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IMF’s mission to conclude by new subsidy cut, no taxes, job creation

The International Monetary Fund’s (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMF’s delegation will hold meetings with the leaders of the ministry of finance to discuss …

Shaimaa Al-Aees

Real estate taxes stir controversy among property owners, industrialists

The topic of real estate taxes is one of the topics that have witnessed great controversy during the last period due to the refusal of the manufacturers and owners of the units to pay the taxes, calling on the government to cancel or postpone them. Hence, the Federation of Egyptian Industries and the chairperson of …

Nihal Samir

German cities bemoan loss of taxes from VW

Volkswagen HQ in Wolfsburg isn’t the only place where the consequences of the dieselgate scandal are being felt. Cities that host VW’s production facilities must also rejigger their budgets as VW pays fewer taxes.

Deutsche Welle