Wealth Tax Impact: Details & Analysis | Tax Foundation Skip to content Colombia, Norway, Spain, and Switzerland. Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on … Read more
The United Nations High Commissioner for Refugees (UNHCR) in an announcement expresses deep concern for the safety and well-being of approximately 31 asylum seekers, including seven children, who are trapped in the buffer zone (BZ) in Cyprus. It is noted that “Five of them entered the Pournara reception centre to apply for asylum after crossing … Read more
The latest meeting between Turkish Cypriot farmers and the north’s ‘government’ over the ongoing dispute regarding imported meat ended without result on Friday, the north’s animal producers’ and breeders’ union chairman Mustafa Naimogullari said on Friday.Naimogullari had met with ‘prime minister’ Unal Ustel, ‘finance minister’ Ozdemir Berova, ‘agriculture minister’ Huseyin Cavus, and ‘economy minister’ Olgun … Read more
Germany and Europe are preparing for two significant events: the European Parliament elections and the UEFA EURO 2024 football tournament in Germany. The German Ambassador to Cyprus expressed concern about the rise of right-wing parties in the elections and emphasized Germany’s support for a solution to the Cyprus issue based on UN resolutions. Germany aims to host EURO 2024 as a symbol of cohesion in Europe, promoting sustainability, diversity, and inclusion. Germany also advocates for a strong and united EU, despite facing challenges like Putin’s war in Ukraine. The 2004 enlargement of the EU serves as a lesson on the importance of unity and speaking with one voice in foreign policy. Germany’s proposals for EU decision-making reform aim to ensure the Union remains capable of action. Germany is committed to supporting Cyprus in finding a comprehensive solution to the Cyprus issue, emphasizing the importance of confidence-building between Greek-Cypriot and Turkish-Cypriot communities.
The “All eyes on Rafah” campaign is gaining traction in Western Europe, Australia, and India, aiming to raise awareness about the conflict in Gaza, which has resulted in the deaths of at least 36,171 Palestinians. Israeli forces have intensified their assault on Rafah, prompting global attention and support for the residents seeking refuge from the violence. Social media, including platforms like TikTok and Instagram, has seen a massive outpouring of support with millions of users sharing the hashtag #AllEyesOnRafah. The campaign has coincided with international condemnation of Israel following airstrikes that resulted in civilian casualties. Israeli military operations in Rafah have continued despite the heightened scrutiny and criticism.
Egypt has detained students promoting pro-Palestinian boycotts and solidarity campaigns, along with many others protesting against Israel’s military campaign. At least 125 people have been arrested since the Gaza war began in October, with 95 still in pre-trial detention. The crackdown on dissent in Egypt has intensified since 2013, with tens of thousands arrested for speaking out against the government. Public demonstrations are outlawed, and authorities fear protests over the Israeli-Palestinian conflict could fuel political dissent.
16 people were killed and 35 wounded in U.S. and British strikes on Yemen’s Hodeidah province. The strikes targeted a radio building in Al-Hawk district and port of Salif. The U.S. and British militaries launched strikes against Houthi targets in Yemen to deter the militant group from disrupting shipping in the Red Sea.
Sean ‘Diddy’ Combs settled a lawsuit brought against him by his then girlfriend Cassandra Ventura, accusing him of sexual and physical violence over more than a decade.
The Cyprus Contemporary Dance Festival is featuring seven unique performances at the Rialto Theatre, including “The End – part 2” by choreographer Arno Schuitemaker. The performance explores themes of togetherness, connection, and solidarity, blurring the line between seeing and being seen. It features three performers who expose different sides of themselves while breaking physical boundaries.
The government terminated its contract with Kition Ocean Holdings, causing concern among employees about their future. Trade unions met with the Minister of Labour to ensure workers’ continued employment would be prioritized. The government plans to follow labor laws in handling the situation. The Municipality of Larnaca expressed solidarity with the employees, while PEO opposes the privatization of Larnaca Port and demands protection for Kition workers. The General Secretary of OMEPEGIE-SEK stated that the Minister of Labour assured them that the workers would be employed under a new regime to prevent victimization.