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Uganda : Fish Maw Dealers Voice Discontent Over 8% Tax, Fear Business Exodus Due to Taxation Impact

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Dealers in the fish maw trade have raised strong objections against the 8 percent tax imposed by the government on the product’s total export value in 2021. This tax measure has significantly hampered their operations and profitability, prompting many within the industry to express grave concerns. Members of the House Agriculture Committee received the dealers’ grievances, outlining the detrimental effects of the tax, asserting that it has begun to push them out of business. As a result, some operators have already taken steps to relocate their businesses to Kenya and Tanzania, where tax rates on fish maw are notably lower.

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The outcry from fish maw dealers emerged during the initial stages of the legislative process where the House Agriculture Committee was reviewing a petition filed by the Fish Maws and Traders Association Uganda Limited back in July. This petition highlighted the adverse consequences of the tax imposition and the resultant impact on the industry’s sustainability and economic viability.

The implementation of an 8 percent tax on the total value of fish maw exports has emerged as a significant financial burden for dealers and traders. The trade, which had previously been a source of livelihood for many, is now being threatened by the surmounting financial strain imposed by this taxation policy.

Dealers within the fish maw industry have made it explicit that this tax has drastically affected their bottom line, making their businesses less competitive and financially unviable in the international market. The consequence has been a steady migration of businesses seeking more favorable taxation environments in neighboring countries, an action that could potentially impact Uganda’s economy.

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The concerns raised by the Fish Maws and Traders Association Uganda Limited underscore the urgency and seriousness of the situation. The industry fears a loss of competitiveness and market share due to the increased tax, which, in turn, could result in a downturn in revenue for the country. Such economic repercussions might also affect employment opportunities and potentially lead to reduced revenues for the Ugandan government.

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The move by fish maw dealers to relocate to countries with lower tax rates is indicative of a larger issue regarding the competitive disadvantage faced by Ugandan businesses in the international market due to taxation policies. It signifies an erosion of the country’s position in the global market, potentially weakening its trade relations and market presence in the fish maw industry.

As the House Agriculture Committee begins its assessment of the concerns raised by the Fish Maws and Traders Association, it becomes evident that this issue demands urgent attention and resolution. It is critical to strike a balance between generating revenue through taxation and maintaining the sustainability and competitiveness of crucial industries like fish maw trading within Uganda.

The outcome of this deliberation will significantly impact the future of the fish maw industry in Uganda and its contribution to the country’s economy. Addressing the tax concerns is vital to ensure the preservation of jobs, sustainability of businesses, and the overall economic growth of the nation. It remains imperative to find a solution that harmonizes taxation requirements with the need to maintain a competitive edge in the global market for fish maw trade.

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Chrisean Rock Celebrates Son’s Five-Month Birthday Amid Blueface’s Jail Stint

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Chrisean Rock marked the five-month milestone of her son’s birthday with an Instagram Story post on Saturday. The celebratory selfie featured Rock holding onto her son, accompanied by the caption, “Happy 5 months papa.” Meanwhile, the child’s father, Blueface, remains incarcerated for violating probation related to a 2021 assault case, and he is expected to be in jail until July.

The exact circumstances leading to Blueface’s probation violation remain unclear. However, his mother, Karlissa Saffold, placed blame on Rock and Jaidyn Alexis, asserting on Instagram, “Jaidyn got him one charge, Rock got him the one that violated the other,” following Blueface’s self-surrender.

Amid Blueface’s jail stint, he has engaged in a feud with Soulja Boy. Last week, Rock and her son were brought into the dispute when Soulja Boy made offensive comments about them on Instagram Live. Soulja Boy targeted Rock with derogatory remarks and made inappropriate comments about her son. The feud has added another layer of drama to Blueface’s ongoing legal situation.

Stay tuned for more updates on Chrisean Rock, Blueface, and the developing events surrounding their personal lives

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Police Investigate Shooting Death of Petta Police Post Boss in Tororo

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Tororo police are investigating the shooting death of IP OKWELE MOSES, the officer in charge of Petta police post in Petta sub-county. Preliminary findings suggest that Sgt Ochom William Francis (No.23882), a junior officer at the same police post, shot his boss after a small quarrel, resulting in four gunshot wounds to Okwele’s stomach. Ochom, who sustained leg wounds, is admitted to Tororo General Hospital, while Okwele’s body is at Tororo Main Hospital for postmortem. Tororo district CID D/SP Batumwa Charles confirmed the incident, stating that inquiries are ongoing.

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Geoffrey Lutaaya and Irene Namatovu Celebrate 10 Years of Marriage: A Journey of Love and Achievements

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Difficulties around Mowzey Radio’s Memorial: Why His Father Won’t Attend

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