Macau's fiscal revenue may fall below expectations, Secretary urges financial prudence

Macau's fiscal revenue may fall below expectations, Secretary urges financial prudence

Macau Secretary for Economy and Finance Tai Kin Ip warns that the SAR's fiscal revenue in 2025 might "not be as optimistic as expected," emphasizing that the government must manage its finances prudently. The post Macau’s fiscal revenue may fall below expectations, Secretary urges financial prudence first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Fiscal reach: Many authorities are attempting to bridge tax revenue gaps by introducing levies on electronic transactions

A number of sub-Saharan African countries have sought to introduce taxes on mobile transactions, in response to the sustained uptake prompted by the Covid-19 pandemic. While such moves have been met with criticism, they represent an opportunity to boost tax revenue significantly. The Covid-19 pandemic and its knock-on effects gave rise to a sharp increase in electronic payments across the African continent – a trend that is set to continue. In p…