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Day: November 22, 2021

Foreign Capital & Taxation As A Matter Of National Interest

Foreign Capital & Taxation As A Matter Of National Interest

Business, FEATURED, GOSSIP, Latest News
There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of suc...
Business, FEATURED, Latest News, NEWS, Rwanda
There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of suc...
Foreign Capital & Taxation As A Matter Of National Interest

Foreign Capital & Taxation As A Matter Of National Interest

Business, FEATURED, GOSSIP, Latest News, NEWS, Rwanda
There is a general presumption and saying that capital has no home but within realistic parameters the home of capital is its place of origin because it always goes back with its profits or returns on investments. Capital holds much more value in countries like Uganda where fixed deposits have monthly interest returns of up to 15% and 25 – 30% if invested in loans through commercial Banks as compared to developed countries where interest on loans is as low as 5%, 1% or even 0.5%. In some countries deposits actually accumulate a charge instead of earning interest. Once foreign capital is brought in Uganda, it’s a requirement as provided under section 117 of the Financial Institution Act that a Financial Institution should acquire authorization from Bank of Uganda for regularization of such...

0le out Carrick In at Man Utd

Business, FEATURED, Latest News, NEWS, SPORTS
Manchester United have finally sacked manager Ole Gunnar Solskjaer following Saturday's 4-1 defeat at Watford. The club have won just one of their past seven Premier League matches and are seventh in the table, 12 points behind leaders Chelsea First-team coach Michael Carrick has been placed in temporary charge while United seek an interim manager to the end of the season "It is with regret that we have reached this difficult decision," United said. United added: "While the past few weeks have been disappointing, they should not obscure all the work he has done over the past three years to rebuild the foundations for long-term success. "Ole leaves with our sincerest thanks for his tireless efforts as manager and our very best wishes for the future." Solskjaer is a former Red Devils player,...