Nepal has tried and abandoned taxes on private schools four times in two decades, and the piece argues the latest repeal wasn’t really about political pressure from school associations, it was a sign that Nepal’s underfunded public system was never actually built to absorb the students or revenue such a tax would send its way.
We often talk about affordability in terms of currency. But what if we measured it in time? … In London, a jumbo pack of Pampers diapers costs me 1.04 hours of work at minimum wage. In Kathmandu, the same pack costs 23.25 hours of work. I suddenly realized this is not a mere price gap but a life gap.
As the global economy becomes more interconnected and digital and the world has to increasingly face the challenges above along with obstacles related to digital taxation and cryptocurrency, renegotiating and updating Double Taxation Avoidance Agreements (DTAAs) is essential.
Strong research, documentation, planning, implementation and support can help build SEZs and foster growth as desired.