Receipt of transaction from the bank is possible only if the remittance was made via “legal means” as opposed to remittance via black market. It made claims that “unverified wealth,” is directly impacting the tax system, foreign currency, circulation of money and foreign direct investment. The Bill that is presented as a legal tool to prevent economic crimes does seem to have a feature that rather sounds illegal. The government has three ways of confiscating property/wealth ; “unverified asset confiscations,” “Confiscation not based on guilt” and “Confiscation based on based on guilt”The draft bill has triggered extensive conversation among Ethiopians in social media including activists and politicians. The Amharic copy of draft bill is available HERE__Join our Telegram Channel : t.me/borkenaLike borkena on FacebookBusiness Listing/Business DirectoryJoin the conversation.

Source: Ethiopian News June 18, 2024 03:26 UTC