Mon, 11 Dec 2017 12:44:25 +0000 … state must sanction Zambia Sugar for tax avoidance By AARON CHIYANZO GOVERNMENT, through Zambia Revenue Authority must take punitive sanctions against Zambia Sugar, following revelations that its holding company, Illovo, avoided paying $3 million tax, through dubious means, former UPND vice president for politics Canisius Banda has said. Dr Banda said if indeed the company avoided paying about US$3m to government through dubious structures and dealings as exposed in the Paradise Papers, then punitive action was needed. And Dr Banda warned that if not carefully monitored and stopped, this was one of the many ways that imperialists use to effect regime change in targeted States. Dr Banda said that Zambia was highly indebted and in a poverty situation largely because of the ongoing nefarious and fraudulent activities of corporate entities and individuals. He said in an interview that any company that avoided or contrives to avoid paying tax […]
