New measures to boost tax collection from the mining sector
have been announced this week by Finance Minister Alexander Chikwanda. The
implementation of the new system is surely in response to global media reports
that the country is losing billions of dollars of revenue from tax evasion
which could be mainly traced to multinational mining companies. The minister
said there was need to calculate the taxing based on the true production and
export data of minerals generated.
Original article: http://allafrica.com/stories/201302061030.html
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