Kenyans are bracing for more hard and tough times over the proposals in the 2023 Finance Act. The tabled financial bill is reinstating 16 per cent value-added tax on petroleum products as well as introducing a housing levy of 3 percent. Prices of nearly all goods and services have gone up in recent months including […]
Through democracy’s implementation of Capitalism, the government is responsible for Pakistan’s electricity crisis. The present capitalist system ensures that through privatization a few private owners, foreign and local, fully benefit from electricity resources whilst the public faces hardship. Privatization raises electricity prices so that the private owners can profit in their business. As an example […]
Electricity is expensive because of the capitalist economic order. Private companies raise costs to ensure profits. In Islam, electricity is public property that cannot be privatized. The Messenger of Allah (saw) said, «المسلِمونَ شُركاءُ في ثلاثٍ في الكَلَإِ والماءِ والنَّارِ» “The Muslims are partners in three things; pastures, water and fire (energy)” (Abu Daud). The […]
The increase in taxes in Ukraine will provoke a slowdown in the economy and will automatically lead to an increase in prices for goods and services. This was stated by investment analyst Eric Nyman.