Oxfam report warns of danger ahead as gap widens between rich and poor In 1990, just one in 10 people living in extreme poverty around the world lived in Africa. In 2024, it was seven in ten. Since 2020, the number of people living in extreme poverty on the continent has risen by over 40…
The South African Revenue Service (SARS) has issued a Request for Information (RFI) for an advanced Artificial Intelligence (AI) system featuring “digital twinning” capabilities. This initiative aims to enhance automated decision-making and is a key part of SARS’s broader strategy to modernize its IT platforms and significantly boost tax collection. Read: Honor unveils the world’s…
WASHINGTON — The Social Security Administration has sent a misleading email to beneficiaries stating that President Donald Trump’s sweeping tax cuts and spending law eliminates taxes on Social Security benefits for most recipients. “The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful…
Anthony Zurcher: Passage of megabill is big win for Trump US President Donald Trump has signed his landmark policy bill into law, a day after it was narrowly passed by Congress. The signing event at the White House on Friday afternoon, coinciding with 4 July celebrations, enacts key parts of the Trump agenda including tax…
President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms. Trump’s surprise announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax. “We will let Canada know…
The South African Revenue Service (Sars) has issued a request for information (RFI) for an advanced AI system with “digital twinning” capabilities to assist with automated decision making as its seeks boost tax collection. The move is part of the tax agency’s wider plan to modernise its IT platforms. Sars has requested companies with the…
Global leaders attending the SB62 Climate Summit in Bonn are under growing pressure to reconfigure agricultural subsidies in favour of crop production, as leading food systems advocates and UN agencies warn that current policies are driving hunger, poor diets, and environmental degradation. Experts from the World Health Organization (WHO), Food and Agriculture Organization (FAO), and…
Logan Wort on how the African Tax Administration Forum ( ATAF) evolved from crisis response to strategic institution—and why Africa’s tax future depends on scale, speed, and unity When we first imagined ATAF, there was no guarantee it would survive, let alone thrive. There had been other attempts to coordinate tax cooperation in Africa, but…
Aligning digital asset classification with onshore status could strengthen SA’s position in the fast-evolving digital finance space. South African crypto-currency players are calling for regulatory changes that will see digital currencies being declared onshore assets in the country. They note South Africa’s regulatory grey zone around digital currencies may be holding back significant investment potential….
Kemp Munnik, structuring and tax strategy specialist. The world of tax consulting is on the cusp of a transformation few could have predicted just a decade ago. I recently had an in-depth conversation on this topic with Johan Steyn, a well-known artificial intelligence (AI) thought leader. AI is not only revolutionising how tax firms operate…
