Private sector speaks out
Mar 16, 2009
KAMPALA<br>The private sector wants the Government to consider taxation and expenditure programmes that will boost consumption and investment as the global economic downturn threatens to reverse the gains that have been registered in the economy.
KAMPALA
The private sector wants the Government to consider taxation and expenditure programmes that will boost consumption and investment as the global economic downturn threatens to reverse the gains that have been registered in the economy.
The business community expressed concern over the introduction of policies like the proposed National Health Insurance scheme, arguing that they would increase the tax burden to the formal sector.
“The proposed scheme cannot work. It will not only add to the cost of doing business but also a recipe for fuelling corruption because it will avail huge amounts of money to a small group of people,†said Dr. Ian Clarke, the proprietor of International Hospital Kampala.
The private sector wants the Government to consider taxation and expenditure programmes that will boost consumption and investment as the global economic downturn threatens to reverse the gains that have been registered in the economy.
The business community expressed concern over the introduction of policies like the proposed National Health Insurance scheme, arguing that they would increase the tax burden to the formal sector.
“The proposed scheme cannot work. It will not only add to the cost of doing business but also a recipe for fuelling corruption because it will avail huge amounts of money to a small group of people,†said Dr. Ian Clarke, the proprietor of International Hospital Kampala.