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(LUSAKATIMES) Windfall tax imperative – Bob Sichinga

Windfall tax imperative – Bob Sichinga
TIME PUBLISHED - Sunday, September 25, 2011, 5:52 pm

Policy Consultant Bob Sichinga says it is imperative that the new government re-introduces windfall tax so that all Zambians benefit from the wealth in the mining sector. Mr Sichinga says the new government should also ensure that investors do not externalize all the profits they make in the sector but use the money for development.

He says the new administration should remain committed to broadening the tax base and indentify different social groups and determine how much tax each group can pay according to their earnings. Mr Sichinga was when he appeared on the ZNBC television programme, Kwacha Good morning Zambia on Saturday in Lusaka.

He says the Patriotic Front is aware that there is no system in place to get taxes from the informal sector and has urged the new administration to create a new system that will embrace all sectors.

Mr Sichinga says it is important that government broadens the tax base in order to reduce the tax burden on the formal sector.

[ZNBC]

Labels: MINING, ROBERT SICHINGA, WINDFALL TAX

posted by MrK @ 5:37 PM