A Quote by Athanasios Orphanides
Cyprus had developed its financial center over three decades ago by having double taxation treaties with a number of countries: the Soviet Union, for example. That means if profits are booked and earned and taxed in Cyprus, they are not taxed again in the other country.
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A huge part of Apple profits generated in Europe, in African countries, Middle East, and India were all booked in Ireland. And I think it is a very basic principle in taxation that your profits are taxed where the profits are generated.
I am interested in making sure that the people of Cyprus will be able to live in a reunited Cyprus, where they are free, where there's a democracy, freedom and Cyprus is a member of the European Union.
It is unfair to ask Turkey to make a unilateral concession to take goods from Cyprus within the customs union when the E.U. is not open to northern Cyprus.
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
If the present American laws concerning the taxation of the profits of corporations, the incomes of individuals, and inheritances had been introduced about 60 years ago, all those new products whose consumption has raised the standard of living of the 'common man' would either not be produced at all or only in small quantities for the benefit of a minority. The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being.
Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.
Currently, not only are Americans taxed on what they earn, but those assets are taxed again when they are passed on to a loved one.
Government lasts as long as the under-taxed can defend themselves against the over-taxed.
The E.U. initially decided to end the isolation of Turkish Cyprus, to balance the accession of Cyprus. But the E.U. has not carried through on its promise.
During my childhood in Cyprus, the British talked about the Cypriots as if the Cypriots were outsiders in their own country. And even though I was born in Cyprus, my parents were American, and so I was an outsider in the land of my birth.
The European Union is a union of the extreme center. It's a banker's union. You see how they operate in country after country, appointing technocrats to take over and run countries for long periods. They did it in Greece; they did it in Italy; they considered it in other parts of Europe.
We're the highest taxed in the world, we're the highest taxed country right now, and it's not even close.
I used to get taxed on my allowance. Yeah, I've been taxed since I was a little kid. And at the end of the year I had to pick a charity to donate my taxes to.
The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.
Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
An optimised tax structure gives us the possibility of flexibility in using our assets that have already been taxed in one market. They can be used in new markets for further business development without the additional burden of double taxation.
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