By Amb. Emmanuel Mwamba
Zambia’s imports and exports to Pitcairn Islands dramatically grow
…hiding money in offshore accounts and tax havens to avoid revenue information, ownership structure and avoid paying taxes…
The Pitcairn Islands officially Pitcairn, Henderson, Ducie and Oeno Islands, are a group of four volcanic islands in the southern Pacific Ocean that form the sole British Overseas Territory in the Pacific Ocean.
Since 2022 Zambia’s copper is exported there and in return, Zambia imports oil and fertilisers!
Pitcairn Islands becomes the second largest importer of Zambia’s copper after Switzerland.
As at January 2022, Pitcairn has 47 inhabitants!
Just like NO actual copper goes to Switzerland and the bulk of copper and cobalt is headed to China, these are mere paper transactions to hide revenue, obscure actual shareholder information and avoid paying taxes.
Some of the oldest tax havens include Liechtenstein, Switzerland, and Panama, while ones include British Virgin Islands, Bermuda, Guam, Taiwan, and Jersey.
Seychelles and Mauritius have emerged as tax havens for offshore investments and financial operations.
The tax structure varies from country to country, but all tax havens offer themselves as a place where non-residents can escape paying high taxes in their jurisdictions, by putting their assets or businesses in those jurisdictions.
Cabinet recently approved several tax treaties on the avoidance of double taxation.
Zambia signed a Double Taxation Agreement currently has about 26 such Double Taxation Agreements (DTAs) with foreign nations.
UBUFI; These Agreements are said to play an important role in attracting much needed Foreign Direct Investment (FDI).
Data 1995-2022?
YOU DID NOT KNOW HOW TO MAKE MONEY FOR THE COUNTRY. YOU HAD TO HAND OVER POWER TO PEOPLE WHO ARE CAPABLE OF USING THE FREELLY GIVEN ASSET- THE BRAIN. KEEP ON WONDERING HOW YOU WERE FAILING TO DISTRIBUTE CDF AT K1.6m. YOU KEEP ON ASKING, WHERE IS HE FINDING ALL THIS MONEY HE IS CHUNNING OUT IN THE COMMUNITIES? KEEP ON DAY DREAMING EMMANUEL.
Our money is going. Our president was taught by Americans on how to move money without leaving a trail and he’s very good at it. Praise singers think it’s politics as usual.
2.1 PF LOSERS FOR 2.1 PF IDIOTS iwe nim*tuvi yamene ukamba ayou.
You are ONLY NOW revealing what has been going on in Zambia for years. Have we forgotten that Sata went to Malawi to meet Taiwanese and was also detained in RSA because he was carrying thousands of US dollars in his luggage? The man you worked for, FTJ Chiluba must have given you this info. Now that you are no longer in power, you start revealing what GLENCO has always done. HH was named in the Panama Papers, with the leak stating that he was the director of Bermuda-based company AfNat Resources Ltd from March to August 2006. But there is no evidence that he still is.
You have said a whole lot of nothing, just as blank as your facial appearance