By; Francis Lubega
Over 100 MPs have collected signatures to petition the Speaker of Parliament Rebecca Kadaga against tax proposals on mobile money transactions.
The group led by deputy opposition whip Roland Kaginda, Kassambya county MP Gaffa Mbwatekamwa and Manjiya county MP John Baptist Nambeshe told the press at parliament that they hope to collect 320 signatures by end of this week.
The legislators say that the proposal to levy 1% tax on the value of transactions-payments and withdrawals on mobile money in the financial year 2018/19 national budget estimates will reverse the move towards financial inclusion.
The group says that the tax on mobile money transactions will hurt the poor and vulnerable, frustrate financial inclusion because few Ugandans have no access to any bank branch and ATM and more than UGX 10 million Ugandans access financial services through mobile money.
Mbwatekamwa says that the tax proposal will promote money laundering and other black market operations
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