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2024-09-05 15:07:18

Implausible Deniability on Nostr: 🇿🇦 South Africa to push global digital tax reform as G20 chair The reform is ...

🇿🇦 South Africa to push global digital tax reform as G20 chair

The reform is aimed to ensure that major global platforms pay taxes in the countries where they generate revenue. Speaking at the MTN-UJ Media Innovation Summit, Deputy Minister Kenneth Morolong emphasized the need for a global digital tax, particularly targeting monopoly platforms that operate without a physical presence. This would not only create fair competition for local digital platforms but also expand the tax base for critical social investments in South Africa.

🌍 With its G20 presidency starting on December 1, South Africa will also use its leadership to highlight the development challenges facing Africa and the Global South. Minister Khumbudzo Ntshavheni reportedly affirmed the country’s commitment to using international platforms like the G20 to address these critical issues, with the G20 Summit scheduled to be hosted in South Africa in 2025.

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