Sat, 21 Jan 2017 13:26:54 +0000 BY OSCAR MALIPENGA ZAMBIA is losing close to K3 billion annually through corporate tax dodging because some mining companies have continued to take advantage of Zambia’s weak monitoring systems for various minerals extracted, Centre for Trade Policy and Development (CTPD) executive director Isaac Mwaipopo has revealed. And the CTPD has demanded that Government should met stiff punishment on the companies that have been stealing money from Zambia through illegal export trade and illicit financial flows. Mr Mwaipopo was reacting to revelations in the Auditor General’s report that six mining companies had been exporting more than permitted volumes of extracted minerals. He said the situation was unfortunate for a country like Zambia that was desperately in need of maximum revenue for local economic growth. “In the report, it is stated that six mineral exporters actually exported 6,241,628 kilograms instead of exporting the permitted 3,402,172 kgs. “This is 80 percent beyond […]
