Slap a hefty Export tax to discourage exports of raw materials and encourage local value addition.
Sent: Monday, June 12, 2017 4:48:50 PM
To: Chambi Chachage; Wanabidii; Rodrick Kabangila; Wanataaluma Wa Tanzania; Wanahakirasilimali; Camillus Kassala; Wanazuoni - Informal Network of Young Tanzanian Intellectuals
Subject: [wanabidii] Re: ACACIA Informing the Market about Pres. Magufuli Second Committeem Report
Dr Kassala,
I have read page 3 of this http://www.acaciamining.com/~/media/Files/A/Acacia/documents/concentrate/concentrate-questions-and-answers-20170502-english.pdf part of what you attached here, and my comment is this:
I think here ''Under Tanzanian law, anyone who exports products out of Tanzania-whether they are a mining company or a brewer or a farmer are not required to pay local Tanzanian VAT on the costs of producing those exported good, that is on the costs of the services and supplies producing those exported goods!!!.'' is where our bad laws are denying us the biggest portion of the taxes other than royalties we deserve from the mostly foreign services and supplies generating the products of the local mining industry for export. These operate here always for profits, and consuming more than 50% of the industry's revenue as the costs of the services and supplies plus their profits, when the also mostly foreign ownership's of the mines earn less than 15% of the industry's revenue as the costs of the ownership's plus their profits. That is, the providers of services and supplies to the mining industry should have been paying more in the form of VAT than the ownership's of the mines pay in the form Capital Gain Taxes. It is bad law which treats production of beer or textiles for export same as the foreign extraction of our nonrenewable natural products like minerals for export!!!! The difference is huge- while the beers and textiles are made in the country, the exported minerals are non renewable natural occurrences which are harvested rather than foreign made in Tanzania for export. Moreover, damages of local VAT exemptions on the revenues earned by the services and supplies generating minerals for export on the economies of the exporting developed countries like Canada, Australia and USA are minimal compared to what they would on the economies of the exporting developing countries like Tanzania and Ghana, because the mostly foreign providers of mining services and supplies to the mining industries of the world are reinvesting most of the local VT exemptions they are enjoying in the economies of the developed rather than developing mining countries of world.
Sent: Monday, June 12, 2017 2:30 PM
To: Chambi Chachage; Wanazuoni - Informal Network of Young Tanzanian Intellectuals; Dr. A. Massawe; Wanabidii; Rodrick Kabangila; Wanataaluma Wa Tanzania; Wanahakirasilimali
Subject: ACACIA Informing the Market about Pres. Magufuli Second Committeem Report
Send Emails to wanabidii@googlegroups.com
Kujiondoa Tuma Email kwenda
wanabidii+unsubscribe@googlegroups.com Utapata Email ya kudhibitisha ukishatuma
Disclaimer:
Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.
---
You received this message because you are subscribed to the Google Groups "Wanabidii" group.
To unsubscribe from this group and stop receiving emails from it, send an email to wanabidii+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
0 comments:
Post a Comment