Tag Archives: taxes

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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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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First Quantum Minerals to pay US$1 billion in profit tax to Government next year

First Quantum Minerals (FQM) has projected to be paying in excess of US$1 billion in profit tax to the Zambian Government annually once Sentinel Mine at Trident comes on stream in 2014. FQM resource optimisation manager John Gladston said in … read more »

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First Quantum to pay $1bn tax

FIRST  Quantum Minerals (FQM) has projected to be paying in excess of US$1 billion in profit tax to the Zambian Government annually once Sentinel Mine at Trident comes on stream in 2014. FQM resource optimisation manager John Gladston said in … read more »

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A QUESTION OF FAIR PLAY

After reading some of the comments and exchanges posted on the Zambian Economist’s discussion on ‘taxation policy’, I feel that I can make my six-pence contribution.

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