Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …
Read More »To tax or not to tax key economy drivers
By Julius Businge Business owners query new taxes on ICT, education, health, agriculture Francis Kamulegeya, the senior country partner for PriceWaterHouseCoopers in Uganda says “you cannot grow a sector without taxing it”. Kamulegeya’s view flips the common belief that “you cannot grow a sector without giving it incentives”. But Kamulegeya’s …
Read More »Winners and losers from tax exemptions
By Cissy N. Kagaba Why should Sembule Group chokes on debts while BIDCO is awarded a tax holiday of 25 years? The Auditor General’s report to parliament this month put the Ministry of Finance on the spot for gross abuse of tax payer’s money when it decided to settle tax …
Read More »ATAF lauds Uganda’s tax reforms
By Joan Akello African Tax Administration Forum (ATAF) officials say Uganda has made strides in using the mobile phone tax payment to increase compliance. They say the South African Revenue Service is weighing its options on the move. “Uganda’s cell phone tax payment is great … with a great Commissioner …
Read More »Africa Progress Panel to G8: Tax avoidance hurts African economies
By Ronald Musoke & Agencies The Africa Progress Panel has today urged the G8 leaders meeting at a two-day summit in Lough Erne, Northern Ireland, to make company ownership transparent, exchange tax information and support Africa’s tax collection agencies. The panel that advocates for equitable and sustainable development in Africa …
Read More »New report tips on tax compliance
By Julius Businge A recent report released by the World Bank, IFC, and PwC finds that governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and …
Read More »Pay the tax money or get out
How angry Museveni letter got Tullow Oil bosses to act Kampala, Uganda | The Independent Team | It was an act of greed that “flabbergasted” even the President himself. Wildcat oil explorer Heritage got paid US$1.5 billion (Approx. Shs 3.5 trillion or half Uganda’s 2010/11 national budget) for its shares in …
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