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Monday, 24 May 2010

Reason 7 - Bantubonse critique

In a recent debate hosted by EAZ and World Bank Frederick Bantubonse argues against higher mining taxes :

Mr Frederick Bantubonse of Chamber of Mines observed that there was a wrong perception in Zambia that the mines did not contribute to the economy arguing that the mines should not be treated differently from other sectors. He said that many mines are not in a paying tax position but this is temporary and soon it will pass but even before the mines start paying tax they are contributing other taxes such as rates and through workers PAYE.
This argument is covered in the Eight reasons for rejecting higher mining taxes under  : Reason 7 : We are already benefiting through employment. The standard response as set out in that post is sufficient.