transaction-tax

President Emmerson Mnangagwa says he will soon revise again under-fire Finance minister Mthuli Ncube’s controversial two cents per dollar transaction tax — which caused widespread panic in the country when it was introduced last month.
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MDC leader Nelson Chamisa, has demanded that government reverses and refund Zimbabweans all the money they lost following the introduction of the infamous tax regime, which milks two cents on every dollar for electronic transactions.
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The recently announced tax regime has divided President Emmerson Mnangagwa’s Cabinet right through the middle with a section of it pushing hard to have the austerity measures reversed to ease the suffering among ordinary Zimbabweans.
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Former Industry and Trade minister Nkosana Moyo has dismissed Finance minister Mthuli Ncube’s tax reforms, noting that they do not address the real stem of the economic crisis, which is government’s overspending.
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Zimbabwe's fragile economy continued to implode yesterday as several companies temporarily shut down at a time prices of basic commodities continue to rise exponentially due to lack of foreign currency.
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Jittery Zimbabweans say Finance minister Mthuli Ncube’s humiliating back pedalling on Friday — on his much-criticised two cents per transacted dollar tax — was “too little, too late” because the country is now facing “a full blown economic…
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