Personal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Credit Cards Can you pay your taxes with a credit card? Written by Katherine Fan 2024-07-18T17:56:54Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the … Read more
MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, our total tax contribution to governments across all markets increased by more than 12% to R61.7 billion. This figure encompasses the direct corporate taxes we pay, indirect taxes, operating licence fees, payroll taxes, property rates, dividend taxes and withholding taxes. “Our … Read more
The African National Congress (ANC) was holding last-minute talks with other parties on Thursday to thrash out a deal to form South Africa’s next government, as its secretary-general said it aimed to work with as many parties as possible. The broad parameters of a deal need to be agreed in time for the first convening … Read more
The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
Engaging voters in thinking through the difficult questions of the Cyprus problem could break the current deadlock and bring political leaders back to the negotiating table, according to a workshop organized by the Cyprus Peace and Dialogue Centre. The event focused on a “deliberative democracy” approach to update the peace process, with the goal of gaining public support for a sustainable solution. Panelists discussed options for assemblies, including citizen, elected, and constitutional assemblies, as well as the importance of starting with small “safe spaces” before moving on to larger assemblies. Despite the deadlock, only 20% of voters completely reject the idea of a bizonal bicommunal federation, indicating that engaging citizens could potentially help break the impasse.
The proposed value-added tax (VAT) on betting and the increase in excise duty to 20 percent in Kenya could lead to the disappearance of at least 80 percent of sportsbook bets in the market, making investment in the sector unviable and triggering capital flight.
The gardens are looking very summery with tropical trees and flowers starting to bloom. The jacarandas were the last trees to flower, and some trees may surprise with another flowering later in the year. Some favorite trees mentioned include Caesalpinia gilliesii, Leucophyllum frutescens, and Polygala myrtifolia. The text also discusses Tecoma stans, plumeria, and roses. The Plant of the Month is Oenothera speciosa, a ground-hugging plant with fragrant pink blooms loved by bees and butterflies.
South Africa’s ruling party, the African National Congress (ANC), saw a decrease in its share of the vote to 40% in the recent election, down from 57.5% in the previous election. This weakened mandate means the ANC must share power with a rival party in order to stay in power, which is an unprecedented situation.
On May 31, major events included the signing of the Treaty of Vereeniging in 1902, which ended the Boer War in South Africa. In 2008, Usain Bolt set a new world record in the men’s 100 meters race in New York.
Russia’s Finance Ministry has proposed amendments to the tax code, including raising corporate income taxes and introducing a progressive personal income tax scale. The changes are expected to be passed by the State Duma before autumn 2024 and come into force in 2025. The proposed changes include raising corporate income tax to 25%, reintroducing a 5% income tax rate for IT companies, and setting thresholds for the progressive personal income tax scale. The reforms are estimated to increase consolidated budget revenues by RUB2.6 trillion in 2025. Despite the changes, Russia’s progressive personal income tax remains modest compared to other BRICS countries. The implementation of a progressive income tax could have negative impacts on economic growth and macroeconomic indicators.