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Archive for the category “Business”

Brexit dividend is hogwash at its best!

We know that Prime Minister Theresa May and the Conservative Party wants the best outlook and the favorable view of the withdrawal from the European Union. However, their whole flawed negotiations and the parameter of agreements shows their neglect, more than winning when concerning the days after being a Member State within the EU. That is all forgotten, this has been shown with the dreamland approach to the Customs Union, Migrations and the trade agreements in general. The lack of policies and openness makes the uncertainty even more dire.

It is like the Tories plans to wing it and fix it after the Titanic hit the iceberg. Hope they can save the passengers and the ones on board without having a general plan for any sort of evacuation or sinking itself. That is evident as every day has gone from the ballots cast at the referendum. They haven’t shown signs of certainty or anything really, that is why Businesses has warned the government, businesses have moved to Dublin or even Germany. Manufacturing businesses started to move to other EU Countries, even Land Rover being produced in Eastern Europe to secure the tariffs to the EU Common Market. If that isn’t dire, the loss of jobs and therefore, also the revenue of the production. Will hit the government. But they don’t want to talk about that.

That is why the Tories and PM May is speaking positive about the Brexit Dividend, as the lack of paying to EU projects and EU organizations will save the government so much money, as they are maybe even forgetting the money that is going to EU sponsored infrastructure projects and educations sector. However, that is maybe not in May’s calculation. Who knows at this point right? It is all spinning the wheel and hoping no-one looks into it.

The Tories should be horrified of the situation they have put businesses in, the population and the uncertainty of what they are getting out of it. There so many warning signs, and so much business already moving and sparking messages that they are planning to do so. Because they are worried about capital, tariffs and also their possible transfer of goods between the UK and the rest of EU. None of this is certain. Maybe the UK get less free-market, but also less open borders when concerning people. But the reaction from the EU will be less friendly trading partner and that will hit the banks and corporations. The City of London might lose it power in Europe, as that moves to Frankfurt and even Dublin. That must hurt the pride of UK. The sun isn’t setting on an empire, but a sinking ship.

A sinking ship they themselves put on fire and saying everything is fine and dandy. The UK has played themselves for fools and now only getting uncertainty. That is what outsiders are seeing and weird that the UK are accepting this. They are going to get hurt by the Brexit, whether they like it or not. There isn’t any signs that shows otherwise. As the ramification on production, industry and businesses, the ones generating revenue are under fire and the bonfires are not put out. Instead, the Tories are hoping no one notice.

Theresa May might promise more to the problematic NHS, but then the taxes has to grow, the people will be more taxed. As the revenue from the corporations and businesses will go down. As the Customs Union, the issues of lack of trading policies and the reaction of becoming third country and trade as that. Will not make the change friction-less, but instead hurt the economy and the windfall be costly for the population.

Therefore, the UK should be wiser, but not anticipate it. The Tories are busy scheming and lying, trying to configure components and trying to foolishly spin the reality. Without showing the reality, that is why the leaks of possible damage of the Brexit took so long. The Department tried to keep them to themselves, because they knew these numbers would hurt the cause. That is why David Davis and others in the Tories wanted to keep all information to not show the reality to the public. Because they knew that this was an issue and would likely make the citizens afraid of leaving.

The United Kingdom citizens should ask for openness and transparency, as the state have tried to not show the reality for months and since the referendum. That shouldn’t be the state of affairs, and that is why the uncertainty is there. Combined with the lack clear policies and willingness to show what sort of exit the UK wants. As they have moved back- and fourth. There been so much squabble and internal issues within the Tories alone. That the Brexiteers and the Remainers have made the negotiations and the EU uncertain of what the UK really wants. The EU have clear guidelines, but the UK want to make their own. Which will be impossible.

This saga is far from over, but the Tories will continue to spin, but not be caught in the hype. The losers are the public and the citizens, as the uncertainty only makes businesses and the manufacturing companies more certain of moving across the borders to safety. The Brexit Dividend is a forgery and will not become a reality. Only May and her Brexiteers believes that. Peace.

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KCC dispute: GÉCAMINES reaches an agreement with KATANGA GROUP, and defines with GLENCORE the foundations for a new win-win partnership (13.06.2018)

LUBUMBASHI, Democratic Republic of Congo, June 13, 2018 – On 12 June 2018, GÉCAMINES (www.Gecamines.cd), together with its subsidiary SOCIÉTÉ IMMOBILIÈRE DU CONGO (“SIMCO”), entered into with KATANGA MINING LIMITED and some of its affiliated companies (the “KATANGA GROUP”) as well as their joint company KAMOTO COPPER COMPANY (“KCC”), a settlement agreement (the “Agreement”).

