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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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Ivory Coast telcos in mobile money tax dispute
The Telecommunications/ICT Regulatory Authority of Côte d'Ivoire (ARTCI) has directed mobile operators to immediately stop transferring the additional cost of mobile money transactions onto the consumer.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets
Hedge funds, investment banks and money managers are trying to raise tens of billions of dollars this year for so-called opportunity funds, a creation of President Trump’s 2017 tax package meant to steer money to poor areas by offering potentially large tax breaks.
- Categories
- Investing
- Region
- North America
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Uganda’s social media tax is leaving people disconnected — and failing to meet revenue targets
Prior to the tax's implementation, 47.4 percent of people in Uganda were using the internet. Three months after the tax was put in place, that number had fallen to 35 percent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- social media, taxes, technology
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Meet the folk hero of Davos: the writer who told the rich to stop dodging taxes
“It feels like I’m at a firefighters conference and no one’s allowed to speak about water, right?” Bregman said. “Just stop talking about philanthropy and start talking about taxes. … We can invite Bono once more, but we’ve got to be talking about taxes. That’s it. Taxes, taxes, taxes. All the rest is bullshit in my opinion.”
- Tags
- philanthropy, public policy, taxes
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Ugandans continue to boycott OTT tax, transact less mobile money
Regarding mobile money transactions, while the amount of money deposited in digital wallets has grown, people have reduced on the number of transactions they make.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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