News from the South - Florida News Feed
Florida retains 4th in tax competitiveness report | Florida
SUMMARY: A Tax Foundation report ranked Florida fourth in tax competitiveness, highlighting its lack of a personal income tax as a key advantage. Florida scored first for individual taxes, 14th for sales taxes, 16th for corporate taxes, and 21st for property taxes. The state has a competitive 5.5% corporate income tax and a 4% sales tax, with an average combined local tax of 7%. Critiques included the limited first-year expensing of machinery and a low personal property exemption of $25,000. Despite methodological changes in the report, Florida maintained its ranking since 2020, leading the Southeast region.
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News from the South - Florida News Feed
Musk’s next task? Reviving Tesla in Europe where sales have plunged by more than half in a year
SUMMARY: Tesla sales in several European countries plummeted in April, with Sweden, the Netherlands, and Denmark seeing declines over 60%, and France and Norway also experiencing sharp drops. Germany’s first-quarter sales fell 62%, signaling broader troubles amid protests and boycotts tied to Elon Musk’s political controversies. Analysts cite factors including Tesla’s aging models, rising competition like China’s BYD, factory shutdowns for Model Y upgrades, and delays in EU approval for self-driving features. Despite a 71% profit drop in Q1 and the sales slump, Tesla’s stock rose after Musk said he would reduce his Washington government duties to focus more on Tesla operations. Italy saw a modest 3% sales increase.
The post Musk’s next task? Reviving Tesla in Europe where sales have plunged by more than half in a year appeared first on www.news4jax.com
News from the South - Florida News Feed
Hegseth keeps 2 aircraft carriers in Middle East for another week for battle with Yemen’s Houthis
SUMMARY: Defense Secretary Pete Hegseth has extended the USS Harry S. Truman’s deployment in the Middle East for another week, maintaining two U.S. carrier strike groups to counter Houthi rebels. The Truman’s deployment, which started in March, is part of an intensified campaign against Iran-backed Houthis, following increased strikes since mid-March. This is part of President Trump’s strategy to stop Houthi attacks on vital Red Sea shipping lanes. U.S. forces have hit over 1,000 targets in Yemen under Operation Rough Rider. The deployment has raised concerns about maintenance schedules and sailors’ extended time away from home.
The post Hegseth keeps 2 aircraft carriers in Middle East for another week for battle with Yemen’s Houthis appeared first on www.clickorlando.com
News from the South - Florida News Feed
Russell Brand granted conditional bail after appearing in London court on rape and assault charges
SUMMARY: Russell Brand, 49, was granted conditional bail by a London court after facing charges of rape and sexual assault involving four women. He did not enter a plea during his first hearing at Westminster Magistrates’ Court. Brand is required to report his whereabouts and attend future court appearances, with a hearing set for May 30. The charges relate to alleged offenses between 1999 and 2005 in Bournemouth and Westminster. Brand has denied the accusations, stating that he engaged in no non-consensual activity. The comedian has also built a significant online following in recent years.
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