Under the terms of the Agreement, the following goals and results are targeted, among others:

  • KCC’s net equity will be restored in accordance with applicable laws ;
  • KCC’s indebtedness towards the GLENCORE group will be reduced from 9 billion USD down to 3.45 billion USD as at 1 January 2018;
  • Interest rates applicable on intra-group loans are revised and shall no longer exceed 6% per year;
  • On the basis of KCC’s current business plan, as early as the 2019 fiscal year, GÉCAMINES will start, for the first time, receiving dividends, which assessed cumulated amount should exceed 2 billion USD over the next ten years;
  • The profits will allow for the payment of corporate taxes being likely to significantly contribute to the replenishment the Congolese State’s treasury;
  • A better valuation, in the future, of GÉCAMINES’ contribution of the copper and cobalt deposits to the partnership through a significant increase of the amount per ton of the pas de porte, from 35 USD to 110 USD, and which can reach 170 USD in certain scenarios;
  • A significant increase of the valuation of GÉCAMINES’ ownership in KCC, which value was until then nil due to the high level of indebtedness of the company;
  • The waiver by KCC to the benefit of the JORC certified reserves amounting to 3,992,185 tCu and 205,629 tCo (the “Reserves”), releasing GÉCAMINES from its obligation to deliver the Reserves or, failing that, to pay a counter-value of a maximum amount of 285 million USD;
  • The payment by the KATANGA GROUP of a settlement indemnity (150 million USD) in favor GÉCAMINES; and
  • The withdrawal by GÉCAMINES and SIMCO, at closing, from the judicial proceeding initiated before the Commercial Court of Kolwezi on 20 April 2018.

GÉCAMINES welcomes the outcome of the discussions with the KATANGA GROUP and its majority shareholder GLENCORE PLC, and the new foundations now set for the partnership, with a view to an effective sharing of wealth, with immediate financial benefits for all the stakeholders, and in particular the Democratic Republic of the Congo and the affected communities. GÉCAMINES hopes that upcoming negotiations with other partners and companies will be conducted in a similar open and respectful climate, and will reach the same satisfactory outcome.

Brexit: House of Commons – Consideration of Lords Amendments – “The Unity Amendment”

Brexit: The UK will get a HARD Border with the EU!

The European Union has a rebuttal to the United Kingdom’s technical note on the Temporary Customs Arrangement with the EU, that they published on the 7th June 2018. Again, there are questionable things with the UK arrangement. As they are not properly prepared or have solutions to the new status of the Kingdom. That is weird that after so long working on leaving the EU, the UK still have no clue or at least delivering hackwork to the negotiating partner.

That is why some parts of the Technical Note from EU that was published today is critiquing the UK. They are really leaving nothing behind. Everything is criticized, they did this on the 8th June 2018 and published it today on the 11th June 2018. So the EU didn’t wait long to answer the UK.

What the UK lacks in their note is to explain this parts to the EU:

Customs

Duties, VAT and excise, trade policy, governance

Regulatory [no UK proposal]”

That the UK and the Tories have no explanation concerning the duties, VAT, excise, trade policy or even governance of the Customs Unions between them. That the duties of goods, the lack of explaining the VAT arrangement and general trade policy. This is all about how the UK as a third-party state to the EU will comply with the standards and also how they will tax the goods. How the labeling and the checking of the goods between the EU and the UK. That is the governance that is not explained. They have been working on this months and still have no clear indication of how the UK plans to this and what they are wanting to see.

There is no regulation or regulatory explanation of it. That is a real surprise, as this is tale of how the goods and the movement of products are supposed to adjust the new border requirement. The Customs will then follow standards and protocol of the papers, licenses and the general checks of the goods. The added duties, VAT and excise taxes as well. It is weird that the negotiating team of the UK haven’t delivered.

The EU Note is specific in the nature that the EU decision-making autonomy in Trade Policy and also Full EU Supervision and enforcement mechanisms, this means the UK has to follow both parts of the Trade Policy from the EU. That is if they want their goods to be fairly crossing into the Customs Union and the regulations they are following it. It is interesting and weird that the UK have no proposal for the regulatory devices of the customs arrangement between them. If that isn’t a failure, than nothing is.

