How Uganda is surrendering trillions in tax agreements to multinational firms

By Ismail Musa Ladu

The country is in danger of blindly signing away her taxing rights at the expense of attracting Foreign Direct Investment (FDI) whose impact according to economic analysts is yet to properly propel the economy to the heights previously anticipated.
With Double Taxation Agreements (DTA) also referred to as Double Taxation Treaties (DTT) that Uganda has since entered with about a dozen countries over the years, there is fear among tax experts and practitioners, including the country’s tax prefect regarding this legally binding agreements on revenue compliance and mobilisation.
According to tax professionals, the tax rights that the government has signed with several countries, some of which are a well-known tax haven jurisdictions, hasn’t helped tax collectors efforts to enforce compliance across board but only enriches multinational companies and wealthy individuals to get away with “murder.”
As FDI grows according to Uganda Investment Authority

... read more at: https://www.monitor.co.ug/Business/Prosper/Uganda-trillions-tax-agreements-multinational-firms-/688616-5232786-77d0njz/index.html

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