Taskforce to speed up tax payments to government

This was announced today by Chief Secretary, Isaac Lupari, when speaking to Internal Revenue Commission staff today.

Lupari said the Task Force will comprise of the IRC, Office of Migration, Customs, and the Central Bank.

Their main role will be to do a Tax audit on big taxpayers (companies) and visit shop and business entity’s.

Lupari said the Task Force will begin operations in Moresby and head out to other provinces.

He said many businesses are not paying taxes and are operating under the radar of organizations like the IRC.

The number of companies weaning off carbon is surging

Corporations are finally starting to quit carbon.

The number of companies putting a price on their own carbon emissions has tripled since last year, according to a report released Sunday by the environmental data nonprofit CDP.

By assigning a cost to the production of greenhouse gases, companies hope to establish a financial incentive to wean themselves off fossil fuels. In-house carbon pricing also helps mitigate the effects of current or potential regulation. Carbon prices range from $1 per metric ton of carbon dioxide to $357.