Tuesday
August 7
2018

Facebook joins Uganda social media tax fray

By Dicta Asiimwe

The falling out over Uganda’s recently introduced social media tax could intensify after Facebook warned it will hold back infrastructure investments worth millions of dollars it was planning in the country.

Kojo Boakye, Africa public policy manager at Facebook, said they have informed the Uganda Communications Commission that they will be taking their investments elsewhere.

Mr Boakye said the model on which they based their investment plan in Uganda will be affected by the tax.

Photo courtesy of Highways England.

Source: The East African (link opens in a new window)

Categories
Finance
Tags
digital payments, fintech, mobile money, public policy, taxes