tax

Today, the Australian government has unveiled a series of new tax cuts and additional cost-of-living assistance, aiming to reconnect with dissatisfied voters while taking a bold step that will shift the budget back into deficit. Prime Minister Anthony Albanese's administration is gearing up for a crucial May election, currently finding itself in a tightly contested race against the conservative Coalition opposition. The stakes are high, and according to Albanese, “We must address the immediate concerns of everyday…

The US Secretary of Commerce, Howard Lutnick, recently reignited controversy by labeling Ireland as his preferred "tax scam." This remark was made during an appearance on the business and technology podcast, All-In, where he passionately stated, "We're going to try and fix a whole bunch of these tax scams. Ireland is my favourite." Lutnick went on to express concerns about the significant presence of US multinational corporations in Ireland, particularly in the pharmaceutical and technology sectors. He claimed, "They have…

In the rugged yet dynamic cityscape of Hargeisa, a new chapter in taxation has recently unfolded. The North Western State of Somalia government, keen on broadening its financial horizons, has introduced a sales tax policy that intriguingly touches the pulse of everyday life: mobile money transactions. Once constrained to a select few businesses, this 5% sales tax now meticulously extends its reach over mobile phone airtime, internet data packages, and internet services for homes and offices. Such a decision is not…

Imagine a world where businesses never sleep. The bustling streets of Accra are alive at midnight, factories hum with the rhythm of machinery well past dusk, and digital startups thrive in the quiet hours when most are asleep. This vision could soon become a reality in Ghana, as highlighted by Simon Madjie, the Acting Chief Executive of the Ghana Investment Promotion Centre (GIPC). Madjie, brimming with enthusiasm, spoke about the flagship policy that aims to revolutionize the Ghanaian economy. Dubbed the…

Mogadishu (AX) — Under the vibrant political canopy of Somalia, a noteworthy moment unfolded in the Somali Parliament on Monday. It was a day that saw the approval of two pivotal legislative acts: the Youth Justice Bill and the Income Tax Bill. These are not mere legislative formality; they are emblematic of a nation striving to break free from its past shackles and move towards a horizon marked by prosperity and fairness. Bihi Iman Igeh, the Minister of Finance, stood tall amid his peers as he commended the…

Dangote Group: Leading Taxpayer in Nigeria Picture this: It's a typical bustling day in Lagos, vibrant and full of life, when the airwaves crackle with news that's bigger than the city's iconic bridges—Dangote Industries Limited (DIL) and its subsidiaries have done it again. They’ve announced a staggering tax remittance exceeding N402.3 billion for the year 2024. This announcement secures their place as Nigeria's highest taxpayer. During a thoughtful gathering with senior media…

Mogadishu (AX) – With an air of both determination and urgency, Somali President Hassan Sheikh Mohamud stepped up to address the nation with a poignant message: taxes matter. In a country grappling with financial instability, his administration is poised to launch a far-reaching tax collection initiative in the days to come. The message was clear as he spoke to the people of Mogadishu on Monday. President Mohamud extended an appeal, perhaps even a plea, for cooperation, underscoring a fundamental tenet of civic duty—the…

Mogadishu (AX) – The vibrant heart of commerce in Somalia, Bakara Market, flung open its doors again on a sunny Tuesday morning, following its temporary closure for four exhausting days. This decision emerged from critical negotiations between the nation's federal officials and the indomitable spirits of the business community. A glimmer of hope appeared as a precursor to the bustling days ahead. Productive dialogues between the esteemed Banadir Regional Business Council and the voice of the people, Speaker of the House…

Hargeisa (AX) — With a flurry of strategic decisions, North Western State of Somalia's government recently inked a transformative approach to its security and tax systems, marking a pivotal moment for this self-declared nation. Sunday’s developments echo the aftermath of President Abdirahman Mohamed Abdillahi’s (commonly known as Irro) visit to the United Arab Emirates (UAE), where pivotal dialogues unfolded between him, Vice President Yusuf Mahmud Abdi, and various Emirati dignitaries. Can a single visit redefine the…

President William Ruto recently expressed his admiration for the more than eight million Kenyans who diligently fulfilled their tax responsibilities by June 30. These citizens not only met but exceeded the set targets by an impressive 26%. He specifically recognized Lillian Nyawanda and Risper Muthoni Simiyu for their outstanding achievements in surpassing tax collection benchmarks. During the Taxpayers’ Day Awards ceremony held at State House in Nairobi on November 2, 2024, Ruto took a moment to celebrate these top…