Tue, 16 Jan 2018 10:17:36 +0000 By Martin Musanka ZAMBIA’s mining industry, which has suffered from unpredictable Government policies in the past 10 years, had its fair share of commentaries during 2017 on the performance of mining companies which were repeatedly accused of tax evasion to the tune of a colossal US$3 billion per year. Some self-styled analysts have come forward to accuse them of externalising revenues and evading tax without proffering substantiated evidence as to how these activities have been executed, leaving some of their statements hanging with no balancing act. Without regard to pitch some of the information with the Zambia Chamber of Mines (ZCM) for verification and have an opportunity to examine the evidence, some of the analysts went throbbing, in releasing alarming figures against an industry which has seen a number of regulations meant to control the sector. One consistently overlooked element is that while investors in the mining industry […]
