Author: The Editorial Team

LAGOS (Capital Markets in Africa) — The Biden administration’s plan to pursue a 50% reduction in U.S. greenhouse gas emissions by 2030 is hugely encouraging. It’s already spurred other nations, including Canada and Japan, to adopt more aggressive plans of their own. But global progress in the coming decades will hinge on what happens in developing nations, especially India and China, now the biggest emitters of greenhouse gases. There’s another looming problem, too. In a…

LONDON (Capital Markets in Africa) — The U.K. tax office will begin demanding information on cryptocurrency holdings from individuals suspected of tax avoidance or evasion. Her Majesty’s Revenue and Customs is set to update its “Statement of Assets” form, which all individuals being investigated must fill out, a spokeswoman for HMRC said Wednesday. “We take robust action to make sure that everyone pays the tax due—from individuals operating in the hidden economy through to action…

NEW YORK (Capital Markets in Africa) — Joe Biden took the riskiest step of his presidency with a call for higher taxes on the wealthy to fund a massive investment in the nation’s social safety net, betting he could sell the American public on sweeping change following a pandemic that exacerbated economic and social divides. Biden devoted his first address to a joint session of Congress to a call for “a once-in-a-generation investment in our…