Paris, France | AFP | Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington’s threat of sanctions against Paris, a French diplomatic source said Monday. The source said the French and …
Read More »Canada set to follow France lead in taxing digital giants
Ottawa, Canada | AFP | Canada will impose a levy on internet giants such as Amazon, Google and Facebook similar to France’s digital services tax that created tensions with Washington, two ministers said Monday. “We’ve been very clear that we want to make sure that digital companies pay their fair …
Read More »US urges countries to suspend digital taxes
Washington, United States | AFP | US Treasury Secretary Steven Mnuchin on Wednesday urged countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation. As the United States is poised to impose tariffs of up to 100 percent on $2.4 billion …
Read More »Museveni: IGP should sack non-committed Police Officers
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has ordered the Inspector General of Police, Martin Okoth Ochola, to sack all non-committed police officers. Museveni, who was speaking on Thursday after the commissioning of the National Command Centre at Naguru police headquarters, said with available technology, crime won’t …
Read More »Bill Gates Foundation talks digital finance in Uganda
Kampala, Uganda | JULIUS BUSINGE | People do not need a stock exchange account but instead need an account to save their money safely and be able to make small transactions. This is what stood out from a speech delivered by Warren Carew, representing Bill and Melinda Gates Foundation at …
Read More »PM Boris Johnson supports new digital tax
Johnson insists US digital giants must be taxed ‘fairly and properly’ Biarritz, France | AFP | British Prime Minister Boris Johnson on Saturday said that US digital giants needed to be taxed “fairly and properly” in a growing dispute with the United States over taxing the likes of Amazon, Apple, …
Read More »Afreximbank aims to creat digital ecosystem to ease trade finance
Washington, US | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address …
Read More »Behind URA’s Digital Tax Stamps controversy
SICPA embroiled in fraud cases in various countries Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan government has bowed to pressure from manufacturers and decided to put on hold the introduction of Digital Stamps intended to plug revenue leakages. This follows a series of meeting between the Minister of Finance, Planning and …
Read More »France to push ahead with digital tax starting January 1
Paris, France | AFP | France will push ahead with its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said Monday, as the European Union struggles to finalise a new EU-wide levy. France has been driving hard for a new so-called “GAFA …
Read More »Manufacturers raise red flag over digital tax stamps
Kampala, Uganda | THE INDEPENDENT | Ugandan manufacturers want Uganda Revenue Authority (URA) to explain what the DTS would achieve if a manufacturing sub-sector has no counterfeits. They want URA to show if the DTS will increase revenue collection and compliance considering that the formal manufacturers are already compliant, and show …
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