Tag: Financial Transparency
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What N$1.5 Billion in Potential Losses Means for the GIPF Pension Fund
Understanding the Scope of the Loss The Government Institutions Pension Fund (GIPF) has disclosed that nearly N$1.5 billion of investment value has been eroded since 2008. This figure, which aligns with prior reporting of a roughly N$1 billion shortfall, reflects marked declines across assets in the fund’s portfolio over more than a decade. For current…
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Prince Andrew’s Finances Under the Microscope: Why Transparency Is Demanded
Introduction: The mystery behind Prince Andrew’s wealth Prince Andrew, Duke of York, has long drawn scrutiny not just for his public duties—and the controversies that follow him—but also for the sources of his wealth. Even during periods when he has held little formal employment, questions persist about how he funds an affluent lifestyle, including properties…
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Govt Scraps Asset Valuation Requirement from Tax Returns
Introduction In a significant shift, the government of Pakistan has decided to eliminate the asset valuation column from the income tax return form for the year 2025. This decision, made under the directive of Prime Minister Shehbaz Sharif, comes on the heels of mounting criticism from various stakeholders, including tax practitioners and legal experts. Background…
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Lula Government Under Scrutiny: INSS Testimonies Highlight Alarm Ignoring
Introduction The recent testimonies collected by the Mixed Parliamentary Commission of Inquiry (CPMI) regarding the National Social Security Institute (INSS) shed new light on the Lula administration’s handling of financial alerts. The accounts contradict claims made by President Luiz Inácio Lula da Silva’s government, suggesting a troubling pattern of dismissing warnings about potential deviations in…