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Alba Iulia
Thursday, May 28, 2020

Zambia Sugar’s low Tax Contribution : Is it fair?

Videos and Audios Zambia Sugar's low Tax Contribution : Is it fair?

8 COMMENTS

  1. No. It is not fair. However, as the manner in which we have allowed the Silver Spoon manufacturer to operate was rubber stamped by our own government not even considering the impact on its own people, we are ultimately responsible for killing our own in the name of foreign investment. What is the actual benefit to Zed. I see none.

    These same companies are now fighting tooth and nail in foreign lands to stop the new ‘sugar tax’ to be imposed on products that contain a lot of sugar e.g. Soft drinks, claiming it will be hard for them to make profit. The cynicism is stunning. Our apathy is staggering. Zambia Sugar, the Brewers and the mining companies are all treated like gods when they do more harm than good. Is any leader brave enough to tackle this?

  2. People let us have facts, Zambia Sugar is paying the taxes as per the stipulated laws of the country. Have your facts right before you comment and mislead the world

    • Very correct,can someone give us the facts concerning this issue. Our argument must be based on something tangible

  3. Zambia Sugar’s tax payments is laughable, its dividend-payouts to Zambian shareholders is scandalous!
    It is tempting to do what Zambia Sugar is doing because all you need is pay a bribe to a high up. Or you can do simple creative accounting, such as inflating investment costs that are allowable against tax or fudge numbers so that the company declares minimal profits to Zambia but off-loads high profits to off-shore shareholders. It is so simple and everybody is doing it! Even I could have done it if I was in its shoes!

  4. There is need for the government to act. Can ZRA ensure that all taxes are paid. And can ZDA change some of these stupid tax exemption we give to these investors

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