Tag: shed

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Namibia must shed ‘Tax Haven’ label – Windhoek Observer

Niël Terblanché The Namibian Government has announced plans to phase out its Export Processing Zones (EPZ) in favour of establishing Special Economic Zones (SEZ) in a significant policy shift aimed at revitalizing its international economic reputation. This strategic move, revealed by Minister of Finance and Public Enterprises, Ipumbu Shiimi, during the National Budget announcement in...

The world shed 3.5 million millionaires in 2022
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The world shed 3.5 million millionaires in 2022

Rising interest rates and persistent inflation in 2022 led to the first drop in total household wealth since the 2008 financial crisis. Private global wealth decreased by 2.4% to $454.4 trillion, as per the Credit Suisse and UBS global wealth report. However, the median global wealth, a more meaningful measure of how the average Joe is faring,...