News in brief: Tanzania, education, tax avoidance, Europe

News in brief
News in brief

Eden Springs bolsters Tanzanian economy by supporting education

European workplace drinks provider Eden Springs has helped breathe new life into a Tanzanian secondary school, resulting in more students taking up core science subjects, achieving better exam results than ever before.

Eden Springs has been supporting secondary schools in the coffee-growing region of northern Tanzania since 2013, as part of its charitable work with non-profit organisation People Help People-One World (PHPOW). Since the introduction of the new laboratory equipment in early 2014, the Mangi Sabas Secondary School in Moshihas witnessed a 54% increase in the number of registered science students.

CEO of Eden Springs Raanan Zilberman said: “These results are encouraging and it just goes to show how improving learning facilities can dramatically boost academic achievement. Subsequently, the prospects of these young people gaining future employment has improved dramatically. This initiative has enhanced the quality of life in the wider community.”

Research suggests that investing at grassroots level is crucial for African countries, with the World Bank’s report on knowledge development showing a correlation between better education in mathematics, science, and engineering and a country’s improved economic performance.

European Commission tackles corporate tax avoidance

The European Commission has announced proposals aimed at a coordinated EU-wide response to corporate tax avoidance.

Responding to the announcement, RSM corporate tax partner Rebecca Reading called the proposals a positive step towards stamping out aggressive tax practices practised by large corporates at a European level. She claimed that they align well with the OECD’s tax avoidance measures announced last year.

“The UK is already on board with many of the measures introduced by the OECD and so there won’t be too many changes here for us to address,” said Reading. “However I do think it will be a different matter for a number of other countries who will now have to radically re-think their approach to tax.”