It all seemed too good to be true: a global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders.At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with … Read more
Cyprus and Greece are pushing the European Union to prioritize its own defense industry in providing military aid to Ukraine. Despite an existing agreement allowing arms purchases from non-EU countries, the two countries argue that aid should benefit the European defense sector. Hungary is currently hindering the release of a €500 million package from the European Peace Facility intended for Ukraine’s military, citing concerns about discrimination against Hungarian companies in Ukraine as a reason for blocking the disbursement. Discussions are ongoing to bypass a potential Hungarian veto and expedite the flow of funds to Ukraine.
– A sixth consecutive working day of protests took place between the north’s ‘government’ and Turkish Cypriot farmers over a decision to import meat from the Netherlands.
– A larger number of trade unions from other sectors of Turkish Cypriot society joined the farmers’ unions in solidarity.
– The ‘government’ offered to meet with union representatives at the north’s ‘parliament’ building instead of in the ‘prime minister’s’ office, which was rejected by the protesters.
– The ‘government’ had announced a decision to import meat from the Netherlands to bring down prices for consumers, but farmers believe they are being undercut by the Dutch meat. ‘Ministers’ have consistently insisted that there will be “no stepping back” from the policy.