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Somalia Traders Protest IMF-Backed Sales Tax, Shutting Businesses for Second Day

  • Traders in Somalia shut down businesses to protest the introduction of a sales tax
  • The tax is a key reform for the government and was necessary to secure a $100 million lifeline from the IMF
  • Commerce in Somalia was interrupted for a second day due to the protests

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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