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President Christodoulidis Champions Transformative Tax Reform Agenda

by THEFUTURE.TEAM

November 11, 2025

The President of the Republic, Nikos Christodoulidis, has officially welcomed the commencement of discussions in the Parliamentary Economic Committee on a sweeping Tax Reform. He characterizes this initiative as one of the most significant structural shifts in recent decades, setting the stage for a tax system designed to be fairer and more modern.

Transitioning To A Fairer Tax System

According to the President, the proposed reform marks a fundamental transition towards a tax framework that is not only just but also adaptable to contemporary economic realities. Central to this initiative is the empowerment of households and businesses, offering them improved stability and promising long-term growth prospects. With this vision, the reform is expected to directly influence everyday life and enable a more sustainable economic future.

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Strengthening Social Cohesion And Middle-Class Support

The President emphasized that the tax reform aims to bolster social cohesion by providing significant relief to families and the middle class. For the first time in two decades, the tax exemption threshold will be raised to €20,500. Additionally, targeted deductions will be calibrated based on household composition and expenditure, ensuring that the policy benefits are tailored to individual circumstances.

Incentives For Businesses And Correcting Market Distortions

In a further effort to enhance the business climate, the reform proposes to reduce the taxation on actual dividends from 17% to 5% and eliminate the imputed distribution requirement. These measures are designed to correct longstanding market distortions and encourage reinvestment of profits into productive sectors, thereby strengthening the competitiveness of Cypriot enterprises.

Prudent Fiscal Policy And Steady Economic Growth

President Christodoulidis underscored that the government’s commitment to responsible fiscal management has paved the way for this comprehensive reform. In an environment highlighted by consecutive upgrades from international rating agencies, Cyprus is positioning itself decisively with a plan aimed at ensuring stable growth and low inflation. This methodical approach reminds one of a well-oiled machine that continuously refines its operations to achieve optimal performance.

A Future-Ready Tax Environment

Looking ahead, the President asserted that the ultimate goal is for all citizens and businesses to operate within a tax framework that is socially just, straightforward, and conducive to economic development by January 1, 2026. He concluded by remarking that a Cyprus poised for change demands a tax system that truly reflects its ambitions and potential.

The Future Forbes Realty Global Properties

by News Editor

August 24, 2026

Courts Are Still Applying Old Copyright Rules To AI

AI companies train models on enormous amounts of published material, including books, articles and academic research. Whether using that content without authors’ permission violates copyright law remains unresolved.

Much of the debate centres on fair use, which allows copyrighted material to be used without permission in certain circumstances. Courts consider factors such as the purpose of the use, how much material was involved and its impact on the original market.

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Anthropic Case Sets An Important Precedent

A major case involving Anthropic and a group of authors provided one of the clearest rulings so far. Judge William Alsup found that using copyrighted books to train AI models was lawful, comparing the process to people reading and studying literature before creating something new.

Anthropic was nevertheless ordered to pay $1.5 billion in a settlement. The penalty concerned books the company had obtained from illegal online libraries rather than the AI training itself.

For AI companies, that distinction could prove significant because it separates studying copyrighted material from directly copying it.

Competition Could Be The Key Issue

A case involving Thomson Reuters and Ross Intelligence offers a different perspective. A court ruled that Ross could not claim fair use after using Reuters’ copyrighted material to develop a competing AI-powered legal research platform.

The decision suggests courts may be less willing to consider AI training fair use when copyrighted content is used to build a product that directly competes with the original.

For authors, an unresolved question is whether AI-generated content should be considered competition for the works used to train these models.

The Law Has Yet To Catch Up

US copyright law predates generative AI by decades, leaving courts to apply old principles to new technology. Questions also remain over copyright protection for AI-generated works. In Thaler v. Perlmutter, a court ruled that material created entirely by AI cannot receive copyright protection.

Major AI companies remain involved in copyright litigation, and different courts could reach different conclusions. For now, there is no universal rule: the legality of AI training will depend on the circumstances of each case and how courts ultimately interpret copyright and fair use.