Resource Tax
Zimbabwe was once run by a company called British South African Company. The company sole purpose was to exploit resources and export them to feed the British manufacturing industries in the UK. After the 1922 referendum which was about joining the BSAC territories to South Africa, the company split its interests into various companies like Anglo American Corporation, Lonrho, Meikles, British American Tobacco and various other entities.
The above narrative still stands. The surrogate companies under the British South Africa Company are still exploiting the Zimbabwean resources and feeding into the British economy at our disadvantage.
The following resources need to be taxed on point of export as the BSAC surrogates have been under-invoicing and resulting in serious revenue leakages.
1.Tea......per tonne US$100
2.Timber (indigenous +exotic) cubic metre US $100
3 Fruits
4 Horticulture
5. Game animals
6. Game meat
7. Leather and hides.
Motor Vehicle tax
I feel the duty on second-hand cars should be paid only on vehicles which are more than ten years. My take is that only individuals imported vehicles should be exempted while as car dealers should pay a prohibitive duty of 100%.
Fuel tax
Taking into consideration the scrapping of duty on second-hand vehicle, the government should charge about 15% of the cost of fuel as tax.
Industrial property and land tax
Local authorities must be allowed to charge tax on all unlicensed and unproductive industrial properties and land.
Infrastructure Direct Rebates
A 100% tax rebate must be granted to firms in industry and commerce on infrastructure development. The rebates can be claimed after certification and inspection by the District Development Fund.
1. Access roads
2. Pavement repairs
3 . Dams on farms
4 . Irrigation equipment
5. Road Construction equipment
6.Electrification of adjoining rural areas.
The above narrative still stands. The surrogate companies under the British South Africa Company are still exploiting the Zimbabwean resources and feeding into the British economy at our disadvantage.
The following resources need to be taxed on point of export as the BSAC surrogates have been under-invoicing and resulting in serious revenue leakages.
1.Tea......per tonne US$100
2.Timber (indigenous +exotic) cubic metre US $100
3 Fruits
4 Horticulture
5. Game animals
6. Game meat
7. Leather and hides.
Motor Vehicle tax
I feel the duty on second-hand cars should be paid only on vehicles which are more than ten years. My take is that only individuals imported vehicles should be exempted while as car dealers should pay a prohibitive duty of 100%.
Fuel tax
Taking into consideration the scrapping of duty on second-hand vehicle, the government should charge about 15% of the cost of fuel as tax.
Industrial property and land tax
Local authorities must be allowed to charge tax on all unlicensed and unproductive industrial properties and land.
Infrastructure Direct Rebates
A 100% tax rebate must be granted to firms in industry and commerce on infrastructure development. The rebates can be claimed after certification and inspection by the District Development Fund.
1. Access roads
2. Pavement repairs
3 . Dams on farms
4 . Irrigation equipment
5. Road Construction equipment
6.Electrification of adjoining rural areas.
Grain Incentives
A premium of 25% on international maize meal price should be paid to all farmers who deliver to the Grain Marketing Board. This premium should be fixed for the next five years.
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