US EditionUganda Tobacco firms warn tax hike will fuel illicit trade, hurt revenue
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Uganda Tobacco firms warn tax hike will fuel illicit trade, hurt revenue
Tobacco companies in Uganda, including Leaf Tobacco and BAT, oppose a proposed excise duty hike on cigarettes, warning Parliament’s Finance Committee that it will lead to revenue losses and fuel illicit trade. Meanwhile, the leather industry supports a new export tax, and accountants back tax exemptions for small businesses. KAMPALA, Uganda — Tobacco companies are protesting a government proposal to significantly raise taxes on cigarettes, warni…
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