The key ending of the arrangement from the technical note is this: “Does not cover regulatory controls, leading to a hard border”. So the softness of the UK will not have affect, the effect of the withdrawal will be hard, the price of leaving the Union will be hard. The border are most likely hard, as the proposals are either non-existing or not following the needs of the EU. This is something the negotiating team of UK should know. They cannot have the same arrangement as they have today, because they are not an member(wrote that a few times now, but it seem to be consistent with the nonsense the London offices gives to the world).

That is the impact the UK has to await themselves. Even Michel Barnier stated this on the 8th of June:

In all the UK papers that we have been receiving until now – which I read carefully with my team – there has been a request to maintain the status quo, a form of continuity, which is paradoxical seeing as the country decided itself to leave the European Union. The United Kingdom seems to want to maintain the benefits of the current relationship, while leaving the EU regulatory, supervision, and application framework. When we respond to UK leaders saying that these benefits are not accessible outside the EU system – because of their decision – some people in the UK try to blame us for the consequences of this. I simply want to say that we will not be swayed, I will not be swayed, by this blame game” (Press statement by Michel Barnier following this week’s round of negotiations, 08.06.2018).

The UK have stop sending their hob-knobs across Calais and send someone with a little common sense. They must be embarrassed, the people of United Kingdom should be shocked and in awe. Because their politicians are continuing to their future and their opportunities for a ride. The Tories Government should deliver safe customs union and policies, which fit with their new role with the EU. Instead, they are thinking it be worked out in the near future. United Kingdom and their businesses should worry about this, hard border because of laziness and lack of delivery to the negotiating team.

The only one losing big is the UK and not the EU. The EU are asking for certain things from the UK. Which the UK doesn’t even have and that puts the EU into a positions, where they have to make a HARD BORDER. Because their rules will not be changed by a outside entity like the UK. Peace.

Opinion: G6+1 Dumb-ass!

What have we learned this week? That President Donald J. Trump is douche, a spoiled brat in a toy-store and not understand the G7 Summit. He the one that does stuff and makes things off on the spot. He might be able to trick foolish inbreed rural Americans, but the whole wide world; he cannot trick like that. Especially not career leaders like the ones participating in the G7 Summit in Canada.

The other nations was prepared to write a statement without Trump. The other world leaders at the summit are Angela Merkel, Justin Trudeau, Emmanuel Macron, Donald Tusk, Jean-Claude Junker, Theresa May, Shinzo Abe and Giuseppe Conte. This is leaders from Germany, Canada, France, European Union, United Kingdom, Japan and Italy.

That means that Trump has insulted the world and he doesn’t care about his allies. Trump has shown it. All in his tweets and his actions. That he didn’t have the ability to sign a communique that rest was favorable of signing. Trump wanted to isolate himself, he acted like a douche, came late to meetings, came late to the G-7 and also left early. Nothing with this man shows respect of the allies. He also came with demands to other before arriving. To add another member, without any clear reason, like it was a bidding he had to do. Because he had promised his friend Vlad before the Summit.

The Charlevoix G7 Summit Communique states this concerning trade:

We acknowledge that free, fair and mutually beneficial trade and investment, while creating reciprocal benefits, are key engines for growth and job creation. We recommit to the conclusions on trade of the Hamburg G20 Summit, in particular, we underline the crucial role of a rules-based international trading system and continue to fight protectionism. We note the importance of bilateral, regional and plurilateral agreements being open, transparent, inclusive and WTO-consistent, and commit to working to ensure they complement the multilateral trade agreements. We commit to modernize the WTO to make it more fair as soon as possible. We strive to reduce tariff barriers, non-tariff barriers and subsidies” (Charlevoix G7 Summit Communique, 09.06.2018).

This part of the Communique is in direct challenge to the sudden move of Trump to impose trade-sanctions on these nations that he meet days after. That is really a bold move to impose tariffs on aluminum and steel. Certainly, the nations who got this will impose tariffs on the US produced products to counter measure. Clearly, the trade-war is created in the mind of Trump. So this will affect ordinary civilians world over and not the wealthy. They usually get away with this. Maybe, that is one of the foolish reasons for Trump passing his chance of being loyal to his allies. That he couldn’t be friendly or even be reasonable.

