the Goods and Services Tax, have increased from 2010-11 onwards.
– The majority of individuals filing personal income tax have an annual income ranging from Rs 1 lakh to Rs. 5 lakh.
– India has among the highest effective personal income tax rates among BRICS economies.
– Rising share of personal income tax and indirect taxes can lead to income inequality, consumer burden, economic inefficiency, tax evasion, and macroeconomic instability.
Digital Taxation around the World | Tax Foundation Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policies, a significant number of countries adopted unilateral tax measures targeted at digital businesses, … Read more
Israel is conducting an assault on Hamas in Rafah, the last Gaza Strip city not yet targeted by a ground offensive. The Israeli military is focusing its attacks on areas in the north of Gaza where they had previously withdrawn troops. Aid agencies have expressed concern over the potential humanitarian crisis in Rafah, where over 1 million people have been displaced. Israeli strikes in the past 24 hours have killed at least 79 Palestinians, with heavy shelling reported in northern Gaza and suburbs of Gaza City. Residents are questioning the reasons for the renewed violence, with one resident suggesting it may be due to aid finally reaching the area. The Israeli military has not provided immediate comment on the recent developments.
A National Council meeting will take place on Friday, where President Nikos Christodoulides is expected to brief party leaders on the latest developments over the Cyprus problem.
Partnerships are facing new reporting requirements, increased information demands, and heightened IRS enforcement efforts this tax season. The checklist for the tax year 2023 highlights key factors partnerships should consider before filing, such as using estimates, documenting allocations, special considerations for lower-tier partnerships, and the impact of recent developments and updated forms.
Foreign Minister Constantinos Kombos emphasized the importance of de-escalation and self-restraint in the Middle East during an informal teleconference of EU foreign ministers. The government is deeply concerned about recent developments and will continue discussions at the Foreign Affairs Council meeting on Monday.
The paediatric clinic of Makarios hospital handles between 30 and 40 new benign and malignant haematological and oncological cases every year.