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Cameroon’s Plan To Make Users Pay Import Duties on Mobile Devices Has Sparked Outrage
A new automated system for the collection of customs duties and taxes on imported phones and other electronic devices in Cameroon is not being welcomed.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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‘Opportunity Zones’ Fall Short on Helping Low-Income Communities, Study Finds
“Opportunity zones,” a cornerstone of the White House plan to combat racial inequality, have mainly helped large real estate projects while many low-income communities have yet to benefit, according to a new study.
- Categories
- Coronavirus, Finance, Impact Assessment, Investing
- Region
- North America
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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
Parent Organization
