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(LUSAKATIMES) Mwanawasa would have changed stance on windfall tax – Musokotwane

Mwanawasa would have changed stance on windfall tax – Musokotwane
Wednesday, March 9, 2011, 6:52

Finance and National Planning minister Situmbeko Musokotwane has said that the late president Levy Mwanawasa may have changed his stance on the windfall tax. Dr. Musokotwane said that it is wrong to state that he changed his mind on the windfall tax, when he was the economic adviser to the late president.

He said that even under the late president, he had his opinion, ruling out the possibility of entirely supporting the windfall tax. He said that he has since maintained that the windfall tax was wrong, describing it as an illusion.

He said that whether Zambians like it or not, the windfall tax was very wrong to the Zambian mining sector. Dr. Musokotwane stated that the sooner Zambians realize that it is a wrong initiative to collect tax, the better. He said that it is government’s responsibility to ensure that they collect enough tax from the mine companies.

And Dr. Musokotwane has announced that beginning next year, the mining companies will be paying more tax. He said that the mining revenues will increase, from the initiatives that the government is putting in place.

QFM

Labels: LEVY MWANAWASA, SITUMBEKO MUSOKOTWANE, WINDFALL TAX

posted by MrK @ 5:46 PM