Ethiopia Raises Revenue Goal to $12.5B with New Tax Measures
Ethiopia sets ambitious revenue goal, introduces new taxes to reach target, amidst economic reforms and IMF bailout
Riley King
The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple, alleging that the tech giant is complicit in the nation's mineral wars by using conflict minerals in its supply chain. The complaints, filed in France and Belgium, accuse Apple's local subsidiaries of multiple offenses, including sourcing primary minerals from conflict zones.
The DRC is a significant source of tin, tantalum, tungsten, and gold, crucial for manufacturing electronics. However, artisanal mines in the DRC are often linked to armed groups, who have been reported to commit human rights abuses and fuel conflict. The Congolese government claims that Apple's supply chain may involve minerals sourced from the DRC and sold through international markets, potentially linking the company to the region's humanitarian crisis.
In September 2023, DRC President Felix Tshisekedi met with Amsterdam & Partners LLP to investigate illegal exports of 3T minerals. The firm notified Apple CEO Tim Cook and its French subsidiaries, requesting answers within three weeks. Following its investigations, Amsterdam & Partners LLP intends to "engage, if appropriate, in litigation internationally on behalf of the DRC against individuals and companies involved, willingly or unwillingly, in the chain of extraction, supply and commercialization of natural resources and minerals that are pillaged from the DRC."
Apple has denied directly sourcing primary minerals from conflict zones, emphasizing its commitment to ethical practices. The company states it audits suppliers, publishes findings, and funds initiatives aimed at improving mineral traceability. In a memo filed with the U.S. Securities and Exchange Commission in 2023, Apple argued that none of the smelters or refiners of 3T minerals or gold in its supply chain had financed or benefited armed groups in Congo or neighboring countries.
However, the allegations against Apple have significant implications for the tech industry as a whole. The use of conflict minerals has been a long-standing issue, with various organizations, including the United Nations, documenting the human rights abuses and regional instability associated with these practices. If found guilty, Apple could face significant reputational damage and potential legal consequences.
The case also highlights the complexities of global supply chains and the challenges of ensuring ethical sourcing practices. As the tech industry continues to grow and evolve, companies must prioritize transparency and accountability in their supply chains to avoid complicity in human rights abuses and environmental degradation.
In conclusion, the criminal complaints filed against Apple by the DRC have far-reaching implications for the tech industry and global supply chains. As the case unfolds, it will be crucial to monitor developments and assess the impact on Apple's reputation and the industry as a whole.
Ethiopia sets ambitious revenue goal, introduces new taxes to reach target, amidst economic reforms and IMF bailout
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