Fiscal legitimacy is achieved when citizens trust that their taxes are going to be beneficial for all and not for a selected few or funding lavish unnecessary government expenditures.
It goes back to 2009 when Zanzibar passed a resolution declaring oil and gas not part of Union Matters.
Nothing for in Tanzania there is no law that specifically regulates the collection and processing of personal information or data.
The regulations follow the call for foreign exchange intervention to ease the effects of shocks with regulators urged to carefully weigh the interventions against potential longer-term costs.
The fees and licensing requirements enumerated in the guideline might in one way or the other pose threats to potential IDPs operators and entry-level startups who have been griping about bureaucratic processes and other regulatory impediments.
Having a mechanism in place that removes bureaucratic processes and at the same time creates regulatory certainty will be a good idea. Introducing Sandboxes can be the starting point.
On Thursday 14th April 2022, Uber suspended its Uber X, XL, and X Saver services in Tanzania citing an unfriendly business environment caused by the transport sector regulation
FBME was the only bank in Tanzania with few branches but had strong financial muscles. Data shows that as of September 2013, FBME was the largest commercial bank in Tanzania, with a total asset base valued at approximately $2.716 billion, which is about Sh4.4 trillion.
Though the High Court is not a superior court in the Tanzanian legal system, this ruling in the present time can be taken as a landmark ruling for so many cases of similar nature.
Money laundering offence, however, still remains an unbailable offence as no changes have been made to that effect.
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