After failing to block from the ballot a measure that would enact a billionaire tax in his state, California Gov. Gavin Newsom is now proposing a national wealth tax of his own. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. In a lengthy Substack post and video…
Daniel Swiegers, director of TaxTim. (Source: Supplied) TaxTim’s new artificial intelligence tax assistant, TimAI, is programmed to say “I don’t know” rather than fabricate an answer when it’s outside what it can reliably handle. The WhatsApp-based AI tax assistant offers instant tax answers free to anyone in the country. TimAI, which is already available, will…
The South African Revenue Service says AI has already blocked more than R100-million in impermissible outflows – and that is just the start of an ambition that stretches to AI agents potentially handling the bulk of taxpayer interactions. Speaking during a media Q&A at a Sars event in Pretoria previewing the 2026 filing season on…
Tax Justice Network Africa (TJNA) Executive Director Chenai Mukumba has challenged civil society organizations and media practitioners across Africa to become more actively involved in shaping tax policy and monitoring government revenue mobilization efforts, warning that fair taxation and accountable public finance management are critical to the continent’s development future. Mukumba made the call Monday…
Stepping up the pressure before the upcoming G7 conference in France, US President Donald Trump has renewed threats to hit the country with massive retaliatory tariffs unless it repeals its controversial digital services tax. Read: Siri AI: A deep dive into Apple’s new intelligent assistant The primary target of the administration’s focus is France’s 3%…
Bilateral aid to Africa fell by nearly a quarter in 2025, the largest annual decline in the history of official development assistance. Meanwhile, sovereign debt interest payments now consume on average 27% of government revenues across the continent, up from 19% in 2019. The pressure to fund development from within has never been greater. But…
Many taxpayers assume that if a deduction is valid, the timing of the claim is a minor issue. However, a recent Tax Court judgment shows that tax deduction timing can be critical, with mistakes potentially leading to lost deductions, SARS penalties and costly disputes. The Tax Court Case That Put Timing Under the Spotlight The…
SARS import duties have sharply slowed cross-border e-commerce growth and intensified competition between local retailers and global platforms. (Image source: 123RF) South Africa’s cross-border e-commerce sector is entering a slower, more competitive growth cycle, primarily as a result of the import duties introduced by the South African Revenue Service (SARS) in 2024. This is one…
Bulawayo, Zimbabwe — African countries are exploring ways to tax high-earning individuals as the continent seeks to expand its revenue collection amid what experts say is a growing gulf between rich and poor. The numbers are staggering. According to Oxfam, “the richest 5 percent in Africa now hold nearly USD 4 trillion in wealth, more…
The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
