Grant Thornton: Analysing the Impact of the Intermediary Financial Transactional Tax

The government recently increased the intermediary financial transactions tax from USD0.05 per transaction ta USD0.02 per every dollar transacted. This article tries to analyse the impact of the new financial transaction tax on consumption (that is, demand and supply). What is the 2% intennediary financial transactions tax?

Bill Watch 32 - 2018 Electronic Money Transfer Tax: Still Illegal

BILL WATCH 32/2018

[23rd October 2018]

Electronic Money Transfer Tax:  Still Illegal

At the beginning of this month the Minister of Finance and Economic Development announced an increase in the Intermediated Money Transfer Tax [i.e. the tax on electronic money transfers] from five cents per transaction to two cents per dollar transferred.  The increase, he said, would become effective immediately. 

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