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THE 2021 budget presented by the finance minister Mthuli Ncube to Parliament shows that the minister was living in a ‘fantasy world,’ according to academic, Professor Austin Chakaodza. “Some of the major challenges facing our society are issues of poverty and unemployment. Ninety percent of the people of Zimbabwe were already unemployed before the eruption of COVID-19. The majority of the people continue to lack certain basic capabilities which are encapsulated in the socio - economic rights guaranteed in the constitution,” he said. “They continue to be deprived of basic capabilities - such as the capability to be free from hunger, to live in good health, to be literate and access to a social security safety net. This budget does not fulfil a number of human rights such as the right to food, health, education and training,” Chakaodza said. A big part of Mthuli 2021 budget is a range of new tax measures to fund the ambitious $421,6 billion budget. The highlight of this plan is how the taxman plans to go after the informal sector, which is the bulk of the economy but pays little tax. From new and higher taxes to a new tax unit targeting SMEs, it is a budget that gives away very little, but takes a lot. Here is how some of Mthuli’s measures will affect you. If you are a low-income earner There is not much tax relief for you. The tax-free threshold has only been raised slightly from $5 000 per month to $10 000 per month. Tax bands will begin at $10 001 and end at $250 000 per month. This does little for the poorest workers. For perspective; in October, a Zimbabwean family of five needed $18 750 just to stay above the poverty line. If you earn more than $250 000, you pay the highest marginal tax rate of 40%. If you are expecting a bonus, the bonus tax-free threshold has gone up from $5 000 to $25 000, with effect from 1 November 2020. If you were tired of the 2% tax, sorry The 2% tax on mobile money and other electronic transfers stays. The tax has been unpopular since it came in 2018, but Mthuli says it has “generated substantial resources that have enabled Government to support various infrastructure projects”, including the COVID-19 response. So, the Minister isn’t giving much of this cash-cow away. You will no longer pay the 2% for transactions of up to $500, which is just a small increase from the current $300. For forex transactions, this tax will apply above US$5. The maximum of this tax that your business can pay has been raised from $25 000 to $800 000 on transactions with values exceeding $40 million, with effect from 1 January 2021. If you were planning to import a car Government will now control the importation of cars that are 10 years or older. Owning a car has just slid further from the reach of the majority, who cannot afford new vehicles. According to Mthuli, Zimbabwe has spent around US$1,3 billion importing buses and used cars over the past five years. Cars older than 10 years are now off the Open General Import Licence. This means that, from 2021, you will need a special import licence for older cars.
\t On Friday, internet and international calls were cut off across the West African nation in anticipation of the election results, according to locals and international observers in the capital, Conakry.
\t This was the third time that Conde matched-up against Diallo. Before the election, observers raised concerns that an electoral dispute could reignite ethnic tensions between Guinea's largest ethnic groups.
Marc Lamont Hill says he will vote as a Democrat for the first time in this year's presidential election. The... View Article
The post Marc Lamont Hill to vote Democrat for first time in 24 years appeared first on TheGrio.
Former President Barack Obama on Tuesday fired back at White House senior adviser Jared Kushner for a quote attributed to Kushner that Black Americans have to want to be successful for President Donald Trump's policies to work for them...
The City of Milwaukee has canceled trick-or-treating this year as Wisconsin's surge in coronavirus cases shows no sign of improving. Milwaukee will not have designated trick-or-treat times like it has had in the past and the activity will not be sanctioned by the city’s Health Department since it is deemed high-risk during the coronavirus pandemic,... [Read More]
[Nairobi News] As the number of Covid-19 patients admitted to hospital rises, the Ministry of Health has raised concerns over possible stretched facilities and an overwhelmed workforce.
For the most part, treatment is supportive with hydration, rest, controlling fevers in isolation.
Source
… 47 years of cruelly betraying African-Americans.
He called them super-predators … half a century betraying the black Americans.
“He devastated black families with …
Two Broiler units, which will see the Department of Correctional Services (DCS) becoming more self-sufficient in food production and result in major cost savings, were officially commissioned into service on Thursday. This was done at the Tamarind...
By Associated Press Undefined MADRID (AP) — Prime Minster Pedro Sánchez appealed Friday for Spaniards to pull together and defeat the new coronavirus, warning: “The situation is serious.” Sánchez, in a televised address to the nation, acknowledged public fatigue with restrictions to contain the spread of COVID-19. But he added: 'We have to step up the fight,' with more limits on people's movement that will demand more sacrifices. Spain this week became the first European country to surpass 1 million officially recorded COVID-19 cases. Sánchez admitted, though, that the true figure could be more than 3 million, due to gaps in […]
The post Spain PM appeals for public unity, sacrifice in virus fight appeared first on Black News Channel.
A woman was seriously injured when a tree fell on her and other squatters this afternoon at the first flooded field at Success, East Coast Demerara.
The article Woman seriously injured after tree falls on Success squatters appeared first on Stabroek News.
The numbers are especially concerning to Black communities who have suffered disproportionately during the pandemic due to systemic racism affecting health outcomes on all levels.
LAGOS, Nigeria (AFP) - Nigeria's President Muhammadu Buhari has faced a jihadist insurgency and economic recession, but youth protests that have spiralled into widespread unrest appear to be his biggest challenge yet. The 77-year-old former military ruler has drawn fierce criticism for his slow response as the shooting of demonstrators unleashed chaos in Africa's largest city, Lagos.
By JOHN FLESHER Associated Press TRAVERSE CITY, Mich. (AP) — When members of a Michigan paramilitary group were accused a decade ago of scheming to overthrow the U.S. government, their defense was based largely on one claim: We were all talk, no action. It worked so well that a federal judge took the rare step of dismissing most charges against the extremist group known as Hutaree, without giving the jury a say. A defense lawyer in that case now represents Ty Garbin, one of six men accused of conspiring to kidnap Democratic Gov. Gretchen Whitmer because of anger over her […]
The post 'All talk, no action' defense likely in Michigan kidnap case appeared first on Black News Channel.
