Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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FundamentAli wrote:Layman wrote:.....some people here like collimore himself reason like kids in babyclass, kwani only safcom pays taxes? All the moneys saved from these phone calls are definitely spent somewhere else (supermarket, beer, etc and where we still pay at least VAT) and ofcourse those supermarkets, KBLs, shops, etc will also pay tax to the GOK...... useless! What if people decide to save? Remember when mobile phones first appeared in Uganda, Ugandans cleared their accounts to buy airtime. Then banks will have lots more to lend thereby bringing down interest rates leading to more lending, more investments and growth of the economy.
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