7 months ago


26 Dear ladies “I can

26 Dear ladies “I can do things you cannot, you can do things I cannot; together we can do great things” “We are a circle of women, strangers to each other, gathered to solve something.” By Rita Bagenda Molded from a rib Woven for a purpose Orbit of support Evolving in form and role Like the rhythm and beat Etched in a song for a queen Humble to take on a physical form To enable nurturing and development Determined and resilient to take on A financial form that Builds, grows, and perseveres Willing and caring to take on An emotional form that Supports, sustains and endures Firm and strong in her spiritual form To groom sons and daughters of faith A soul mate to one, a best friend to another A cheerleader, mentor Each purpose supporting a lyric Etched in rose gold To sing a story of experiences and lessons No mountain too high to climb No river too wide to cross For her destination is a soaring form Regal in stature, drawn from humble environments Strengthened by a loyal team Free to sing her heart For her name is etched in a song set

27 REIGNING IN ON HIGH NETWORTH INDIVIDUALS By Gloria Ndyomugyenyi Research Planning and Business Development RPD’s theme for the year 2018 is “A YEAR OF INCREASING STAFF VISIBILITY AT WORK PLACE.” This was a well thought theme that has seen RPD staff excel both internally and externally. One of the success stories is the quality of researches that have raised to international level and are published in well-known and read international publications. There are some impeccable ladies and gentlemen (Jalia Kangave, Susan Nakato, Ronald Waiswa, Milly Nalukwago and Patrick Lumala Zzimbe) who wrote a paper on “WHAT CAN WE LEARN FROM THE UGANDA REVENUE AUTHORITY’S APPROACH TO TAXING HIGH NET WORTH INDIVIDUALS (HNWIS)?” And this paper was published in the International Centre for Tax and Development (ICTD) magazine online version on Tuesday, 30 January 2018. In the Ugandan context, high net worth individuals (HNWI) are wealthy, very important persons, politicians, and public sector officers. Below are parameters used to classify HNWI- they are; land transactions, high value commercial farming, rentals, high value cars, and shareholders in companies, importers and exporters, loans and bank deposits. Wealthy people contribute a significant share of the total revenue collected through personal Income Tax (PIT) in high-income countries. This is not the case in most low-income countries, where the bulk of revenue from PIT is collected from people who are in formal employment, especially in the public sector. In most cases, PIT is collected by employers and remitted to the tax authority. In Africa, only Uganda, Mauritius and South Africa have active systems in place to focus on tax affairs of HNWI. There are concerns that wealthy individuals in Uganda do not pay their fair share in taxes. For the FY 2013/2014, for example, only 5% of the directors of the top taxpaying companies were paying income taxes, with some paying as little as US$5. An analysis of the compliance of 71 top government officials over the period 2011/2012 to 2013/2014 revealed that, although all of them had stakes in commercial enterprises, the majority were not paying PIT. Neither were the companies that they were associated with complying with their tax obligations (Kangave et. al., 2016). However, a lot has changed because URA management has taken on the mantle to tackle this challenge. When URA obtains information on potential HNWIs, it proceeds to act on its findings without waiting until it had in place a set of formal criteria for identifying these individuals. URA has not shied away from the fact that a large proportion of HNWIs are politicians or politically influential.

Exclusively British Mar/Apr 2018
IT Focus Mar-Apr 2018
Tropicana Magazine MAR/APR 2018 (Vol 117: Edge Of Excitement)