World Bank Sets Sights on Uganda’s Leaky Taxes to Lift Revenue
Uganda’s tax revenue as a share of GDP is below the 15% threshold essential to boost economic growth.
Photographer: Michele Spatari/AFP/Getty ImagesUganda should raise income taxes and end preferential tax treatment for politicians and military officers to lift low revenue collection, the World Bank said.
The East African nation’s tax revenue as a share of gross domestic product, at 13.9%, is below the 15% threshold essential to boost economic growth and development, the Washington-based lender said in a report released on Tuesday.