乐彩-最新版app下载-手机极速版2.06-免费版vapp9.8.6

Africa  

World Bank urges Uganda to improve taxation to finance development, sustain growth

Source: Xinhua   2018-05-16 22:39:57

KAMPALA, May 16 (Xinhua) -- The World Bank in its new report has urged Uganda to improve its tax revenue if the east African country is to sustain economic growth.

The Bank in its 11th Uganda Economic Update issued on Tuesday said while the economic growth has rebounded from 4.5 percent to 5.5 percent this financial year 2017/2018, tax collections currently account for 14 percent of the country's gross domestic product (GDP), lower than regional peers, and short of the government's target of 16 percent.

The global financial institution said this low tax collection hinders the country's capacity to finance investments in infrastructure and deliver essential services.

The report said while borrowing from local financial markets and overseas development assistance are important sources of development financing, they are declining steadily and often not sufficient.

The Bank said tax avoidance and evasion, partly resulting from generous tax exemptions to investors, weak tax administration, and a large informal sector (now at 80 percent), pose challenges to increasing revenues.

Figures in the report show that up to 5 percent of GDP is lost annually in tax leakages.

Personal income tax contributes roughly 18 percent of GDP compared to up to 40 percent in developed countries. Value Addition Tax collections amount to 4 percent of GDP, but would rise to 6 percent if there were no exemptions.

The report suggested that the country could widen its tax base by tapping into areas that are outside the tax net, applying tax instruments correctly and fairly, improving efficiency, transparency and accountability in tax administration, and delivering better public services.

"Making more people and firms pay their taxes rests on improving delivery of public services, and requires government to close loopholes and stop doling out discretionary tax exemptions. Citizens are more likely to pay tax if they see public services improve," said Christina Malmberg Calvo, World Bank Country Manager for Uganda.

The Bank said raising awareness of citizen tax obligations and tax spending would lead to greater accountability and improve tax compliance.

"Tax is an important source of domestic revenue for a government, and central to spurring growth and opportunity for Uganda to attain its development goals," said Rachel Sebudde, World Bank senior economist and lead author of the economic update.

"Without it, citizens would not be able to have good roads, or access to quality and affordable health care and education."

According to the economic update, Uganda could raise up to 23 percent of GDP annually if it undertakes tax reforms to reduce leakages, expands the tax base by tapping into hard-to-reach economic activities, and improve efficiency of its revenue administration systems.

"If everyone played their part, total collections would rise dramatically and the country would be able to meet a larger part of its spending obligations, currently met through borrowing," Sebudde said.

Keith Muhakanizi, Secretary to the Treasury said that Uganda has realized the need to raise more domestic revenue through taxes.

"Everyone in Uganda should pay the required tax if the country is to make progress in increasing domestic revenue mobilization," said Muhakanizi, who is also the permanent secretary of Uganda's ministry of finance.

He noted that the country should have a tax regime where politicians and high ranking government officials pay more taxes than the low income earners.

David Bahati, minister of state for finance in charge of planning, said the government is designing a framework paper for increasing domestic revenue collection.

"In the next three years, we expect to be collecting 18 percent tax to GDP," Bahati said.

Editor: Mu Xuequan
Related News
Home >> Africa            
Xinhuanet

World Bank urges Uganda to improve taxation to finance development, sustain growth

Source: Xinhua 2018-05-16 22:39:57

KAMPALA, May 16 (Xinhua) -- The World Bank in its new report has urged Uganda to improve its tax revenue if the east African country is to sustain economic growth.

The Bank in its 11th Uganda Economic Update issued on Tuesday said while the economic growth has rebounded from 4.5 percent to 5.5 percent this financial year 2017/2018, tax collections currently account for 14 percent of the country's gross domestic product (GDP), lower than regional peers, and short of the government's target of 16 percent.

The global financial institution said this low tax collection hinders the country's capacity to finance investments in infrastructure and deliver essential services.

The report said while borrowing from local financial markets and overseas development assistance are important sources of development financing, they are declining steadily and often not sufficient.

The Bank said tax avoidance and evasion, partly resulting from generous tax exemptions to investors, weak tax administration, and a large informal sector (now at 80 percent), pose challenges to increasing revenues.

Figures in the report show that up to 5 percent of GDP is lost annually in tax leakages.

Personal income tax contributes roughly 18 percent of GDP compared to up to 40 percent in developed countries. Value Addition Tax collections amount to 4 percent of GDP, but would rise to 6 percent if there were no exemptions.

The report suggested that the country could widen its tax base by tapping into areas that are outside the tax net, applying tax instruments correctly and fairly, improving efficiency, transparency and accountability in tax administration, and delivering better public services.

"Making more people and firms pay their taxes rests on improving delivery of public services, and requires government to close loopholes and stop doling out discretionary tax exemptions. Citizens are more likely to pay tax if they see public services improve," said Christina Malmberg Calvo, World Bank Country Manager for Uganda.

