MUSOKOTWANE’S MINING POLICIES HAVE ALWAYS ROBBED ZAMBIA OF BENEFITS FROM ITS NATURAL RESOURCESDear Editor, I AM afraid to say that Dr. Situmbeko Musokotwane, the Finance and National Planning minister is back and is back to rob the country of its desired benefits from its endowed natural resources. In 2008, Dr Musokotwane abolished the windfall tax, and that’s the last time Zambia genuinely benefitted from the mining sector. He is back to hand back the mines to unknown investors and he is laying ground for a tax regime that benefits investors and robs the country of discernible revenue. MINERAL ROYALTY TAX Mineral Royalty Tax is not a fee it’s a tax. Currently it’s paid as final tax by both loss making and profit de claring mining companies as a final tax. So it is net tax income to the Zambian people. In the last 25 years only Kansanshi and Kalumbila have been declaring profit and pay […]
MUSOKOTWANE’S MINING POLICIES HAVE ALWAYS ROBBED ZAMBIA OF BENEFITS FROM ITS NATURAL RESOURCES
