income inequality

The Urgency of Tax Reformation in Cyprus

Tax reformation in Cyprus is pressing due to a regressive system that benefits the wealthy and leads to income disparities and tax evasion. Proposals include increasing progressivity, broadening the tax base, and adjusting brackets to alleviate burdens on lower and middleincome groups, highlighting the need for immediate action to address these challenges.

Economic Disparity in Northern Cyprus Deepens

By Demis Papadopoulos

Northern Cyprus is grappling with deepening economic disparity, as 15% of the population lives below the poverty line and the income gap widens. The stagnant GDP, high inflation, and vanishing middle class further exacerbate the situation, impacting social structures and democratic processes.