The United Kingdom is revving up its investment drives in Nigeria and other Africa countries, including Francophone countries, as its planned exit from the European Union (EU) continues to gain traction by the day A statement from the Foreign and Commonwealth Office on Tuesday showed that the Foreign Secretary, Jeremy Hunt, is visiting Francophone Senegal, […]
With an estimated 50 million Americans yet to file their tax returns at the weekend despite the April 15 Tax Day deadline set by the fiscal authorities, the IRS has indicated its readiness to accept tax returns filed after the date, subject to a grant of extension. Except for resident or corporate entities in Maine […]
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on Thursday warned that a further extension to Article 50 will hinder growth in the UK economy, Lagarde projected that businesses and investors would remain hesitant in the coming months, warning that if there is prolonged uncertainty, it would have a “negative impact”. Speaking […]
The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s economy would grow at the rate of 2.5 percent by 2020, up from the 2.1 percent forecast for 2019. The Breton Woods institution in a new World Economic Outlook (WEO) release issued at its ongoing joint annual spring meetings with the World Bank, in Washington […]
A Kenyan High Court on Wednesday declared unconstitutional a tax agreement signed by Kenya with Mauritius, saying the pact failed due process requirements. In his ruling, the High Court Judge, Weldon Korir, declared the Double Tax Avoidance Agreement (DTAA) sealed between the two countries unconstitutional, noting the Kenyan government failed to follow constitutional requirements for […]
Workers of the South Africa Revenue Service (SARS) on Tuesday called off their four-day strike following their acceptance of the fiscal authorities’ offer of eight percent wage increase in 2019 and a CPI-plus-2-percent rise for 2020-21. The deal was struck following negotiations with the authorities by a union representing about half its employees, National Education, […]
The latest analysis on global misery level published by Steve Hanke, an economist from John Hopkins University in Baltimore, United States, indicated that Nigeria ranked as the sixth most miserable country in the world. In his writing in the Forbes magazine of March 28, titled ‘Hanke’s Annual Misery Index 2018: The World’s Saddest (And Happiest) […]
The chief executive officer of Facebook, Mark Zuckerberg, has canvassed the need for new global regulations governing the internet. Specifically, he recommended tough rules on hateful and violent content, election integrity, privacy and data portability, among other regulatory imperatives. In a statement that was published as an op-ed in some newspapers, the Facebook chief said the […]
President Cyril Ramaphosa on Wednesday announced Edward Kieswetter as the new Commissioner for South African Revenue Service (SARS) with effect from 1 May 2019 for a term of five years. He said that the process for the appointment of the SARS Commissioner was informed by the SARS Act and was guided by the recommendations of […]
Boeing has issued changes to control systems linked to two fatal crashes of its 737 Max planes in the past five months. However, the U.S aircraft manufacturing company did not give go ahead to operators to resume flight with the aircraft which were grounded by many countries’ aviation authorities following the fatal crashes. A news […]