By OLIVER SAMBOKOMINES Minister Paul Kabuswe has been petitioned to act on mining firms that have been declearing loses to avoid paying tax.The Evangelical Youth Alliance (EYA) Executive Director Reverend Moses Lungu presented a petition to the minister warning Government to act and save the country from minerals’ exploitation by crooked foreigners who are taking advantage loopholes in the mining sector. EYA has particularly demanded that mining licences issued to companies owned by Arc Minerals be revoked.It has also demanded in its petition that all companies that are engaged in dubious business undertakings in the mining sector should have their licences suspended until a thorough inquiry is instituted. And Reverend Lungu who presented the petition to the minister has noted that investment in mining is not anchored on taxes, but on the availability of minerals and expressed fear that if Mineral Royalty Tax becomes deductible from corporation tax, then the Treasury is likely to get nothing. Rev […]
MINISTER PETITIONED
