Kenya does not need to increase its Value Added Tax (VAT) rate to generate higher government revenue, according to a new study by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), which argues that improving tax administration, expanding compliance and leveraging digital tax systems would be far more effective than imposing higher tax rates. The findings come at a time when Kenya continues to debate its tax policy following a series of Finance Bills aimed

Goa’s long-awaited casino regulations may remain on hold until after the state assembly elections scheduled for February 2027, potentially prolonging regulatory uncertainty for the state’s gaming industry. According to a report published by The Times of India on July 27, the Goa home department has completed drafting the Goa Public Gambling Rules. Despite the draft being finalised, the regulations must still be published in the Official Gazette before being placed before the

Cyprus' financial system remains resilient and well-capitalised, but heightened geopolitical tensions, global economic uncertainty and emerging risks continue to pose significant challenges to long-term financial stability, according to the Central Bank of Cyprus (CBC). The warning comes in the bank's 2025 Financial Stability Report, which concludes that although the country's banking sector has strengthened considerably, vigilance remains essential in an increasingly uncerta

Police in Bristol have arrested two people as part of an ongoing investigation into the suspected operation of an illegal casino, highlighting continued enforcement efforts against unlawful gambling activities and organised criminal enterprises linked to the sector. The investigation was carried out through a joint operation involving local police, the UK Gambling Commission and the South West Regional Organised Crime Unit (SWROCU). The investigation centred on a property in