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« "Save My Wife" (3): How to Help | Main | The Reunification Question in Cameroon History: Was the Bride an Enthusiastic or a Reluctant One? »

September 28, 2006

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African

Of course Cameroon undertaxes its people. Cameroon is totally corruption free and there are no barriers at all to economic initiative. Therefore it is a complete mystery why it has dropped on that scale.

Acha

Cameroon revises tax on essential commodities


Yaounde, Cameroon, 09/30 - The Cameroonian government Thursday announced the revision of taxation on certain basic commodities.

According to an order signed by President Paul Biya, frozen fish, rice, raw salt, flour, maize and its by-products are exempted from value added tax (VAT), while their customs tariffs are reviewed downward.

This measure, the government said in a statement, is intended to raise the purchasing power of the Cameroonian people after the heavy sacrifices they endured for the country to reach the completion point of the Highly Indebted Poor Countries (HIPC) initiative.

The Cameroonian government has already initiated several actions meant to improve the living conditions of the people, particularly in areas such as infrastructure, basic education (which is now free) and public health.

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