The findings of a two-year investigation into possible tax avoidance by a Zambian copper operation of Swiss commodities giant Glencore (LON:GLEN) will not be made public by The European Investment Bank. In 2005, the EIB – which is owned by EU member states and in 2013 provided some $75 billion… – Continue reading
Zambia was withholding $600 million (R6.3 billion) in VAT refunds owed to copper mining companies and would repay it only when they produced import certificates from destination countries, Mining Minister Christopher Yaluma said yesterday. The government started last year to enforce the 2008 requirement intended to curb tax avoidance. However,… – Continue reading
ZAMBIA is reviewing its tax treaty with the Netherlands and Ireland to allow the incorporation of anti-abuse clauses where necessary, a senior government official said.The move, according to tax justice advocates, marks a turning point for Zambia, which has been a key victim to tax avoidance by multinational corporations that… – Continue reading
ZAMBIA, which has signed 22 double taxation treaties (DTT) with various nations has been urged to develop its own model that suits particular circumstances to maximise benefits. Double taxation is levying of taxes on the same income (or capital) of the same tax payer in the same period. According to… – Continue reading
