Zimbabwe's New Electronic Tax is Daylight Robbery - Opposition

The Zimbabwe government has changed the tax on all electronic transactions from 5 cents per transaction (no matter how large) to 2 cents per dollar. Finance and Economic Development Minister Mthuli Ncube says the new tax will help expand the revenue collection base - but analysts say it is tantamount to a tax increase given the shortage of cash in the country. And the opposition MDC says it is "daylight robbery".

Photo: The Herald

Finance and Economic Development Minister Professor Mthuli Ncube

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