Tag: Tax Reform
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Tax Office Breaks Silence after Prosecution Raids Taint Graft Probe
Background to the Case The Directorate General of Taxes (DJP) has issued its first public statement in connection with a widening graft probe that has drawn attention to the tax agency’s internal processes. Prosecutors from the Attorney General’s Office (AGO) recently conducted searches at the homes of several senior DJP officials, part of an investigation…
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Rachel Reeves and the Budget Back-and-Forth: What’s Really Behind the Tax-Rise Hesitation
Introduction: A Budget, a Question, and a Wobble In the run-up to the Budget, Labour’s Chancellor, Rachel Reeves, has found herself navigating not only numbers but a political tightrope. Weeks of speculation about whether she would raise income taxes to fund public services have culminated in a stance that appears more cautious than decisive. The…
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Budget 2025: Starmer and Reeves U-turn on Income Tax Plans
Overview: A sudden shift on tax policy In a surprise move ahead of Budget 2025, Labour leader Sir Keir Starmer and deputy leader Rachel Reeves have scrapped plans to raise income tax, reversing a policy that would have marked a significant break from the party's manifesto. The decision, first reported by the Financial Times, comes…
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COVID-19 Levy to Go: What to Expect from the 2026 Budget and Economic Statement
Introduction: A Budget Anticipation in Parliament The 2026 Budget and Economic Statement, presented by the Minister of Finance, Dr. Cassiel Ato Forson, is set to shape the coming year’s economic landscape. With widespread calls from residents, business groups, and civil society for tax relief and streamlined public finances, the big talking point is the proposed…
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COVID-19 Levy to go: What Ghana’s 2026 Budget Means for Households and Businesses
Executive snapshot: COVID-19 levy to go in the 2026 Budget The 2026 Budget and Economic Statement, to be presented by the Minister of Finance, Dr Cassiel Ato Forson, is expected to include the elimination of the COVID-19 levy. With economic pressures easing for some sectors and a push to simplify the tax code, the government…
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KRA Names Obell Substantive Head of Micro and Small Taxpayers Department to Target Elusive Small Traders
Kenya Revenue Authority Appoints New MST Commissioner The Kenya Revenue Authority (KRA) has announced a major leadership change within its tax administration hierarchy. George Obell was appointed as the substantive Commissioner for the Micro and Small Taxpayers Department (MST) after a rigorous and competitive recruitment process. The move signals the agency’s intensified focus on improving…
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Higher earners to pay thousands more in Reeves’ income tax raid
Overview: Reeves’ plan targets higher earners Britain’s opposition parties are fueling a debate over income tax as a tool to fund public services. Opportunities to raise government revenue without broadening the tax base have propelled discussions about whether higher earners should shoulder a larger share of the burden. Central to the current narrative is Labour…
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Why the OBR’s Fiscal Risks Report Should Shape Our Tax Debate on Electric Cars and Public Finances
Understanding the OBR’s Fiscal Risks and Sustainability Report When the Office for Budget Responsibility (OBR) releases its biennial Fiscal Risks and Sustainability report, it’s not merely a snapshot of the budget. It is a forward-looking map that highlights where public finances may wobble in the coming decades. For policymakers, journalists, and citizens, the document offers…
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Why Britain Risks Repeating a Dutch Disaster by Raising Gambling Taxes
Britain’s Gamble: Tax Reform and the Risk of Repeating a Dutch Disaster Britain is weighing changes to the gambling tax regime, a move that has prompted concern among economists, industry players, and public policy observers. As Culture Secretary Lisa Nandy notes that the government is coordinating with the Treasury to avoid unintended consequences, critics warn…
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UK Business Leaders Urge Reeves to Embrace Unpopular Tax Moves in Budget
Overview: A Call for Bold Tax Decisions UK business chiefs say the time has come for magistral fiscal clarity, urging Chancellor Rachel Reeves to adopt a more audacious tax strategy in the upcoming Budget. While Labour has campaigned on a fiscally responsible platform, seasoned executives across the Confederation of British Industry (CBI) argue that the…