Portugal plans to reintroduce tax breaks for foreign residents to attract skilled workers, despite past criticism that the scheme fueled housing prices. The revised plan will focus on salaries and professional income, excluding pensions, dividends, and capital gains. The government also approved a corporate income tax cut and a new minimum tax rate for multinationals.
The Conservative Party has unveiled a new policy aimed at protecting the income of pensioners, known as the ‘triple lock plus.’ This policy builds on the existing ‘triple lock,’ which guarantees that the state pension will increase by the higher of inflation, average wage growth, or 2.5% each year. The ‘plus’ element of the policy would ensure that pensioners receive a tax break that would keep their personal allowance above the level of the new state pension. This move has been praised by some, but has also faced criticism from those who argue that it is unsustainable in the long term.
Douglas Development, based in Washington, D.C., has submitted a proposal to the Syracuse Industrial Development Agency (SIDA) for tax breaks related to a 56-unit apartment project in downtown Syracuse. The project involves the redevelopment of the former Syracuse Boys Club at 430 E. Genesee St. and the adjacent two-story former Utica Mutual Insurance building at 420 E. Genesee St. Douglas Development has requested $96,204 in exemptions from the state mortgage recording tax and $720,000 in exemptions from sales taxes on construction materials.
The Chicago Bears have announced plans to build a new enclosed stadium on the city’s lakefront, abandoning previous plans to relocate to the suburbs. The statement released by the team indicates that city officials are on board and will participate in Wednesday’s announcement. The stadium will include additional green and open space with access to the lakefront for families and fans.
