By ADRIAN MWANZAIT is illogical for a government to give up annual revenue of over US$2 billion in Mineral Royalty Tax from mines to go and beg for a paltry US$1.4 billion from the International Monetary Fund (IMF) which will be disbursed over three years, Democratic Party (DP) President, Harry Kalaba, has said.He said the US$1.4 billion received from IMF was not enough to solve the country’s problems.Mr Kalaba said it was laughable for a country that was producing Copper, Gold, Cobalt and even Diamonds to ask for US$1.4 billion when it could be raised if the government put its house in order.He said it was unfortunate that the government was busy giving tax holidays to mines which had the capacity to raise about US$2 billion, which was more than the money they were getting from IMF.Mr Kalaba said that the removal of mineral royalties was a blunder as the mines had the capacity to […]
Kalaba rubbishes giving up MRT for paltry US$1.4bn
