Economics Association of Zambia president Lubinda Habazooka says critics of the new mining tax regime have eaten humble pie after having seen the benefits.
Habazooka says those that opposed the tax regime have regretted their stance and are appreciating the turnaround after mine forms backed down on massive job cuts.
Bringing sanity to Zambia’s tax regime (Mine taxation and Sales Tax introduction) is the first step towards more measures we shall propose this year aimed at enhancing national economic development.
Zambia’s economy is actually bigger than captured in official figures. It is not coincidence that we are amongst the most stable economies in Africa.
Issues to do with unemployment levels, low government revenues and reduced trickle down effect are as a result of leakages in the economy. Leakages created by old laws some of which were hastily enacted in the post command economy era of the early 90s.
We propose that each citizen fully reads and understands the 7th National Development plan and Vision 2030. To our friends that cannot digest the information at individual level, we have a series of activities lined up this year where these will be fully explained.
In order to achieve sustainable economic development, each and every citisen should speak with one voice. Let us all unite for the sake of our country. Even our critics are now in the forefront of supporting the new mine tax regime because “success knows no orphans”. Those that decided to take an opposite stance are now regretting because the truth has prevailed.
Politics, tribe, race, education should not divide us. We are one team. The Zambian team. Its us vs them in the global economy.
EAZ shall soon propose measures to our stakeholders aimed at ending decades long national economic development bottlenecks and impediments.
Dr. Lubinda Haabazoka
on Behalf of the EAZ Board.