Acacia Shares Fall As Tanzania Demands U.S.$190 Billion in Taxes

Acacia Mining shares plunged to a three-year low after the Tanzanian government demanded that the company pay almost $190 billion (Sh424 trillion) in unpaid taxes and fines. Acacia has consistently denied any wrongdoing, and disputes the tax assessments.

(file photo)


See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.