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Uganda MPs halve mobile money tax

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MPs in Uganda have once again backed a controversial tax on using mobile phone banking, but have reduced by half the levy to zero point five percent.
In addition, it is only levied on cash withdrawals rather than all transactions.
But, no change has been made on the 200 Uganda shilling daily tax on the use of social media.
The introduction of the taxes, to help curb a budget deficit, was met by a big outcry, led by the musician-turned-MP, Bobi Wine. He said that the MPs have ignored the voice of the people.
But MPs who have backed the measure, argued that it is important to find new ways to raise revenue and reduce the amount of government borrowing.

SourceBBC NEWS

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