That is why he is isolationist and a dumb-ass, the losers isn’t the world, but United States. The US Government are really trading their favorable position and making their situation worse. The lack of tact and diplomatic spat with allies. Trump is really an insensitive lying ass-hat who should know how to carry himself. Instead he lies about Trudeau after the Summit. He is putting himself in the spotlight and acting like a TV-Star. Not as a representative of the US. That is why he is losing for himself and for his Republic.

It is weird, but instead of showing strength or greatness, he is showing weakness and lack of finesse. The was a G6 Summit with an added dumbass!

Trump, you we’re able to fool America, but your not able to fool the world. Peace.

Opinion: Museveni, how many agencies do you need to battle corruption?

Museveni buying shoes in Wandegeya, 02.06.2017.

I wonder how many types of government institutions does President Yoweri Kaguta Museveni needs to investigate, report and check-upon one the White Collar Crime called Corruption. I am boggled if this has even passed his mind. Because you have the Uganda Police Force, Public Procurement And Disposal of Public Assets Authority (PPDA), Office of Attorney General (OAG) and Inspectorate of Government (IGG). All of these institutions should be capable of battling this issue.

Therefore, I know the National Resistance Movement (NRM) are out of touch and not in order. When he is extending and mushrooming the state even more. The President has clearly lost his touch. How many agencies does the President needs to combat corruption?

President Museveni made the announcement during his 2018 State of the Nation address to parliament in Kampala today. The unit will be led by Mr. James Tweheyo, Ms. Martha Asiimwe and Sister Akiror. President Museveni said the members of the unit have been directed to provide their phone numbers to the public. The public will be encouraged to report any corruption cases that come to their attention to the unit. While making the announcement, President Museveni turned on the office of the IGG and accused it of incompetence” (Agaba, 2018)

That this new Unit, the Corruption Committee will be another one. Even as the PPDA has mandate concerning procurement of the state and review it. The IGG are reporting and looking into the state resources and use of funds. The Attorney General are also overlooking and another branch who is fixated on usage of state resources and funds. The Police Force against indict, prosecute and make sure the prosecution of the people caught up in corruption. Therefore, to extend into a Corruption Committee is obnoxious. This is in the same regard as last years proposal of Presidential Handshake Committee, this is just make provisions to legalize it and clean-the-slate as you may.

That this Unit is cronies and other people close to the President. This is handpicked personnel and not hardliners. They will follow the lead of the President. I doubt they will dig any deeper, than any of the organizations that is there. If you already have the UPF, PPDA, IGG and OAG, what is the need for a separate committee? Except for adding a few more paychecks to some lovable cronies. It is amazing and foolish.

If the President thinks he is fooling anyone. That is just mere ignorant people who are already far up his leopards anus. Because we all know, this is just fooling the public. If you already have all the other government bodies, why are you extending yet another hand? Are you trying to make the state like Octopuses and have dozens of legs on a giant head. The head being the President and the rest being his loyal minions, which is the legs. That is how it is perceived.

I do not buy it that the Republic needs another body to fight corruption. If the will for fighting it was there. Then the state would have used one of the several bodies it already has. Now it is just extending another branch and another leg on the octopus. Thinking no one will mind.

Here ye, here ye, yo you fool, you are just a tool and this is not cool. I thought Mr. President that you learned this school. Peace.

Reference:

Agaba, Tabitha – ‘Museveni Names New Anti-Corruption Unit, Bashes IGG for Incompetence’ (06.06.2018) link: http://nilepost.co.ug/2018/06/06/museveni-names-new-anti-corruption-unit-bashes-igg-for-incompetence/

#SOTNU18: Importing too much and Exporting too little; What could be the reason?

“Yet, as our Baganda people say, “Omugo oguli ku murirano, tegugoba engo” ─ (the stick in your neighbour’s house cannot help you to fight off a leopard)” Yoweri Kaguta Museveni at the State of the Nation, 2018 (06.06.2018).

I have stopped after a years to look and breakdown the whole speech of President Yoweri Kaguta Museveni. Because no one should waste that amount of time, unless your Don Wanyama, Tamale Mirundi or Andrew Mwenda. The rest of the random average Joe’s just shouldn’t waste our time with that. After 32 years, what new thing can he re-up and said, what sort of pledge haven’t he pulled out off his ass. Everything has been said, its just rewind of the previous years. There might something amazing, but you should doubt it.

