The Complexity of Ghana’s VAT System and Its Impact on Business A tax partner at Price Waterhouse Coopers (PWC), Abeku Guan Quansah, has raised concerns about the cascading effect of levies within Ghana’s Value Added Tax (VAT) system. He emphasized that taxes play a significant role in shaping business behavior, investment decisions, and overall economic…
Controversial Property Tax Proposal Sparks Backlash Rachel Reeves, the Chancellor of the Exchequer, has faced significant backlash over a potential and controversial overhaul of property levies. The proposed plan involves replacing stamp duty with an annual charge on homes valued at more than £500,000. This move has raised concerns among experts and members of the…
Overview of Revenue Collection Costs in Nigeria The Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have seen a significant rise in their cost of revenue collection for the first half of 2025. According to data from the National Bureau of Statistics, these agencies collectively retained…
The Crisis of Illicit Financial Flows in Nigeria Nigeria, a nation rich in natural resources such as oil, gas, and minerals, along with a large and industrious population, continues to face significant challenges in fulfilling its financial obligations. Public schools often suffer from poor infrastructure, hospitals lack essential supplies, and many infrastructure projects remain stalled…
New Tax Law in Nigeria: Stricter Penalties for Non-Compliance Nigeria has introduced a significant update to its tax administration system with the enactment of the Nigeria Tax Administration Act, 2025. This new law empowers the Federal Inland Revenue Service (FIRS), now rebranded as the Nigeria Revenue Service (NRS), to impose substantial fines and penalties on…
The Debate Over Capital Gains Tax and Wealth Taxes A leading expert on taxation has called for a re-evaluation of capital gains tax (CGT) as a means to address a significant shortfall in public finances. Arun Advani, who leads the Centre for the Analysis of Taxation think-tank, suggests that adjusting the CGT system could generate…
The Push for a Sugar Tax in Australia Gains Momentum Australia is witnessing growing support for a tax on sugary drinks as part of efforts to combat rising obesity and diabetes rates. The Australian Medical Association (AMA) has proposed a new tax aimed at reducing the consumption of beverages high in added sugar, such as…