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As this will be my last newsletter before the forthcoming festive holiday, may I take this opportunity to wish you a very enjoyable break with family and friends.
I read a recent International Monetary Fund (IMF) Fund blog titled “How Property Taxes Can Help Low-Income Countries to Develop”. It stated: “Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level.” It went on to state: “The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product - and 16 percent for low-income countries.
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