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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.
Many people have been killed since clashes began on Monday. Scores too had been killed in the run up to the vote as protestors marched against Conde's bid for a third term.
BY JIM TURNER NEWS SERVICE OF FLORIDA TALLAHASSEE – Gov. Ron DeSantis on Monday named John Davis, the executive vice president of the Orlando Regional Chamber of Commerce, to fill the long-vacant position of secretary of the Florida Lottery. Davis, a standout safety in the early 1990s when the Florida State Seminoles were annually in […]
The post Orlando chamber of commerce leader to head Florida Lottery appeared first on Florida Courier.
Mayor Lori E. Lightfoot today joined Chicago Department of Public Health (CDPH) Commissioner Allison Arwady, M.D., and Business Affairs and Consumer Protection (BACP) Commissioner Rosa Escareno to announce a re-tightening of COVID-19 restrictions in response to a recent, rapid rise in cases and hospitalizations over the past two weeks. Beginning Friday, October 23rd at 6:00 … Continued
The post Mayor Lightfoot, CDPH, and BACP Reinstate Targeted COVID-19 Restrictions in Response to Rapid Rise in Cases and Hospitalizations appeared first on Chicago Defender.
VIGO, Spain - A couple who left their careers behind in Argentina to move to Spain didn't know how bad things were until they found a new life. The story of Veronica Kleiman and her [...]
By LISA MARIE PANE and MICHAEL KUNZELMAN Associated Press BOISE, Idaho (AP) — Voting rights advocates and state officials are on high alert over fears that U.S. polling stations could attract the same strain of partisan violence and civil unrest that erupted on American streets this year, fueled by a deadly pandemic, outrage over police brutality and one of the most contentious elections ever. Anti-government extremists and other armed civilians have flocked to protests against racial injustice and COVID-19 lockdowns. Paramilitary group members are accused of plotting to kidnap Michigan's governor before the election. President Donald Trump encouraged one far-right […]
The post Voter advocates hoping to stave off intimidation at polls appeared first on Black News Channel.
… People,” comes “Bad Hair,” an African-American-centered “hair horror” film to … .D.’s well-versed in African-American folklore, including a story about …
Good morning, California. It's Friday, October 23. Court rules against Uber, Lyft Image via iStock The stakes in the battle over Prop. 22 just got a lot higher. Uber and Lyft must reclassify their independent contractor drivers as full-fledged employees by late January, a California appeals court ruled Thursday - a decision voters could throw […]
The post Prop. 22 battle reaches fever pitch appeared first on Black Voice News.
A flagrant, predatory, and fraudulent effort to defraud voters has allegedly occurred in a South Los Angeles senior citizen housing complex in Jefferson Park.
The post Investigation Launched After Senior Citizens in South LA Victimized By Voter Fraud appeared first on Los Angeles Sentinel.
SPECIAL TO THE FLORIDA COURIER Aquino Cole, professionally known as “Kino Ink,” is releasing his debut single, “Write A Way” to launch his career as a rap musician. The single is a PSA wake-up encouraging young people to not only register to vote but cast their ballot in the upcoming Nov. 3 election. “I want […]
The post B-CU alum’s debut rap single encourages young people to vote appeared first on Florida Courier.
The International Monetary Fund (IMF) on Friday said the economic impact of the coronavirus (COVID-19) pandemic on the Caribbean has been “massive”, particularly for tourism-dependent countries in the region, but that lower commodity prices were also having a “major impact” on Caribbean commodity exporters.
