Tag: Taxation
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Tariffs Be Damned: Global CEOs Bet Big on India for 2026
Introduction: A Quiet Revolution in Global Investment Despite ongoing tariff talk and geopolitical headwinds, India is emerging as a decisive focal point for global corporate strategy in 2026. CEOs across sectors—from technology and manufacturing to consumer goods and financial services—are signaling a strong appetite to expand or relocate parts of their operations to the world’s…
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Kenyan Manufacturers: High Costs Strain Profitability, KIPPRA Finds
Industry under pressure: Costs bite into Kenyan manufacturers’ margins A new study by the Kenya Institute for Public Policy Research and Analysis (KIPPRA) highlights a troubling trend: persistently high production costs are eroding profitability for Kenyan manufacturers. While the sector has long been touted as a backbone of GDP growth and job creation, rising expenses—from…
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Kenyan Manufacturers Struggle as Taxes, Power Costs Erode Profits, Study Finds
Overview: A Cost Crunch for Kenyan Manufacturers Kenyan manufacturers are under increasing pressure as a combination of high taxes, expensive inputs, and unreliable power supply continue to compress profit margins. A new study by the Kenya Institute for Public Policy Research and Analysis (Kippra) highlights that cost pressures are not only eroding competitiveness but also…
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VAT Shock: Nigerians to pay 7.5% on mobile bank transfers and USSD banking
What’s changing Starting January 19, 2026, Nigerians may begin paying a 7.5% Value Added Tax (VAT) on certain banking services, including mobile money transfers, USSD banking, and related transactions. The proposal, still drawing responses from customers and industry players, suggests that standard banking fees could be subject to VAT, potentially altering the cost of everyday…
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Indonesia Probes Tax Evasion by Foreign-Invested Enterprises
Indonesia launches investigations into tax practices of foreign-invested enterprises Jakarta is intensifying scrutiny of foreign-invested enterprises (FIEs) operating within the country as investigators probe potential tax evasion schemes. The move comes amid growing concern that some multinational and foreign-backed businesses may be underreporting income, overstating deductions, or exploiting loopholes in the domestic tax system. Authorities…
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China’s Condom Tax and Childcare Cuts: A Bold Gamble to Reverse the Birth Decline
China’s New Demographic Push: Taxing Condoms, Cutting Childcare Costs China has unveiled a sweeping set of demographic measures designed to reverse a demographic trend that has raised concerns among policymakers for years. Beginning January 1, condoms and contraceptive pills will be subject to a 13% tax, and the government will also cut childcare costs to…
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China Moves to Reverse Slumping Birth Rates With Condom Tax and Childcare Subsidies
China Turns to Tax and Subsidies in Birth-Rate Push In a bold move aimed at reversing a decades-long decline in births, China announced a fresh set of policies designed to encourage childbirth. The changes include a new 13% tax on condoms and related contraceptives, alongside substantial cuts to childcare costs beginning January 1. The government…
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Canada’s 2024 CEO Pay Gap Widens: Why the Richest Earned a Median of $16.2 Million
Overview: A Record Gap Between CEOs and Workers Canada’s business landscape in 2024 saw a striking earnings disparity between the country’s highest-paid chief executives and the average worker. A new report reveals that the 100 best-paid CEOs commanded an average compensation of about $16.2 million, a figure that underscores a widening gulf between executive pay…
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Tax Updates: How Farmers Donating Livestock Are Taxed and Tracked
Understanding the Tax Question: Do Donated Cattle Trigger Taxes? In the latest tax updates, many farmers asked whether gifting or donating cattle counts as a taxable event for the donor. The short answer is that, in many jurisdictions, a donation of livestock can be treated as a transfer with potential tax implications for the donor,…
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Rallying to Protect the Track: Dan Skelton on Budget Tax Threats to British Racing
Budget Fears Hover Over British Racing The autumn budget has sparked heightened nerves across the British racing community, with potential tax rises posing a real threat to the sport’s prosperity. For trainers, owners, and racecourse operators, the prospect of higher taxes could impact everything from prize money and training costs to talent development and grassroots…