That is why I will focus the passages on the growth to become a Middle-Income Country:

I hear so many people talk about the attainment of the middle-income status by Uganda. The main problem here is, actually, the problem of Uganda importing too much and exporting little. The GDP per capita today is US$776. To become a middle income country, you need, at least, US$1,006 per capita. This money is calculated in Dollars. Too much importing and too little exporting undermines the progress to a middle-income status. Therefore, Ugandans, please, buy Ugandan; travel Ugandan; health-wise, be treated in Uganda. The government will facilitate its part as outlines in this speech. All I have said above is about the economy that is being developed to create wealth and jobs for the Ugandans as well as widening the tax base for the State of Uganda. At the same time, this bigger economy provides more goods and services for Uganda’s domestic consumption and for exports. Your NRM, always looking ahead, has already negotiated and arranged with our brother and sister Africans to ensure the market integration of Africa (EAC, COMESA, CFTA), so as to provide capacity for the absorption of the greater supply of goods and services produced by the Ugandans awakened to realize their potential as we also buy from our brothers and sisters in Africa, as we all take advantage of the huge collective market of Africa. Besides the huge continental market we are creating with our African brothers, the NRM always never missing in action when it comes to African issues, we have also negotiated for third party market access to the USA, EU, Chinese, Japanese and Indian markets, in varying degrees. Hence, ladies and gentlemen, the NRM has addressed or is addressing all the factors that are necessary to open the gates to the Ugandans engaged in wealth and jobs creation. Let everybody, then, play his or her own part” (Yoweri Museveni – State of the Nation, 2018, 06.06.3028).

The ironies are staggering as the economic policies, the industrial policies and agricultural outputs of the Republic is all in the hands of Museveni. If the NRM wanted to have trade surplus, they would have put in work and made sure the industries, the agricultural output and the end-product that they wanted to put into the world market. That is if the NRM had actually cared, because most policies seems to be short-term and for the short-con, not even the long-con. The projects and projections are for short term gains, not building things.

The specialized boards for the promotion of Ugandan produce and products has been lacking. Also maybe that they haven’t configured to the standards of the world-wide markets. That is why the coffee is sold as beans and not locally branded robusta. It is blended into random blends of foreign corporations instead of being locally grinded and packed ready for the big multi-national supermarket chains. Instead they are sold with least profits as the produce and not as the product. That is what is wrong with the ideas of Ugandan business. They have not thought of how to get value for the produce. This is all because the business is fixated on quick profits, but not going the extra mile.

That is because the NRM have no incentive to this or to try to do it. If they had incentive and any ideas of this. They would have figured it out and industrialized the agricultural output. Neither is put in the cash and the investment to build juice-factories as promised in Amuru, That has been promised for so long, as people are giving up in Katakwi District. This is the reality.

Therefore, listening to the President bitch about the lack of modernization and industrialization of the Republic. Is his fault, as he has put in the work and the ability to change the business models. That is because the way the state does with investors and designate cronyism. Where the businessmen have to political connected and make sure to grease the wheels to get it running.

It is a nice idea to get Ugandans to buy Ugandan products. But then you have to deliver good Ugandan products to fair price, also make sure it is competitive. There are lacking issues and basic need to make sure the possible produce could create added-value. Instead the quick profit and direct exports is the reason for lack of more currency. That would help the republic and make more money without to heavy investments, while using what they already produce plenty off.

While the state has to figure out if they want this, because this could help them to gain another monetary gain. But they doubt they will, because right now, it is the short-con and the quick-fix instead of actually building something for the future. Peace.

Opinion: Taxes get levied deliberately, not by a mistake!

Again, the Mobile Money and the Exercise Duty Tax Amendment of 2018 are proven to be without due diligence. There so many aspects that is left behind. This time it comes from the Minister of Finance, Planning and Economic Development (MoFPED) Matia Kasaija. Whose now is trying hard to wash his hands from the added taxes on the public. Like it would make a giant difference between a half percentage or 1 percentage of the transaction in taxes to the state. Yes, there is a difference and the cost are still hitting the public and making Mobile Money more expensive before even spending it.

This is the proof the National Resistance Movement (NRM), how they have rushed these taxes to please the President. Because there hasn’t been enough consultation or proof of the possible outcome of it. Other than some numbers hitting the wall and hopeful earnings for the state. The state needs revenue, but will they bill themselves into more trouble, as they are hitting the poorest the most. Which doesn’t use banking services. They use Mobile Money for their transfers and use the Cellphones for their transactions. That is why is worrying for the public.

