fbpx
Friday , November 27 2020

Business

In order to facilitate online procurement of COVID’19 Afreximbank provides $100 million overdraft facility for African States

In order to facilitate online procurement of COVID'19 Afreximbank provides $100 million overdraft facility for African States

The Pan-African multilateral EXIM bank, African Export-Import Bank (Afreximbank), in order to help it member states to procure COVID’19 related medical through the Africa Medical Supplies Platform (AMSP) announces $100 million financial support in the form of pre-approved overdraft limits for each African government, the funding is available to African …

Read More »

Judge blocked TikTok download ban

Judge blocked TikTok download ban

The trump administration attempt to ban TikTok downloads in the U.S. has been banned by a federal judge, while caught in a battle of brinkmanship between global super powers, giving the Chinese-owned app a short-term victory as it scrambles to ensure its future. More time has been given to TikTok …

Read More »

According to the UN report, Nations lose $500 billion to profit-shifting enterprises annually.

According to the UN report, Nations lose $500 billion to profit-shifting enterprises annually.

According to a UN Nations panel of experts profit-shift enterprises cost governments about $500 billion (N190 trillion) in losses annually. Multinationals use the profit-shift which is a corporate tax planning strategy to move profits from higher-tax jurisdictions to lower-tax jurisdictions which reduces their tax burdens in the higher-tax jurisdictions. The …

Read More »
error: Content is protected !!