Cyprus Tax Calculator is probably the best implementation of the tax calculator that I’ve seen around. It’s dead simple to use, and allows all kinds of calculations – monthly or annually, with or without 13th salary, and reporting overalls, income tax, social insurance deductions, as well as providing tax breakdowns.
Actually, the needle-in-the-haystack is not quite the right metaphor. There is a small cadre of people who actually have what it takes to successfully build an NBT, and experienced investors are pretty good at recognizing them. Because of this, they don’t have trouble raising money. As I mentioned earlier, one of the reasons people get into angel investing is because they think it’s more fun to be the beggee than the beggor. But the cool kids don’t beg. The cool kids — the ones who really know what they’re doing and have the best chances of succeeding — decide who they allow to invest in their companies. And they want investors who have been around the block, who know what they are doing, who have a thick rolodex of potentially useful contacts, and most importantly, deep enough pockets to do follow-on investments, and thick enough hides not to complain if things go south.
If you want to make money angel investing, you really have to treat it as a full time job, not because it makes you more likely to pick the winners, but because it makes it more likely that the winners will pick you.
If you’re not ready for that, you will be much better off financially buying index funds.
Zyprus.com has this nice Affordability Calculator, which, given a few basic numbers, helps one estimate the price of the house that will comfortably fit into the budget (yeah, those are the words they use). It’s a nice tool for people who have been saving up to buy a property. For me though, no matter what I put, it returns this:
Nothing new here, but it’s always good to get a confirmation from another source.
The article is written more from the Computer Science perspective rather than an economic/financial one, some of the economic details might be oversimplified.
The two main aspects that make Bitcoin different from a modern monetary systems, like US Dollar or Euro, are the following:
Decentralization: There is no central entity that prints (mints) money, but rather the money is being mint by the crowd. This makes Bitcoin a decentralized system.
Anonymity: People who use Bitcoin hope that their identity would not be revealed, in contrast to the usual way we all buy commodity over the internet using our credit card, we have to supply our personal details to be verified against the bank who treats our account.
PricewaterhouseCoopers (PwC) published their annual Cyprus tax, facts and figures brochure for the year 2016. It is a handy document to send to friends abroad who are interested in moving to Cyprus or starting a business here.
One thing that I found ironic in this document was the example they used for personal taxation (page 7-8 in the English PDF). The example is for someone with a monthly salary of 5,885 EUR and additional income from rent, etc – a total income of 75,620 EUR per annum. Looking at the average salary in European Union, Cyprus shows 1,833 EUR per month in 2014 and 1,574 EUR per month in 2015.
I hope PwC predicts a huge spike in average salaries in 2016. That would be nice …
“America is full of high-earning poor people” is an interesting article, with lots of charts and statistics, on how poor even high earning households are in America. The problem is, of course, not unique to the United States.
The fact that the average upper-middle-class household has just $12,200 in non-pension financial wealth is disturbing. Even worse, within that group, about 25% of the higher earning population had only $3,200 in 2013. It’s no wonder one quarter of all American households couldn’t come up with $2,000 if they faced an emergency—it’s not just low earners.
The Wall Street Journal compiles a list of venture-back private companies, valued at $1 billion or more. There’s a table with the list of 120+ companies and an interactive chart to navigate it.
Note: This chart only includes companies that are privately held, have raised money in the past four years and have at least one venture-capital firm as an investor. Excluded from this list are companies that were majority-controlled by an institutional investment firm at one point. Only valuations confirmed by VentureSource or The Journal are included, based on direct investments, not secondary deals.
THE University of Nicosia (UNIC) has launched a six week, free and open enrolment online course called “Introduction to Digital Currencies”, aimed at anyone wishing to gain a greater understanding of the fundamentals of bitcoin and digital currency in general.
The MOOC (Massive Open Online Course) is due to start on May 15, with other sessions starting each month thereafter.