Monday, 28 February 2011

ZDA Spotlight : January 2011

A belated edition of the ZDA Spotlight :
ZDA Spotlight : January 2011

THEMES :

1 Comments:

  1. Zambia's first Extractive Industries Transparancy Initiative (EITI) report has revealed a net discrepancy of 12.31 billion kwacha and an absolute discrepancy of 247 billion kwacha between what mining companies declared having paid in taxes and other statutory payments and what government agencies reported having received in 2008 (Daily Mail/Times 23).

    K247 billion at an exchange rate of K5000/USD is $49.4 million.

    Not quite the $1,200 million the mining industries owe the Zambian government, but still not nothing.

    The question is - how much of that goes to the MMD?

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