ACT ON THE SOLUTIONS MR HICHILEMA
When we advise Mr Hichilema and the UPND government to revisit the mining concessions and tax waivers to improve dollar inflows to the treasury, and the economy at large, they never take advice or act on it.
They know it all. But here is the reality:
$2 billion of tax waivers per annum can employ 3 million farm workers. This is the reality on the issue of tax incentives.
The UPND government is depriving Zambians to improve their well being; through the provision of improved salaries, infrastructure, social amnenities, education, health, and so on and so forth.
ACT ON THE SOLUTIONS AND ADVICE
Dr Fred M’membe
I thought Mr. Mwamba is the only one who likes making up or exaggerate things but alas even Mr. Mmembe is in the same boat. For starters, there are currently no tax waivers on the mines and I challenge Mr. Mmembe to name the tax waiver he is talking about apart from the mineral royalty tax (MRT) being made deductible which can not be classified as a waiver but that is a story for another day. And even if they were waivers would it not be an ideal opportunity for Zambians to go in to mining and enjoy the so called waivers instead of just complaining all the time? Secondly, the revenue from the mineral royalty tax which has been made deductible would be nothing close to the $2 billion dollars he is talking about. Just for clarity, the revenue from the MRT tax would be have been about $340 million dollar NOT $2 billion as been claimed in the article. That is the rate of 5% of revenue from about 750K tons of copper for the previous year at $9,091 per ton (using today’s copper price at LME). The calculation would be as follows (750,000 x 9,091 x0.05 gives $340,912,500) so I don’t know where the opposition are getting their bloated figures. When will opposition leaders stop making up stories just to gain political milage? Only people who don’t know any better can believe such people.
This man can not lecture anyone when he has run two institutions into the ground.
Like Trump what can Mmembe advise anyone? What can he look back in life and say he has achieved?