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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, mobile money, MTN, regulations, taxes
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This Digital Platform Fights Corruption by Bypassing the Officials Demanding Bribes
In the Democratic Republic of Congo, the tax payment system could require many kickbacks to corrupt officials. A new digital platform lets people pay their taxes directly.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Malawi Scraps 1% Withholding Tax on Mobile-Money Transactions
The mobile tax drew criticism from Telekom Networks Malawi Plc, the country’s biggest phone operator.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich
Many of the projects that will enjoy special tax status were underway long before the opportunity-zone provision was enacted. Financial institutions are boasting about the tax savings that await those who invest in real estate in affluent neighborhoods.
- Region
- North America
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More African Countries Are Looking to Tax Mobile Money Transactions
Just over a year ago, Uganda’s regulators introduced a so-called social media tax and a levy on mobile money transactions. Uganda is not alone: Industry research from 2017 shows up to 26% of the taxes paid in the mobile industry in 12 Sub-Saharan countries were industry-specific.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Rockefeller Foundation Aims to Make Tax Perk Work for Poor
The Rockefeller Foundation is set to announce Tuesday that it will hand out $5.5 million to help six U.S. cities promote “responsible” investment in areas designated as opportunity zones.
- Categories
- Investing
- Region
- North America
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Viewpoint: Opportunity Zones knocking, but few investors answering the call so far
The breaks are meant to steer money to parts of the country that have long been starved for capital, creating jobs and economic growth.
- Categories
- Investing
- Region
- North America
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Millions of Ugandans quit internet services as social media tax takes effect
In the three months following the introduction of the levy, the number of internet subscriptions to such services fell by more than 2.5 million, according to the Uganda Communications Commission. Fears have been raised over the impact on the economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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