Tag Archives: tax

WASHINGTON, the United States | Xinhua | When U.S. President Donald Trump lashed out at Elon Musk in June and called for cutting federal ties with his companies, many dismissed it as political posturing. But behind the scenes, the Trump administration quietly launched a sweeping review of federal contracts with …

Oxfam report warns of danger ahead as gap widens between rich and poor COVER STORY | RONALD MUSOKE | In 1990, just one in 10 people living in extreme poverty around the world lived in Africa. In 2024, it was seven in ten. Since 2020, the number of people living in …

  NAIROBI | Xinhua |  Kenya recorded tax revenues of 2.57 trillion shillings (19.9 billion U.S. dollars) for the financial year ending June 30, representing a 6.8 percent growth from the previous financial year, the revenue agency said Thursday. Humphrey Wattanga, commissioner general of the Kenya Revenue Authority (KRA), said …

BEIJING, CHINA | Xinhua | The U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill Act” Wednesday in a 51-50 vote. Though touted as delivering broad prosperity, the sweeping tax and spending package disproportionately benefits the wealthiest Americans. At the heart of the bill is an unprecedented series …

Kampala, Uganda | THE INDEPENDENT | As the government officially kicked off the implementation of the Shs 72.1 trillion national budget for the 2025/26 financial year on July 1, leading economic experts and financial analysts have praised the direction of the new fiscal plan—but warned that its success will largely …

ANALYSIS | Adrienne Lees, a Researcher at the Institute of Development Studies of the UK, in collaboration with the Uganda Revenue Authority, shows how to set them free Uganda is one of the countries most exposed to recent cuts in international aid, particularly with the dissolution of the US Agency …

According to the EAC Secretariat, trade among the seven member states and the rest of Africa rose by $584.6 million to $4.3 billion in the fourth quarter of 2023 compared to the same period in the previous year Kampala, Uganda | THE INDEPENDENT | East African governments are under mounting pressure …

KAMPALA, UGANDA | THE INDEPENDENT | Ugandan manufacturers are calling for reforms in the tax dispute resolution frameworks to make processes faster. Under the current systems, they say, affected parties have to take long periods characterized by uncertainties that in the end affect the business operations. The Uganda Manufacturers Association …

KAMPALA, UGANDA | Xinhua | The Uganda Revenue Authority (URA), the state-run tax body, on Thursday launched the second edition of the Chinese translation of its tax guide book, a move aiming to help the Chinese business community better understand the country’s tariffs regime. At the launching of the book, …

Uganda’s tax overhaul draws praise—and alarm—from civil society Kampala, Uganda | JULIUS BUSINGE | A coalition of over 50 civil society organizations under the Tax Justice Alliance Uganda (TJAU) has raised critical concerns over the Government of Uganda’s proposed Tax Amendment Bills for the 2025/26 financial year, warning that certain changes …