The case for increasing non-tax revenue
What is non-tax revenue? Non-tax revenue (NTR) includes sale of government land, charges for economic services, profit and dividend from SoEs (state-owned enterprises) and other government organisations, fines and penalties, and stamp duties. There are royalties from oil and gas companies, tolls from roads and bridges, fees from museums, import...
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A second chance to fix finance
In December 2018, US stocks recorded their biggest monthly decline since the subprime mortgage crisis. The sharp fall reflected current concerns about slower economic growth, higher interest rates, Brexit, a possible US-China trade war, and rising geopolitical uncertainty. But the recent equity-market volatility has been made worse by a global...
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As treaties collapse, can still a nuclear arms race be prevented?
The United States last week officially announced it is walking away from the Intermediate Range Nuclear Forces (INF) Treaty, an agreement made between the USA and the Soviet Union in 1987 to eliminate a whole class of nuclear weapons that had been deployed in Europe and had put the continent...
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