Power98.7: Power Business
Friday, 1 June 2018
Interview about the Ugandan 2018 tax reforms including the contentious tax on social media. Faced with a persistent budget deficit for more than a decade, the Ugandan government has approved new taxes such as the 1.0% levy on mobile financial transactions and increased other excise taxes. The interview discusses the government’s rationale for the tax reforms, which is mainly driven by fiscal revenue inadequacies and pressure from the International Monetary Fund on the government to improve its revenue mobilisation.