Abstract Taxation represents a fundamental component of fiscal policy. Its design aims to fund public goods, redistribute income, and shape social behavior. Nonetheless, tax policies frequently produce outcomes that diverge from policymakers’ intentions. These unintended consequences—ranging from tax avoidance and
In this second edition of Sauti, Liberty Sparks dives deep into the evolving intersections of economic freedom, digital innovation, trade policy, and regional integration shaping East Africa’s future. From the challenges of internet restrictions in Tanzania that limit digital and
A Nobel Prize winner in economics, Amartya Sen, gave a good concept of development. In his book Development as Freedom, he writes, “We live in a world of unprecedented opulence, of a kind that would have been hard even to
By Francis Nyonzo. The modern microfinance model, which uses group lending, was once considered a panacea for poverty alleviation. The originator of the idea, Prof. Muhammad Yunus, received the Nobel Prize for it. He was once quoted saying, “The only
By Francis Nyonzo In my recently published paper on denominational inflation, I have shown how currency with the highest denomination affects price setting and causes inflation. Focusing on Tanzania as the case study, the research has shown that it
With Donald Trump’s administration allowing a self-imposed trade deadline to expire on August 1st, a cascading effect of new tariffs was released on a list of 69 countries. The decision, part of “America First” Trade Reset was intended to punish what
By Muoki Musila It’s a sovereignty issue… When I questioned whether the Pan-African Payment and Settlement Systems (PAPSS) could survive the looming digital currency wars, I had no idea that it would roar back with a double-barreled announcement. The intra-African
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