The Excuse from the Minister:

““The NRM caucus and Cabinet sat and agreed on 0.5% instead of 1%. I don’t know what happened,” he said. Last week, Parliament passed a 1% tax on mobile money as part of the Excise Duty amendment Bill. The opponents of this tax say that the 1% tax on mobile money will hurt the economy, its people and it is counterproductive. “I am sorry. I was out of the country when it was passed. I will have a discussion with the President and maybe by the time I read the budget next week, a solution will have been found,” Kasaija said” (Wamala, 2018).

It help to be on vacation. I wonder if the President did the same during the Age Limit debacle, as he traveled around the globe. While the skirmishes was happening in the Parliament. Now the Minister says the same. That he now will try to fix it. No matter if he reverse it, it will still add more cost to the consumers and the ones who needs the Mobile Money. A service that is needed, as the banking system isn’t for everyone and neither is the day-to-day lives of many able to even be parts of it. That is because the state has left these groups of unemployed and poor behind.

What still worries me, is that there are no scope of the possible effect and what it will do to the economy. If there will substantial growth or down-turn. If certain groups that is hit, will be worse of and struggle more. Then the question is, will the added revenue be used in other parts of the economy to boost their need for services or just to pay off old debt?

Because, these taxes will be felt by the amounts of people who struggle, who has little or nearly none. There are plenty of them. These will pay-off huge sums for them, because this is subtracted directly from their salaries and sales as hawkers and traders, farmers and whatnot. Just sending money to relatives in up-country will be more costly. This is clearly just sending the memo, that the digital age is in for the taking and the advantages are becoming more expensive.

This wasn’t error, this was deliberate, even if you we’re away Mr. Kasaija. You can try to save face, but its better to reverse before speaking out. This is you trying to look good for the spotlight before addressing the Parliament. That is all. Peace.

Reference:

Wamala, Maria – ‘Mobile money tax was passed in error – Kasaija’ (05.06.2018) link: https://www.newvision.co.ug/new_vision/news/1479138/mobile-money-tax-passed-error-kasaija

Brexit: UK’s ‘Preferential Treatment’ concerning trading goods with the EU is soon over!

Latest in not so breaking news, this isn’t a newsflash. Not for some of us. Certainly the United Kingdom, Her Majesties Government should be aware, but they are dodging this sort of thing every single time. Tories Government and the negotiation team is winding down and looking at the world upside down. Trying to configure itself to its reality, without looking at the scripture on the wall. However, that has been impossible from the Brexiteers and the closes allies of the Tories. They have been thinking everything will be smooth and not cost the UK anything.

I hate to say this. If you believed anything of the smooth and soft Brexits existing. Your wrong. Your boat left for the high seas. That just sat there at the dry-dock awaiting orders and hire people to travel to the destination. However, that never happen, as the empty promises left you and the remaining crew left behind at port. That is what the Tories Government has done to you.

Your will not be special, you will not be somebody who the European Union looks differently at. The United Kingdom is the ugly duckling of Europe. The UK will not be getting Preferential Treatment by the EU. That is what the European Commission wrote in a notice on the 4th June 2018 named: “NOTICE TO STAKEHOLDERS WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF CUSTOMS AND EXTERNAL TRADE – PREFERENTIAL ORIGIN OF GOODS”.

The signs of the wall is here:

Goods exported from the EU:

As of the withdrawal date, an EU FTA partner country may consider that goods having an EU preferential origin before the withdrawal date no longer qualify at the moment of their importation in that third country, due to United Kingdom inputs not being considered as ‘EU content’. As of the withdrawal date, in case of verification of the origin of goods exported to a third country under preferential treatment, the exporters in the EU-27 may, upon request from that third country, have to prove the EU origin of the goods taking into account that United Kingdom inputs no longer account as ‘EU content’.

Goods imported into the EU:

United Kingdom inputs incorporated in goods obtained in third countries with which the EU has preferential trade arrangements and imported into the EU as of the withdrawal date will be ‘non-originating’, in particular in a context of cumulation of origin with the EU. As of the withdrawal date, in case of verification of the origin of goods imported into the EU, exporters in third countries may have to prove the EU preferential origin of the imported goods” (European Commission, P: 3, 04.06.2018).

