Ethiopian Business Review

The Harsh Reality Facing Firms Accused of Tax Evasion and their Employees

The subject of tax evasion, which refers to illegal practices used to escape from taxation, embraces many dimensions and problems. Global Financial Integrity estimates a sum of USD285 billion economic loss occurs in developing countries a year because of tax evasion. Although the exact figure is hard to find in Ethiopia due to insufficient data and different estimation techniques, tax evasion activities remain one of the major problem in Ethiopia. Even recently, the government announced that 135 companies were implicated in tax evasion activities, totaling around ETB14 billion. However, companies which are accused of involvement in tax evasion, as well as tax experts, stress that the gaps in the tax law is costing businesses unnecessary money, on top of leaving thousands of employees jobless as EBR’s Ashenafi Endale reports.

Wednesday, 15 May 2019 06:00
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 All over the world, the wage gap between men and women has become a point of debate. In many countries, men and women are not compensated equally for working in the same positions, to varying degrees in different areas. In Ethiopia, women make around 63 cents for every birr earned by men. There are also issues with being able to access equal employment opportunities, as EBR’s Ashenafi Endale found.

Monday, 15 April 2019 03:00
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Ethiopia's Economic Slowdown Takes A Toll

Ethiopia been praised by the global community for its outstanding economic performances for decades.  Although the country has registered one of the highest economic growth rates in Africa, the economy has been slowing down in recent years. In December 2018, the International Monetary Fund announced that Ethiopia’s economic growth dipped to 7.7 pct in 2017/18, due to political uncertainty and severe foreign exchange shortages. Now, Ethiopia’s economy seems to be at a crossroads. While the decline of exports, a rise in prices, a drop in construction activities and the disruption of main trade routes signal that the economy is indeed slowing down, experts are worried that decreasing state involvement, coupled with the drop in government spending, will make the problem worse, as EBR’s Samson Berhane reports.

Saturday, 16 February 2019 03:00
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