Tim Maloney | Special to the Canton RepositoryThese are bad times for small businesses.We’re getting hit from every angle — inflation, over-regulation, worker shortages, you name it. But the situation could soon get even worse.Congress and the White House may let one of the most important small business tax cuts in American history expire, hitting … Read more
Breadcrumb Trail Links Personal Finance Taxes Kim Moody: A corporation in Estonia pays zero corporate tax unless and until profits are distributed to its shareholdersPublished Jul 30, 2024 • Last updated 9 hours ago • 4 minute read Prime Minister Justin Trudeau looks on as Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks at … Read more
A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more
Fact: The governments of Cyprus and Egypt signed a memorandum of understanding to facilitate Egyptian nationals wanting to work in Cyprus.
Water being pumped into the north from Turkey was cut off on Tuesday due to a fault at the pumping station near Panagra.
– Treasury secretary Steven Kennedy defended Australia’s company tax rate as appropriate and supportive of a sustainable federal budget.
– Australia’s tax system is not considered uncompetitive compared to global standards.
– Large companies in Australia are subject to a federal tax rate of 30%, while small or medium businesses face a 25% rate.
– The limited supply of new dwellings is making houses unaffordable for households.
– The pandemic has contributed to sluggish construction in the housing market.
– Supply chain bottlenecks and inflated costs of materials and financing are compounding existing structural issues in the housing market.
Aircraft shortages have allowed airlines like Frontier Airlines and Wizz Air to sell new planes to leasing companies at higher prices than they paid, resulting in gains of hundreds of millions of dollars. The tight airliner market has made sale-and-leaseback transactions more attractive, with US airlines accounting for a larger share of these deals. New aircraft prices are 20% higher than pre-pandemic levels, leading to soaring lease rates. Airlines are spending 30% more on aircraft leases than before the pandemic.
Claudia Sheinbaum is set to win a landslide victory to become Mexico’s first female president, with provisional results showing her leading with 59% of the vote.
South Africa’s ruling party, the African National Congress (ANC), saw a decrease in its share of the vote to 40% in the recent election, down from 57.5% in the previous election. This weakened mandate means the ANC must share power with a rival party in order to stay in power, which is an unprecedented situation.
The International Monetary Fund praised Cyprus for its strong economic performance, commending the country for its substantial primary surpluses, efforts to reduce public debt, quick recovery from the pandemic, and resilience in dealing with external shocks. The IMF recommended measures to further strengthen the economy, including phasing out electricity subsidies and VAT exemptions, and advised against further cost-of-living adjustments to wages. Other recommendations included reforms to the justice system, labor markets, and vigilance regarding systemic risks in the real estate market.