GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Goldman Sachs sees gold surge in 2021, good news for some countries in Africa

The American Goldman Sachs believes that unfavorable market conditions will promote strong demand and therefore the rise in gold prices. This is good news for African countries producing this resource and certain central banks on the black continent. 

Goldman Sachs sees gold surge in 2021, good news for some countries in Africa

According to a team of analysts from the US investment bank Goldman Sachs, the value of gold will rise in 2021, supported by strong demand from investors who will be looking for a safe haven against the return of inflation, learns- one from several corroborating media sources. These forecasts point to a price of gold at $ 2,300, which implies an increase of 22% on its current value over the next 12 months.

Investors are constantly looking for ever stronger net margins. However, some indicators suggest that for those who have invested in US Treasury bills and bonds, returns may not meet expectations.

The US Federal Reserve maintained its targets to buy back government bonds at a rate of $ 80 billion per month. At the same time, it continues to keep its key rates close to zero percent.

In this type of configuration, analysts at JP Morgan, the other US investment bank, expect inflation (rising prices due to the abundance of money in circulation) to return, and come find very low interest rates; which would constitute losses for investors.

At the same time, the employment and consumption figures indicate that the economic recovery will be very slow. A slow return to normal, confirmed by rating agencies S&P Global Ratings and Moody’s. Investing in stocks is unlikely to be the right choice at these times. 

China could have been an alternative. But its bond market is scary, since it has been learned that several state-owned companies have not honored their debt repayment commitments. Investors are scared of political interference in billionaire Jack Ma's Ant Group IPO and takeover of Hong Kong.

Thus, gold will be the most popular real asset as a means of protecting against fluctuations in various financial markets. This is good news for several African countries, notably Ghana, South Africa, Mali and Burkina Faso, which are significant producers of gold on the black continent. It will also be good news for several central banks in the region.

In the 2019 annual reports of the BEAC and the BCEAO, it was clearly seen that the rise in the value of gold stocks helped to solidly improve the financial results of the two institutions.