Friday, 16 October 2015

Budget Consultations- My One Billion Dollar Revenue Per Month Proposals


SECOND HAND MOTOR VEHICLES
 I propose that motor vehicles duty on second-hand cars should be lowered as the duty only serves to burden the poor as it makes transport expensive. We do not have the comparative advantage in the manufacturing of motor vehicles and the so-called motor vehicle manufacturing companies are importing kits which they assembly.

These companies in light of advancing technology and automation are never going to employ as much as they were employing in the seventies and eighties.
In short we do not have the motor industry to protect, and the notion that second-hand cars are a nuisance is an elitist one. The benefit of having more second-hand motor vehicles on our roads beat that of not importing as I shall highlight on my second proposal.

FUEL TAX
I propose that a fuel tax is charged per every liter of diesel and petrol. This will work as opposed to the one-time import duty on the second-hand vehicle. Every vehicle that is moving on our roads will be contributing to the fiscus; in short it means every vehicle registered or not, will become a revenue source that will contribute to the fiscus  on a daily basis. The more the merrier as the Englishman will say.

This tax is hard to invade and ease to collect and Zimra should have their supermarket machines at every service station and collect hard cash every morning.

 50%  EXCISE DUTY ON THE ALCOHOL
I propose that the excise duty is the same on imported beer and local beers as these are all manufactured by a cartel. Canned and bottled beer is being dumped in Zimbabwe and the importers should fund the fiscus. I propose 50% excise duty on a liter of beer, wine, and spirits.

Gonomics (the economics according to Gideon Gono) used to call these sin taxes let the sinners pay. The official smugglers (Multinational Corporations) and the unofficial smugglers pay the tax for their sins. Amen!!!

EXPORT PRE- INSPECTIONS
I propose that all exports be pre-inspected and valued before being shipped. I also propose that all companies that export and do not want their shipments inspected pay a refundable deposit of say $10 000 per consignment for exemption.

My proposal is in view of the rampant under-invoicing by multinational companies and former foreign-owned companies especially those in Manicaland 

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