Abstract This paper offers a comprehensive analysis of Spain’s corporate tax system through the lens of the Laffer curve and Buoyancy index, assessing its efficiency in generating revenue. The study finds that Spain is nearing the Laffer curve’s optimal tax rate, beyond which tax revenue may decrease with rate hikes. The Buoyancy index reveals a … Read more
In Moore v. United States, the U.S. Supreme Court rejected a constitutional challenge to the Mandatory Repatriation Tax (MRT), holding that the MRT does tax income — the realized earnings of foreign corporations — and thus is a constitutionally permissible income tax authorized by the Sixteenth Amendment. The MRT is a “one-time, backward-looking” tax in … Read more
June 20, 2024 June 20, 2024 Today, seven of the nine justices on the U.S. Supreme Court upheld the constitutionality of a tax on offshore corporate profits that was one of the few significant revenue-raisers in the Trump tax law. If the Court had agreed with the plaintiffs in the case — as well as … Read more
Strike action at state hospitals in Cyprus looms as doctors’ unions prepare to announce their next steps on Monday, raising concerns about potential disruptions to healthcare services. The Pancyprian Association of Government Doctors (PASYKI) and the Union of Cyprus Public Employees (PASYDY) are set to meet on Monday to finalise joint measures, including the timing … Read more
Health Minister Michalis Damianou is working on legislation to set up university clinics, facing opposition from the University of Cyprus and the government doctors’ union Pasyki. The main disagreement is about who should run the clinics, with the University of Cyprus wanting academic doctors in charge, while Pasyki prefers experienced hospital doctors. Damianou believes in a gradual approach where academic doctors work alongside hospital doctors and eventually take over. He does not agree with the University of Cyprus’ stance and emphasizes the stability of the hospitals and public sector doctors.
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.
Israeli tanks continued to raid Rafah for a second day, defying the World Court’s order to end attacks on the city. The United States did not believe a major ground operation was underway, despite Israel’s incursion into Rafah. Residents reported Israeli tanks entering various areas before retreating towards the border with Egypt. The Palestinian health ministry called for immediate healthcare assistance in Rafah and northern Gaza, where hospitals had stopped functioning. UNRWA reported that around a million Palestinians had fled after Israeli evacuation orders. The Red Crescent Society evacuated medical teams due to ongoing bombardments. The World Court criticized Israel for not ensuring the safety and well-being of the evacuees from Rafah. Israel proposed a ceasefire and hostage release to Qatar, but Hamas insisted talks were pointless unless Israel ended its offensive on Rafah. Over 36,000 Palestinians have been killed in Israel’s Gaza offensive.
Fact: The Conservative party aims to maintain the current Corporation Tax rate at 25% and has no plans for increases this year irrespective of the election outcome.
Animal producers in the occupied north are in the eighth day of their protests, supported by unions, civil society organizations, and political parties. The protests gained momentum despite a government decree postponing a planned strike by the Air Traffic Controllers’ Union. The producers are demanding affordable, domestic meat and criticizing the government for importing frozen meat. Union leaders accused the administration of neglecting the people’s needs and prioritizing special interests. The protesters are calling for the government to resign and are emphasizing the importance of supporting domestic producers and the economy.
– 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.