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The imperative of systematic indexation for individual tax brackets in Uganda

OPINION | Bwanika Mastula | In fiscal policy, systematic indexation of individual tax brackets is crucial for equity and economic stability. As nations grapple with complex taxation systems, regular adjustments to tax brackets in response to inflation and economic shifts are increasingly necessary. A tax band, or tax bracket, is a range …

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The dollar diplomacy we need

  COMMENT | ANDREW GALLUCI |  Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money. During the BRICS Summit in Kazan, Russia, the Bank for International Settlements revealed that it was withdrawing from the digital-asset and payments initiative Project mBridge. Conceived in 2022 as a …

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The sources of Japanese resilience

COMMENT | CHRIS PATTEN |  I first visited Japan as a young member of the UK Parliament in the early 1980s. Yukio Satoh, an ambitious and forward-thinking diplomat who would later serve as Japan’s ambassador to the United Nations, had recently been posted to the country’s London embassy. Recognizing that the …

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Why Bidenomics did not deliver at the polls

What accounts for Vice President Kamala Harris’s disappointing electoral performance, especially with working-class voters? COMMENT | DANI RODRIK |  As US president, Joe Biden charted a new economic path for the Democrats by siding unabashedly with the working class and introducing a wide range of industrial policies to reinvigorate manufacturing, reshore supply chains, …

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