Chelsham Investments L.T.D

"Coming specifically to the social media and mobile money taxes, Ugandans need to ask the following questions:
1.When you post or send communication on social media platforms like Facebook or whatever, is it for free or do you pay?
2.Do you send mobile money for free or do you pay?
3.If you pay, whom do you pay?
4.Do you pay in dollars or in local shillings?
5.If you pay in local shillings, do the ones you pay, most of whom are foreign companies, take money out of Uganda in local shillings or in dollars?
6.If it is dollars, who earned those dollars?

Let us answer the last question first. Those dollars are earned by us who produce coffee, tea, the milk products, by our gold, by our tourism, by our processed fish , by our manufactured goods (e.g cement, textiles, soap, mattresses, cooking oil, etc).

Therefore, some of us, myself included, either earn the dollars or save the dollars by producing products instead of importing them, but some of our countrymen donate those dollars back to the foreigners by chatting endlessly on the social media. Is this correct or fair? Is it good for our country?

Mobile money transfer is, of course, different from the social media chatting. Social media chatting is a luxury by those who are enjoying themselves or those who are malicious.

Mobile money transfer, on the other hand, is a useful service. Since the informal sector (juakali, mchomo selling etc) is never taxed and I am always against those direct taxes on those sectors, is it too much for users of the mobile money senders and receivers to also make a modest contribution to the development of their country? The 1% was a miscommunication. The actual figure was 0.5%, half of one percent. That is what we should debate, on the mobile money.

As to social- media tax, all the moral reasons are in favour of that tax. The social – media users have no right to squander the dollars I earn from my coffee , my milk etc by endlessly donating money to foreign telephone Companies through chatting or even lying and, then, they are allergic to even a modest contribution to their country whose collective wealth they are misusing.

The same with those who engage in games betting. They bet in Local shillings. Since, however, our economy is an open one, the foreign owners of betting machines rush to the forex bureaus, buy dollars, the ones I earned , so as to externalize them. This is what affects our shilling.

The importers of foreign luxury goods- wines, whiskies, artificial hair, furniture, textiles, shoes etc, goods that can be made here, also squander our dollars. Fortunately, on account of our campaigns, the import bill has decreased from US$ 7 billion to US$ 5 billion. That is not enough, however.

There are no taxes on agricultural products, no taxes on machinery for factories or agricultural machinery , no taxes on raw- materials , no taxes on scholastic materials, no taxes on medicine, no tax on exports, no graduated tax etc. Most of the inputs in wealth and job creation are not taxed because we want people to engage in production. The essentials are never taxed.

This is to clarify that there is no tax on mere depositing money on a mobile phone account. That confusion should be clarified. The half -percent tax, not 1 percent, is only on the sender and the receiver of money through mobile money. Discuss this.

I congratulate our Science team for demonstrating that we now have the eyes to see all the goings on in the telecommunication and financial services. No more games. This capacity will be extended to deal with the criminal pigs that have made it a hobby to kill Ugandans. They will pay. I am , however, interested in a rational and honest dialogue, especially on the half -percent tax on mobile money sending and receiving."



Signed

Yoweri Kaguta Museveni.

Uganda’s Museveni 🛡Defends New Tax🔊: Social Media Is a Waste of 💵Money on Foreign Media Firms*

Uganda’s President Yoweri Museveni has defended the country’s new social media tax, saying Ugandans were using such platforms for “lying”, and squandering the nation’s hard currency on fees to foreign-owned telecoms firm which includes Facebook, Twitter, WhatsApp, Google Hangouts, YouTube, Skype, Yahoo Messenger and many others. The tax has proven extremely unpopular with Ugandan mobile phone users, who say it is unfair and stifles free speech.

In a statement on Twitter (ironic, wouldn't you say?), Museveni described social media as a “*luxury by those who are enjoying themselves or those who are malicious...all the moral reasons are in favour of that tax*.” Ugandan social media users, he said, were “endlessly donating money to foreign telephone companies through chatting or even lying.”

“The tax is an absolute insult to Ugandans...we already buy data which the government taxes, why should we again have to pay this money to the government to access these platforms? And in any case these are now essential communications channels that people use to reach loved ones, communicate with friends, socialites and mobilize civically...the tax reflects the highest form of greed,” said Dickens Kamugisha, a Kampala-based charity worker.

This week *Amnesty International* called on the government to scrap the tax, which it called an attempt to smother dissent disguised as a measure to raise revenue. The tax, collected by mobile phone internet service providers since July 1, is equivalent to about 20 per cent of what typical Ugandan users pay for their mobile phone data plans. Uganda’s two biggest telecom firms are owned by South Africa’s MTN Group and India’s Bharti Airtel, while other small players are also mostly foreign-owned.

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*BUSINESS FRIDAY QOUTE*
Whatever the mind of man can conceive and believe, it can achieve. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches.

You’ll lose a lot of money, chasing women.
But you’ll never lose women, chasing money.

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NTV UGANDA on Twitter “Examination malpractice leads to poor doctors, poor judicial officers and engineers. This should be a matter of everyone's concern - Prof. Mary Okwakol ”

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🍯 'From their bellies comes a drink of varying colours, containing healing for mankind' {Surat an-Nahl: 69}

Do you know how important a food source the honey is, which Allah offers man by means of a tiny insect? Honey is composed of sugars like glucose and fructose and minerals like magnesium, potassium, calcium, sodium chlorine, sulphur, iron and phosphate. It contains vitamins B1, B2, C, B6, B5 and B3 all of which change according to the qualities of the nectar and pollen. Besides the above, copper, iodine, and zinc exist in it in small quantities. Several kinds of hormones are also present in it. As Allah says in the Qur’an, honey is a "healing for men" . This scientific fact was confirmed by scientists who assembled during the World Apiculture Conference held in China . During the conference, treatments with honey derivatives were discussed. American scientists in particular said that honey, royal jelly, pollen and propolis (bee resin) cure many diseases. Nowadays, apiculture and bee products have opened a new branch for research in countries advanced in science. Other benefits of honey may be described as below: Easily digested: Because sugar molecules in honey can convert into other sugars (e.g. fructose to glucose), honey is easily digested by the most sensitive stomachs, despite its high acid content. It helps kidneys and intestines to function better. Has a low calorie level: Another quality of honey is that, when it is compared with the same amount of sugar, it gives 40% less calories to the body. Although it gives great energy to the body, it does not add weight. Rapidly diffuses through the blood: When accompanied by mild water, honey diffuses into the bloodstream in 7 minutes.
Its free sugar molecules make the brain function better since the brain is the largest consumer of sugar. Supports blood formation: Honey provides an important part of the energy needed by the body for blood formation. In addition, it helps in cleansing the blood.