Gov�t dangles tax cuts to attract SPEDU investors
Wednesday, March 08, 2017
Government targets to facilitate creation of 10,000 jobs in the SPEDU region in the next four years
The incentives, which are categorised into six packages, include fiscal incentives, government off-take, provision of land, input costs, softer SPEDU region labour laws and one stop service centre.
The fiscal incentives include a five percent corporate tax for the first five years and 10% corporate tax thereafter.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...