Washington Prepares for the ‘Super Bowl of Tax’

Washington Prepares for the ‘Super Bowl of Tax’

Even with control of the White House and Congress up in the air, lawmakers and lobbyists are gearing up for a big debate next year over expiring measures in former President Donald Trump’s tax law. President Biden’s decision not to seek re-election is upending expectations about who will control Washington next year. But there is … Read more

Estonia has a way Canada can implement better taxation policies to improve the economy and productivity

Estonia has a way Canada can implement better taxation policies to improve the economy and productivity

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

Turkey plans to raise taxes to shore up revenue and ‘create fairer system’ | The National

Turkey plans to raise taxes to shore up revenue and 'create fairer system' | The National

Turkey is planning major tax changes as part of an economic reform proposal that aims to shore up government revenue, reduce inflation and “create a fairer system”.The parliament, controlled by a coalition led by President Recep Tayyip Erdogan’s Justice and Development Party (AKP), will vote next week on a package of major new fiscal laws, … Read more

New business tax will send more money to preservation programs • New Jersey Monitor

New business tax will send more money to preservation programs • New Jersey Monitor

In reviving and narrowing a surtax on the state’s most profitable businesses, lawmakers have mostly reversed a cut to New Jersey’s open space programs that happened when an earlier surcharge sunset at the start of 2024. The so-called corporate transit fee — a 2.5% surcharge on businesses with more than $10 million in profits — is … Read more

Larnaca, ’s great unknown potential

Larnaca, ’s great unknown potential

It is noticeable how city centres can change from one day to another, so to speak.  Larnaca, the “poor” relative of all towns, partly due to its unfortunate vocal pressure groups and some municipal corruption in the past, has been left behind in its development. The very recent upgrade of the original town with numerous … Read more

Qatar, other suitors interested in Larnaca marina

Qatar, other suitors interested in Larnaca marina

Interest in Larnaca’s marina and port remains high despite the divorce between the Government and Kition Ocean Holdings. The Emir of Qatar has shown interest in the project, along with other suitors within the country. The proposal to separate the project and focus on the marina has gained ground, with the Government open to discussions and forming a working group to expedite the process. The Larnaca Municipality demands greater involvement in the project’s future, with plans for a committee to conduct a techno-economic study. The matter will be discussed in the House Transport Committee, and the Ministry of Transport will take over the management of the marina.

Israel sends tanks into Rafah on raids amid Gaza-wide offensive

Israel sends tanks into Rafah on raids amid Gaza-wide offensive

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.

On This Day: Russia’s worst recorded earthquake killed 1,989 people in 1995

On This Day: Russia’s worst recorded earthquake killed 1,989 people in 1995

– In 1940, Belgium’s King Leopold surrendered to the invading Germans in World War Two, and the evacuation of defeated Allied armies from Dunkirk began, saving a total of 224,585 British and 112,546 French and Belgian troops.