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"São Tomé e Príncipe (STP) has not yet extracted a single drop of oil and is not expected to do so until 2007. Even so, because of its potential oil wealth the recent military coup in the small island-republic has attracted a lot of international ...
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"The recent political crisis and the resulting dismissal of Prime Minister Maria das Neves have again demonstrated that political instability caused by conflicts between the president and the government, factional struggles, and shifting party al...
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"When President Menezes refused to accept Prime Minister Maria das Neves’resignation following the July 2003 coup, insisting on her re-appointment,many observers expected a period of political stability because the relationship between the two se...
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"It is clear that the country’s future oil wealth cannot be considered the principal cause of the coup, although it probably influenced its timing. The rebels wanted to denounce the unequal distribution of the country’s resources before the oil re...
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"On 17 April 2003, the FDC organised a protest march in order to voice their opposition to the government. This action was also done to highlight the widespread poverty, corruption within government and misappropriation of oil funds. The FDC also ...
Publication
While tax revenues are a critical part of financing government services, many developing countries face obstacles in implementing effective and efficient tax systems. Direct taxes, such as personal income taxes, are particularly difficult to admin...
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