The Inter-American Development Bank (IDB) says tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity. The Washington-based financial institution said revenue statistics in Latin America and the Caribbean this year, shows that the average tax-to-gross domestic product (GDP) ratio in the LAC […]
Twitter in a report said it’s looking to double annual revenue to at least $7.5 billion and reach 315 million users in 2023. On the back of that announcement the company’s share climbed by more than 8%. Twitter also said it will increase the number of features to generate an increase revenue and users. The social media platform has been […]
Jamaica welcomed approximately 4.3 million visitors in 2019, comprising 2.7 million stopover arrivals and 1.6 million cruise passengers, whose combined spending contributed to the destination earnings of US$3.64 billion. Minister of Tourism Edmund Bartlett made the disclosure recently in the country’s 2020/21 Sectoral Debate in the House of Representatives. He stated that stopover arrivals last year increased by 8.4 percent, […]
Google for the first time has revealed its YouTube platform as the golden goose in terms of its advertising revenue generation. The company announced that YouTube generated $15.1 billion in ad revenue in fiscal 2019, including $4.7 billion in the fourth quarter. The company disclosed the numbers in its quarterly earnings report, which also included fiscal 2019. Pollyanna Davy, Readers […]
