Tag Archives: tax

ActionAid advises Zambia to re-negotiate tax treaty with Ireland

ZAMBIA should urgently re-negotiate its bilateral tax treaty with Ireland to halt multinationals flying the money out of this economy, says ActionAid. The charity, which recently documented alleged tax avoidance practices by Zambia Sugar – findings that have been disputed … read more »

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Business brief

By Uncle Mike COPPER PRODUCTION DOWN OR IS IT DEMAND?… It was first reported last week by the ministry of commerce that copper export proceeds for 2012 dropped and this was attributed to lack of demand for the product. A … read more »

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FQM to increase taxes due to Govt

FIRST Quantum Minerals (FQM) will progressively increase the amount of taxes due to the Zambian Government as more mining units start production. FQM resource optimisation manager John Gladson said FQM will not indulge in tax avoidance but would instead increase … read more »

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TAKE KEEN INTEREST IN AFRICA – SAMPA ADVISES SCHOLARS AT HARVARD

Deputy Finance Minister Miles Sampa has called on scholars in business management, economics and government policy at Harvard University in Boston to take keen interest in Africa. Mr. Sampa said Africa is endowed with huge reserves of raw materials that … read more »

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George Osborne in pledge to help world’s poor fight tax abuse

The chancellor George Osborne has pledged to join forces with the developing world to crack down on multinationals avoiding tax in some of the world’s poorest countries. Fresh from the G20 meeting of finance ministers in Moscow, Osborne reveals in … read more »

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Zambia’s longest-serving finance minister explains how multinationals avoid taxes

MULTINATIONAL companies are avoiding taxes by inflating their operational costs through the involvement of many foreign firms in transactions, says Ng’andu Magande. Meanwhile, Zambia Sugar has denied engaging in illegal practices aimed at reducing the amount of taxes paid to … read more »

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Zambia Sugar – Associated British Foods Must Stop Tax Dodging in Zambia – ZDDN

Associated British Foods, London-based multinational and owner of UK household brands like Silver Spoon and Kingsmill has been paying virtually no corporation tax in Zambia. Zambia has missed out on an estimated US$27 million in taxes since 2007. That’s enough … read more »

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ActionAid stands by Zambia Sugar Tax report

ActionAid International Zambia Country Director Pamela Chisanga has maintained that the new investigation carried out by her organization which has exposed Zambia Sugar Company’s tax avoidance is a true reflection of the situation on the ground. Speaking at a public … read more »

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State to decide on 10% concentrates mine tax request

GOVERNMENT is yet to make a decision on calls by the Zambian mining industry for the removal of 10 per cent duty on copper concentrates to allow for the processing of the ore outside the country. MINES, Energy and Water … read more »

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