finance | banking | taxes


US to investigate Brazil’s digital payment system
As Brazil’s Pix system expands and BRICS eyes a reserve currency, Trump responds with a 50% tariff and a sweeping trade investigation.
S. Korea pays compensation to US hedge fund Mason
South Korea's government has paid US$54 million to US hedge fund Mason Capital following an investor-state dispute settlement (ISDS) ruling.
South Korea wins UK appeal over arbitration ruling in Samsung merger case
South Korea won its latest appeal in its dispute with US hedge fund Elliott over the 2015 merger of two affiliates of Samsung, shortly after the electronics group's Chairman Jay Y. Lee was cleared by South Korea's top court.
Victory for Trump as EU backs down on digital taxes in next budget
Shelving the plan could help EU persuade the US to give it a more favorable trade deal and comes just two months after the Commission suggested it.
AfCFTA adjustment fund credit fund commits US$ 10m in Telecel Global Services Ltd
The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund.
Croatia loses dispute, must pay 17,5 million euros to Societe Generale
Croatia has lost the multi-year arbitration dispute that the French bank Societe Generale was leading against it before the International Center for Settlement of Investment Disputes in Washington.
Trump bullies Canada on behalf of Big Tech, workers continue to lose out
Canada announced that it would drop its 3 percent digital services tax on major technology companies after President Trump announced he would be “terminating” all trade discussions with Canada because of its digital tax.
Canada rescinds digital services tax after Trump suspends trade talks
Ottawa said Prime Minister Mark Carney and President Donald Trump had agreed to resume negotiations on a trade agreement and would aim to reach a deal by July 21.
Trading away tax sovereignty? How trade rules shape taxation of the digital economy in Africa
The advent of digital and data-driven business models has heightened the risks of tax base erosion and evasion, adversely affecting revenue generation, economic recovery, and advancement of tax justice in African economies. We develop a framework examining how trade rules on services, electronic transmissions, and digital products shape the ability of African countries to tax their digital economies.
No digital justice without fiscal justice
An international digital trade regime should respect and enable the fiscal sovereignty of all countries, including the right to tax cross-border digital services.