Mon, 26 Dec 2016 11:33:45 +0000 By BUUMBA CHIMBULU GOVERNMENT should not deep into the profit margins of investment at the expense of collecting revenue as it may kill the industries, says Professor Oliver Saasa Prof Saasa said while Government should be in the forefront promoting investment it should avoid imposing high taxes as that would kill the industry. He was commenting on the removal of the 7.5 percent duty on imported copper concentrates. “I understand where the Zambia Chamber of Mines is coming from. Much as I appreciate the Government’s need for additional revenue, it should not be done at the expense of killing the goose that lays the golden egg,” he said. Prof Saasa explained that much as he understood Government’s reasons for the tax proposal, it should not deep into the profit margin of those that ran smelters. He explained that imposing such duty on the copper concentrates would have made […]
