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ZAMBIA LOSING US$3BN FROM MINING SECTOR – ANTONIO MWANZA
…all foreign multinational mining corporations in Zambia, including KCM, which Vedanta Resources has just re-acquired have been awarded tax holidays
…all foreign multinational mining corporations in Zambia, including KCM, which Vedanta Resources has just re-acquired have been awarded tax holidays
By NATION REPORTER
ZAMBIA is losing an estimated US$3 billion annually from the mining sector through tax avoidance, price transferring, tax refunds, capital flight, externalisation of profits and illicit financial flows, Antonio Mwanza has claimed.
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