The Bank said raising awareness of citizen tax obligations and tax spending would lead to greater accountability and improve tax compliance.

"Tax is an important source of domestic revenue for a government, and central to spurring growth and opportunity for Uganda to attain its development goals," said Rachel Sebudde, World Bank senior economist and lead author of the economic update.

"Without it, citizens would not be able to have good roads, or access to quality and affordable health care and education."

According to the economic update, Uganda could raise up to 23 percent of GDP annually if it undertakes tax reforms to reduce leakages, expands the tax base by tapping into hard-to-reach economic activities, and improve efficiency of its revenue administration systems.

"If everyone played their part, total collections would rise dramatically and the country would be able to meet a larger part of its spending obligations, currently met through borrowing," Sebudde said.

Keith Muhakanizi, Secretary to the Treasury said that Uganda has realized the need to raise more domestic revenue through taxes.

"Everyone in Uganda should pay the required tax if the country is to make progress in increasing domestic revenue mobilization," said Muhakanizi, who is also the permanent secretary of Uganda's ministry of finance.

He noted that the country should have a tax regime where politicians and high ranking government officials pay more taxes than the low income earners.

David Bahati, minister of state for finance in charge of planning, said the government is designing a framework paper for increasing domestic revenue collection.

"In the next three years, we expect to be collecting 18 percent tax to GDP," Bahati said.