This here is saying what is expected. That the business side of the UK will be hit. The financial services of London will be hit. The export and the producing part of the UK will be hit. Especially the parts that is manufactured for the European Common Market. The Traders and Importers that is based in the United Kingdom. Will have to comply with a Third-Country standards and will not be treated as Member State. This means the cost, the labeling and the ways of trading will differ. When your outside, your really outside and has to do it differently.

This sort of treatment of the UK will also hit the businesses from the EU, which is working directly and have their majority of operation within UK. That is why some are moving out from the UK to secure their place in the EU. Like some moves to Germany or Ireland. To get the same secure place and secure their trading, their liabilities and their ability to trade on the same grounds as they did from London today. Which they will not be able to do as the Brexit is nearing.

This here is a business hit, this here is going at the currency and at the core of the cash-flow of the United Kingdom. This is really showing that the UK cannot get their soft-Brexit. That is impossible, because this is really showing the reality of trading. That the boarders and the customs will be harder, as the origin and the tariffs will hit the fan. They are outsider, not an insider in the Union. That has a price.

That most of us anticipated, but the Tories haven’t, if they have been deliberately blind, then they have cheated the public and they will pay. As this is destroying the ability of businesses, trading goods and will also affect other industries. They are not just toying around in Brussels. They are really showing the reality, which the Tories doesn’t want the public to know. Peace.

Lack of Due Diligence on the Exercise Duty Amendment Bill of 2018!

The nine page memo on the Exercise Duty Bill Amendment of 2018 is an insult to everyone who cares about governance. The leaked Report from the Ministry of Finance, Planning and Economic Development (MoFPED). Is really just a carbon copy of the initial taxes and rubber stamping the bill without any considerable efforts, arguments or questions to the new taxes.

It is weird that the MoFPED can get away with lax work and lack of work ethic, lack of reasonable numbers and crunches of statistics. Proof that this is actually good for society, that the new taxes on Mobil Communications, Mobile Money and Cooking Oil is of an calibre good. Alas, that is not the case, the report isn’t spelling out that. It is just saying, That it is just unfair that ones actually calling is paying taxes, but the ones using mobile data is not. However, isn’t the Telecommunication Companies already paying huge level of taxes on their profits of every sale of airtime? So now just topping it off by adding taxes on Social Media Apps and on Mobile Money? Also the VAT on the Airtime as well?

You have the tax on the airtime, tax on the profits on the airtime; you will have tax on the usage of social media and mobile money. Meaning the state gets revenue from nearly all aspects of usage of the phones. Soon you cannot open anything without withdrawing money from your account as the state is billing you extra for the top services. They are calling this “over the top service” sort of like all the benefits the Members of Parliament has and is billing on the Republic.

Therefore, reading this report, that no one questioned it or had any concern, that no one said anything or looked into the amount of usage and the cost on the cell-phone user. Neither, the added cost on the basic household for any of the new taxes. Show a unpleasant disregard for the hardships of the citizens in question. You cannot expect to be enlighten on 9 pages of a report, you cannot, because your not digging deep into a problem or a situation on a 4 page brief. Your just touching the subject matter and disregarding the issues at hand. The Parliament has recklessly added this taxes, as the President ordered in his letter. The letter from 12th March 2018 dubbed “Re: Lack of Seriousness in Tax Collection”. As they are just following his words and not considering any implications. That is what is bugging me.

If these was serious MPs who cared about the constituents and the citizens in general, before imposing taxes, they would see what estimates and who would be hit. Secondly, what it would do with quality of life and consequences for the poorest of the Republic. That is if they cared about that. Apparently, they don’t, because they are just whistling after the President and his every whims.

The people should be insulted by their MPs and their lack of understanding, their lack of concern. They should be ashamed to have this sort of people representing them. That they cannot have any of these following government bodies to do, due diligence on the amendment:

Uganda Communications Commission (UCC), National Identification and Registration Authority (NIRA), Uganda Revenue Authority (URA), Ministry of Finance, Planning and Economic Development (MoFPED), and Ministry of Information and Communications Technology (MICT).

All of these should have delivered some sort of report and proper framework, the actual costs and the implications of these taxes on Mobile Money and Social Media Tax. However, the didn’t do that, because they don’t care.

Neither did URA or MoFPED. They just didn’t care to put in the work and show the reality of these proposals. They are just blindly following the blind, aka the President. That is what they do and people have to suffer because of it. Paying much more for service, being invoiced as long as they have the possibility to use the services. That is what the Exercise Duty does, that is what the state do to its citizens. Peace.

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