28 March 2008-
SA NEEDS to adjust its tax regime in order to entice multinationals to set up operations in the country as a base for expanding into Africa, says an international tax expert.
Wilfred D'Haese, PricewaterhouseCoopers' tax partner based in Belgium, said on a recent visit to SA that the company rate cut in the budget was a positive sign.
Friday, March 28, 2008
Wednesday, March 26, 2008
Namibia- Pitfalls of export processing zones
26th march 2008 (Pambazuka.org)
Under AGOA, Ramatex Textile & Garment Factory, a Malaysian company moved to Namibia. Herbert Jauch looks at the cost of allowing companies to operate without government regulation, tax exemption and government sanctioned suspension of worker rights in Export Processing Zones.
Under AGOA, Ramatex Textile & Garment Factory, a Malaysian company moved to Namibia. Herbert Jauch looks at the cost of allowing companies to operate without government regulation, tax exemption and government sanctioned suspension of worker rights in Export Processing Zones.
Sierra Leone: Ernest Koroma's corporatist agenda
26 March 2008 (Allafrica.com)
A recent statement issued by the British Department for International Development (DFID) revealed that England has provided some US$72 million to support what it refers to as "a new social and economic reform program" in Sierra Leone to be carried out by the newly imposed neocolonial regime of Ernest Bai Koroma.
A recent statement issued by the British Department for International Development (DFID) revealed that England has provided some US$72 million to support what it refers to as "a new social and economic reform program" in Sierra Leone to be carried out by the newly imposed neocolonial regime of Ernest Bai Koroma.
Friday, March 21, 2008
Tanzania: How Can We Escape the Resource Curse?
21 March 2008 (Allafrica.com)
It's no a longer a conspiracy theory. We can no longer simply wish it away. Within the next 10 years three of the country's large-scale gold mines will close.
However, the country is not yet set to benefit significantly from these mines.
Why are we in such a gloomy state? We once observed a former chief economist and senior vice-president of the World Bank turning into a critic of International Financial Institutions (IFIs).
It's no a longer a conspiracy theory. We can no longer simply wish it away. Within the next 10 years three of the country's large-scale gold mines will close.
However, the country is not yet set to benefit significantly from these mines.
Why are we in such a gloomy state? We once observed a former chief economist and senior vice-president of the World Bank turning into a critic of International Financial Institutions (IFIs).
Thursday, March 20, 2008
South Africa: Manuel Calls Bluff of Tax-Avoidance Schemes
20 March 2008 - (Allafrica.com
Finance Minister Trevor Manuel yesterday announced that tough measures were in the pipeline to crack down on tax avoidance schemes that used legitimate transactions to generate artificial deductions through excessive financing
Finance Minister Trevor Manuel yesterday announced that tough measures were in the pipeline to crack down on tax avoidance schemes that used legitimate transactions to generate artificial deductions through excessive financing
Wednesday, March 19, 2008
Uganda: Local Service Tax; It's Double Burden
19 March 2008- (Allafrica.com)
The 2007/08 budget introduced a new tax called Local Service Tax. The tax is provided for in the Local Government Act (Amendment) Bill 2007 now before Parliament. The tax has sparked mixed reactions with protest from workers.
The 2007/08 budget introduced a new tax called Local Service Tax. The tax is provided for in the Local Government Act (Amendment) Bill 2007 now before Parliament. The tax has sparked mixed reactions with protest from workers.
Monday, March 17, 2008
SOUTH AFRICA*: South. A review mining royalty bill – minister
Mon 17 Mar 200 (Reuters)
South Africa's government may review a draft bill that would increase royalty payments for mining firms after complaints from companies and unions, the minerals and energy minister said on Monday.
South Africa's government may review a draft bill that would increase royalty payments for mining firms after complaints from companies and unions, the minerals and energy minister said on Monday.
Thursday, March 13, 2008
Tanzania: Activists and Religious Communities Launch Critical Mining
13 March 2008 (Allafrica.com)
Salma Maoulidi looks at the mining research report
"A Golden Opportunity?
How Tanzania is failing to benefit from Gold Mining" and argues that it builds a powerful case for continued activism in trade and economic justice in line with various Human rights instruments that call for a country's wealth and natural resources to benefit primarily local communities.
Salma Maoulidi looks at the mining research report
"A Golden Opportunity?
How Tanzania is failing to benefit from Gold Mining" and argues that it builds a powerful case for continued activism in trade and economic justice in line with various Human rights instruments that call for a country's wealth and natural resources to benefit primarily local communities.
Wednesday, March 12, 2008
Uganda: URA Taxation Curricula Ready
12th March 2008 (Allafrica.com)
THE tax education curricular developed by the Uganda Revenue Authority for primary, secondary and tertiary institutions, are now ready and will be officially handed over to the ministry of Education and Sports today
THE tax education curricular developed by the Uganda Revenue Authority for primary, secondary and tertiary institutions, are now ready and will be officially handed over to the ministry of Education and Sports today
Sunday, March 9, 2008
SOUTH AFRICA: Private equity tax loopholes to tighten
March 9, 2008: Johannesburg - (Business Report)
In the recent budget, the treasury said it would examine the taxes paid by companies bought out in private equity deals to determine whether the fiscus was losing out on revenue
In the recent budget, the treasury said it would examine the taxes paid by companies bought out in private equity deals to determine whether the fiscus was losing out on revenue
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