Zanu PF Regime To Impose 10% Tax On Foreign Owned Companies To Fund Black Empowerment

Zanu PF Regime To Impose 10% Tax On Foreign Owned Companies To Fund Black Empowerment

GOVERNMENT plans to impose a 10 percent tax on foreign-owned firms to fund a black economic empowerment programme that is designed to bring the companies under local majority control, a minister was quoted as saying on Monday. Some of the companies that could be affected by the new tax include the world’s top two platinum producers Anglo American Platinum and Impala Platinum Holdings, which both have operations in Zimbabwe. Under the Indigenisation and Economic Empowerment…

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