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Since then the bank has been operating with an objective of enabling the domestic economic environment for attaining the sustainable economic growth.
Important functions of the Maldives Monetary Authority are as follows:
With regards to the structure, there is a Board of Directors as the highest policy making body of the Maldives Monetary Authority. The Minster of Finance & Treasury is the ex-officio Governor of the board.
From the administration point of view the Maldives Monetary Authority has following divisions:
In Nigeria, as well as around the world, a majority of taxpayers view tax not as a contractual contribution to government expense, but as an involuntary tribute to be paid to avoid prosecution and penalty. Merely transcribing taxes from economic textbooks into local law will not work; tax regimes have to be developed from within the society, and targeted at the peculiar needs of the government. Tax policies have to be written by the people – and for the people. Only then would a sense of participation and expectation be truly generated, and the tax system manifestly effective. Read more
Stephen S. Roach,
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