Kampala lawyer Fred Muwema has warned Parliament to slow down excitement on the 0.5% tax on mobile money by government on the operations by telecom companies before having it passed.

President Yoweri Museveni recently dismissed the earlier one percent proposal in the budget, pushing for half of it. The speaker Rebecca Kadaga went ahead to hand it over to the committee

Muwema appearing before Parliament, slammed the proposal claiming that the tax would cause problems to government if not handed properly.

He explained: “Attempts to pass the law, to pass 0.5% on mobile money, we shall amend our case in court and request the court to nullify the law.

Muwema justified: “Because in our view, there is no legal basis for this law. It is not equitable, it is not fair.”

The city lawyer, warned: “If Any of these telecom companies, if it collapsed and there was money on this platform, that money would not receive the legal protection that people who have money than people who have money in a collapsed bank would receive.”

He proposed: “You can intervene now by directing the minister of finance to immediately present to Parliament a bill, a bill not just for mobile money. But you should have a comprehensive bill to support all e-money pay systems.”