House of Federation to Lead Tax Distribution

Jun 12 , 2021

A proclamation drafted by the House of Federation and approved by parliament last week has concluded that an office under the former is to oversee the government's activities in the distribution of concurrent taxes and subsidies. The proclamation, which has been in the making for over a year, initially planned to establish a federal subsidy and shared revenues commission that would in charge of concurrent tax and subsidy distribution. As stated in the Constitution, the federal and regional state governments are permitted to concurrently levy and collect taxes from enterprises they own jointly. This applies to personal income taxes on employees working in these same enterprises among others. Despite this, there has not been a legal framework that clearly defines how the process is to be carried out. The proclamation thus aims to bring about a transparent and fair distribution system.


Arcane Markers

Hamere Berhan' at old post office prints books using ancient paper made from animal skin called 'Birana' .  The printing press is part of EOTC Ethiopian Tewahdo Orthodox Church which has had scribes for close to two millenia. Shortage of paper is still a problem in Ethiopia all newsapapers in the country are printed at one printing press , Birhana Selam around 4 kilo. This due to the fact there is a shortage of paper supply , no other printing press the government owned one have the forex to i...


Green Shift

A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man made climate change has gained steam over the last few years. African countries have shifted gear in tryin to unlock climate financing from the global north. With debt to GDP ratios averaging around 62pc continent wide, many countries are utilizing the climate narrative to get debt structuring. This one of the appeals of the PM of Ethiopia when he addressed the AU summit a month ago...


Strucural Makeover

Area around Ambassodor famous for its souvenir shops is getting demolished for real estate development. The A.A city administiration has ramped up efforts to remodel the city' s architecheure over the last few months. The capital was established by his majesty Emperor Menelik 137 years ago. He has also introduced the first telephone, car , hotel, hospital and host of other things to the country. A construction project headed by the mega projects office is 70 pc complete to commemorate his victor...