By SILUMESI MALUMOTHE reason Zambians are feeling the pinch of the high cost of living is because Government has given the mines a tax holiday, Patriot for Economic Progress president Sean Tembo has said.Mr Tembo said Zambians are not benefiting from high copper prices because of such wrong decisions.“The new dawn administration gave mining houses this de facto tax holiday because these mines have been funding the UPND campaigns since time in memorial, so they are now paying pack.However, he said, this is being done at the detriment of Zambians citizens.“With the high copper prices being at a record high, we were supposed to be recording a huge budget surplus right now, our foreign reserves at BOZ were supposed to be growing exponentially, our foreign debts which the current government inherited were supposed to be liquidated at a fast pace, but none of that is happening,” Mr Tembo said.He said “They are even failing to […]
Mine tax holiday disadvantaging Zambians – PeP
