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To Tax or Not to Tax Mobile Money: The Impact on Digital Financial Services in Africa and Beyond
Mobile money is widely seen as a promising engine for global development. But governments in Africa are also increasingly viewing it as a lucrative source of tax revenue. With critics raising concerns about the impact of taxing mobile money and other digital financial services, Adrienne Lees and Phil Mader at the Institute of Development Studies explore whether existing research can inform any confident predictions about the effects of these taxes on providers, customers and the broader financial inclusion sector.
- Categories
- Finance, Telecommunications
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Fashion Group H&M to Exit Russia Over ‘Impossible’ Situation
Swedish retailer Hennes & Mauritz AB will start winding down its operations in Russia, having halted all sales in the country in March after Russia’s attack on Ukraine.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
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Analysis: Unveiling the Global Findex Database 2021 in Five Charts
This latest edition of the Global Findex Database was collected during the COVID-19 pandemic, updating financial inclusion indicators.
- Categories
- Finance
- Region
- Global
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China Agrees to Invest $3 Billion in Indonesia Sovereign Wealth Fund
China's Silk Road Fund (SRF) has signed a framework agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia's sovereign wealth fund.
- Categories
- Investing
- Region
- South Asia
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Efficiency vs. Effectiveness: What Low- and Middle-Income Countries Can Learn from a Key Business Mistake in the Developed World
Over the centuries, free enterprise has excelled at driving efficiencies and innovations, from the cotton gin to the sewing machine, that have powered societal development. But author and entrepreneur Ed Chambliss argues that, as societies grow more prosperous, an overemphasis on business efficiency – as embodied by the concept of shareholder primacy – is no longer enough. He urges businesses in developed countries to broaden their focus to include all their stakeholders' diverse needs – and encourages businesses in developing countries to adopt this broader definition of sustainable success.
- Categories
- Social Enterprise
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G7 Pledges to Invest $600 Billion Into Infrastructure for Developing Countries
Group of Seven leaders pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries.
- Region
- Global
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SOCAP and Sorenson Impact Center Join Forces to Help Shape the Next Era of Impact
The Sorenson Impact Center is stepping up and has assumed the day-to-day management and leadership of SOCAP.
- Categories
- Uncategorized
- Region
- Global
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Press Release: “Sunshot Initiative” Launched by Husk Power to Impact 2 Million Nigerians by Scaling Solar Microgrids for Rural Economic Growth
The “Nigeria Sunshot Initiative” will benefit at least 2 million Nigerians with reliable, renewable energy by 2026.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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