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
The incidence and distributional effects of changes to the corporate income tax—like those in the 2017 Tax Cuts and Jobs Act—are one of the most hotly contested issues in economic policy. The debate often follows a familiar script: Republicans claim that rank-and-file workers benefit while Democrats argue that affluent shareholders reap the gains. In a new paper, … Read more
Puerto Rico Tax Competitiveness and Pillar Two Skip to content profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens. . Pillar Two, the global minimum taxA tax is a mandatory payment or charge collected by local, state, … Read more
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 Countries have repealed their wealth taxes for a variety of reasons.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
State Tax Changes Taking Effect July 1, 2024 Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. changes take effect on January 1, the beginning of the calendar year, for consistency … Read more
Cyprus remains a prime destination for investors eyeing lucrative deals in the real estate sector, as the island offers a variety of investment opportunities for both local and foreign investors, according to a leading real estate company. The biggest opportunity at the moment is on the south east coast, in Larnaca, as the government moves … Read more
In 2024, Social Media Marketing (SMM) panels are increasingly integral to marketing strategies, offering businesses a streamlined approach to managing social media campaigns. According to our experts, Just Another Panel and Run Like panel are providing a centralized platform to purchase likes, followers, and engagement across various social media channels, significantly enhancing online visibility and … Read more
Reflect Festival, Cyprus’ flagship tech and startup festival, returned to Limassol and welcomed 9,000 entrepreneurs, investors, and tech enthusiasts in a new venue. The event marked the biggest conference ever organized in Cyprus and the most international year of Reflect so far. Attendees from 70 countries participated, including 1,500 companies and 130 governmental representatives from 20 countries. The festival featured over 150 companies in the expo, with activities like holograms, augmented reality garments, and contests. The event also included parties, sports events, and side activities around Limassol. Reflect Festival announced the launch of The Doers Company as an umbrella organization behind the event and future activities.
A landmark exhibition called “Casts of an Island 2024” opened in Limassol, Cyprus, showcasing 120 artworks by 43 artists. The exhibition is curated by collector Nicos Chr. Pattichis and is housed in the former Carob Warehouse, now transformed into a cultural space by the PSI Foundation. The exhibition coincides with the 50th anniversary of the 1974 Turkish invasion of Cyprus and features a variety of artworks, including political pieces inspired by the event.
The mayors of Nicosia and Strovolos inaugurated the first ‘Library of Things’ in the old town on Liasidou Street in Nicosia. The library, operated by KyklOIKOdromio, offers a variety of items for lending, including DIY tools, garden machinery, kitchen appliances, camping equipment, event equipment, and household items. The initiative promotes sharing, sustainability, and collaborative consumption to reduce consumption and build a sense of community.