[Editor: huaxia]
010020070750000000000000011105091371842471
快3彩票购彩平台 大发彩票welcome 彩神 5分pk10 乐彩彩票 快三网站 大众购彩 一分11选5 极速快3 五分快乐十分 大发购彩中心 乐发lll 大发welcome 大发系列平台 东方彩票 五五世纪平台 凤凰快3 乐发IV彩票购彩中心 彩88 凤凰彩票官方网站 5分pk10 五五世纪 山西快3 55世纪购彩平台 乐发lx Welcome彩神 乐发3彩票APP 购彩中心 55世纪-购彩大厅 大发云app 星辰阁彩票购彩大厅 彩神v 大发彩票购彩平台 5分快3 快三彩票购彩平台 大發3分快3 快3平台 乐彩彩票 大发彩票快乐8 乐发IV welcome手机购彩 大众购彩 天天中平台 快盈IV500 幸运快三 买大小平台赚钱 1分快3 彩神彩票购彩平台 大发pk10 彩信平台 三分11选5 快3购彩中心 乐发ll下载app 彩神Welcome登录入口 乐发 采彡神争霸 快盈iv 神彩v8 55世纪官网 大发彩票www官方 凤凰彩票 10分快三 快三彩票官方网站 五分飞艇 乐发彩票官方网站 乐发Vll 大发快乐8官网 乐发app 大发彩票welcome 幸运5分彩 百姓快3 百度彩票 彩神网 大发彩票 3分快三 快3彩票 一分11选5 极速快3 五分快乐十分 大发购彩中心 乐发lll 大发welcome 大发系列平台 东方彩票 五五世纪平台 凤凰快3 乐发IV彩票购彩中心 彩88 凤凰彩票官方网站 5分pk10 55世纪 重庆快3 55世纪官方网站 乐发VI 彩神 乐发Ⅲ welcome大发彩票 大发购彩大厅welcome 百姓快三 名发app PK彩票 大发彩票购彩平台 5分快3 快三彩票购彩平台 大發3分快3 快3平台 乐彩彩票 大发彩票快乐8 乐发IV welcome手机购彩 五分快三 10元投资彩票赚钱平台 鼎发彩票 彩神iv争霸 网信快3 一分快3 凤凰彩票app下载 3分pk10 乐彩 湖南快3 快3购彩平台 乐发lv 彩神Welcome入口 乐发1 彩神8 百姓彩票welcome 一分三可空降可约app下载 彩神ix 彩票宝 大发彩票app下载 10分快3 快3彩神官方网站 四川快3 乐发彩票购彩平台 乐发彩票ll 大发快乐8官方网站 乐发app下载 welcome凤凰彩票 万乐彩 在线快3 百度彩票 彩神网 大发彩票 3分快三 快3彩票 一分11选5 极速快3 五分快乐十分 大发购彩中心 乐发lll 彩神welcome 乐发网投平台 网信彩票 优彩彩票 彩神8v 网信快三 乐乐彩 凤凰彩票购彩平台 10分pk10 55世纪 重庆快3 55世纪官方网站 乐发VI 彩神 乐发Ⅲ welcome大发彩票 大发购彩大厅welcome 百姓快三 名发app PK彩票 大发彩票购彩平台 5分快3 快三彩票购彩平台 大發3分快3 快3平台 分分快3 大发快乐8 乐发ll welcome购彩中心 五分快三 10元投资彩票赚钱平台 鼎发彩票 彩神iv争霸 网信快3 一分快3 凤凰彩票app下载 3分pk10 乐彩 湖南快3 55世纪购彩平台 乐发lx Welcome彩神 乐发3彩票APP 购彩中心 55世纪-购彩大厅 大发云app 星辰阁彩票购彩大厅 彩神v 大发彩票官方网站 五分快3 快3彩票购彩平台 三分PK10 乐发彩票 乐发国际 大发快乐8购彩平台 乐发III 手机购彩 一分快3平台 彩神v8 快三网站 天天彩票 快三平台 1分快三 彩神彩票官方网站 大发三分快3 极速快三 三分PC蛋蛋 彩神购彩中心 乐发lll下载 彩神welcome 乐发网投平台 网信彩票 优彩彩票 彩神8v 网信快三 乐乐彩 凤凰彩票购彩平台 10分pk10 快三彩票官方网站 五分飞艇 乐发彩票官方网站 乐发Vll 大发快乐8官网 乐发app 大发彩票welcome 幸运5分彩 百姓快3 vip彩票购彩大厅 直播快三 彩神彩票 3分快3 快三彩票 大發5分快3 极速快3购彩平台 分分快3 大发快乐8 乐发ll welcome购彩中心 五分快三 10元投资彩票赚钱平台 鼎发彩票 彩神iv争霸 网信快3 一分快3 凤凰彩票app下载 3分pk10 乐彩 湖南快3 快3购彩平台 乐发lv 彩神Welcome入口 乐发3彩票APP 购彩中心 55世纪-购彩大厅 大发云app 星辰阁彩票购彩大厅 彩神v 大发彩票购彩平台 5分快3 快三彩票购彩平台 大發3分快3 快3平台 乐彩彩票 大发彩票快乐8 乐发IV welcome手机购彩 大众购彩 天天中平台 快盈IV500 幸运快三 买大小平台赚钱 1分快3 彩神彩票购彩平台 大发pk10 彩信平台 三分11选5 快3购彩中心 乐发ll下载app 彩神Welcome登录入口 乐发 采彡神争霸 快盈iv 神彩v8 55世纪官网 大发彩票www官方 凤凰彩票 10分快三 快三彩票官方网站 五分飞艇 乐发彩票官方网站 乐发Vll 大发快乐8官网 乐发app 大发彩票welcome 幸运5分彩 百姓快3 百度彩票 彩神网 大发彩票 3分快三 快3彩票 一分11选5 极速快3 五分快乐十分 大发购彩中心 乐发lll 大发welcome 大发系列平台 东方彩票 五五世纪平台 凤凰快3 乐发IV彩票购彩中心 彩88 凤凰彩票官方网站 5分pk10 五五世纪 山西快3 55世纪购彩平台 乐发lx Welcome彩神 乐发3彩票APP 购彩中心 55世纪-购彩大厅 大发云app 星辰阁彩票购彩大厅 彩神v 大发彩票官方网站 五分快3 快3彩票购彩平台 三分PK10 乐发彩票 乐发国际 大发快乐8购彩平台 乐发III 手机购彩 一分快3平台 10元投资彩票赚钱平台 鼎发彩票 彩神iv争霸 网信快3 一分快3 凤凰彩票app下载 3分pk10 乐彩 湖南快3 快3购彩平台 乐发lv 彩神Welcome入口 乐发1 彩神8 百姓彩票welcome 一分三可空降可约app下载 彩神ix 彩票宝 大发彩票app下载 10分快3 快3彩神官方网站 四川快3 乐发彩票购彩平台 乐发彩票ll 大发快乐8官方网站 乐发app下载 welcome凤凰彩票 万乐彩 在线快3 百度彩票 彩神网 大发彩票 3分快三 快3彩票 一分11选5 极速快3 五分快乐十分 大发购彩中心 乐发lll 彩神welcome 乐发网投平台 网信彩票 优彩彩票 彩神8v 网信快三 乐乐彩 凤凰彩票购彩平台 10分pk10 55世纪 重庆快3 55世纪官方网站 乐发VI 彩神 乐发Ⅲ welcome大发彩票 大发购彩大厅welcome 百姓快三 名发app PK彩票 大发彩票购彩平台 5分快3 快三彩票购彩平台 大發3分快3 快3平台 乐彩彩票 大发彩票快乐8 乐发IV welcome手机购彩 大众购彩 天天中平台 快盈IV500 幸运快三 买大小平台赚钱 1分快3 彩神彩票购彩平台 大发pk10 彩信平台 三分11选5 快3购彩平台 乐发lv 彩神Welcome入口 乐发1 彩神8 百姓彩票welcome 一分三可空降可约app下载 星辰阁彩票购彩大厅 彩神v 大发彩票官方网站 五分快3 快3彩票购彩平台 三分PK10 乐发彩票 乐发国际 大发快乐8购彩平台 乐发III 手机购彩 一分快3平台 彩神v8 快三网站 天天彩票 快三平台 1分快三 彩神彩票官方网站 大发三分快3 极速快三 三分PC蛋蛋 彩神购彩中心 乐发lll下载 彩神welcome 乐发网投平台 网信彩票