Don't Use My Name to Launder Yourselves

No372 K10 www.diggers.news Friday February 15, 2019 Don’t use my name to launder yourselves... YES, I’M INNOCENT ...but Lungu, Chitotela steal together - Kambwili By Mukosha Funga I appreciate the fact that President Edgar Lungu has realised that people just framed me, but I’ll never take an o er to go back to PF because of what he did to me, NDC leader Chishimba Kambwili has vowed. In an interview, Kambwili wondered who lied to President Lungu that he was vulgar to Anti-Corruption Commission investigators, when he was never interviewed while in government, until a er a year following his dismissal. Meanwhile, Kambwili has thanked God that he was removed from government, saying as Chief Government Spokesperson, he would have been defending wrong things. To page 7 Sesheke election was not free and fair, there was too much violence - UPND’s Kang’ombe By Mukosha Funga at 32, says he would not Corruption accused Minister of Housing and Infrastructure Development Ronald Chitotela arrives with his bodyguards Newly-elected UPND Sesheke describe the Sesheke by- at the Lusaka Magistrates’ Court, where he was expected to take plea yesterday - Picture by Tenson Mkhala member of parliament Romeo election as free and fair, Kang’ombe says his victory is because there was too much just a snippet of the election violence involved. revolution that Zambia In an interview, ursday, Chitotela fails to take plea, as his will see in the 2021 general Kang’ombe said he emerged elections. victorious in Tuesday’s by- And Kangombe, who will be election because he was the lawyers seek ‘cease ﬁ re’ from media the youngest parliamentarian peoples’ choice. To page 5 Story page 5 Danny Pule’s church sues 19 members accused of insulting in worship wrangle Story page 3 By Mirriam Chabala Suspected PF cadres besieged PF cadres besiege the National Assembly entrance, ursday a ernoon, dictating which of the members of parliament could be allowed Parliament, harass inside the premises, while harassing opposition MPs believed to be critical of the Artists from across the country gathered at the Anglican Cathedral of the Holy Cross to government. mourn and pay their last respects to late Brian Chilala yesterday - Picture by Tenson Mkhala opposition MPs To page 5 2. Local News www.diggers.news Friday February 15, 2019 By Zondiwe Mbewe UPND president Hakainde Hichilema says the 2019 mining fiscal regime needs to be revised 2019 mining tax regime won’t because government will fail to raise their targeted revenues from a tax system that will prove burdensome on the sector. And Hichilema says he will not lead to increased revenues – HH be surprised to hear that the the government. Otherwise (operational cost). Prior to the meaning the company will be “What is even worse now is that rates, and the institutional PF government has adjusted from the analysis above, it’s 2019 changes, the company deemed to have profit before tax the 2019 tax regime will further arrangements must not downwards the tax regime very clear that although our would then go to ZRA (Zambia of US $25,000 and, therefore, affect mine development, which discourage the investment that owing to challenges in its tax regime is more onerous, it Revenue Authority) and pay ZRA will charge 30 per cent in-turn, will impact negatively on is necessary to give commercial administration and compliance is not yielding commensurate 30 per cent company tax on profit tax on US $25,000, which production and thus government value to Zambia’s mineral on the part of mining companies. revenues, but rather it is the US $15,000 gross profit. It will be US $7,500. In short, the revenues, in the short to medium- resources and that mitigates the In the UPND’s weekly newsletter discouraging investment means the company will pay company will be asked to pay an term,” Hichilema stated. environmental, health, and social to News Diggers! Hichilema and increased production, US $4,500 in taxes and profit additional 30 per cent tax on the And he said he would not be costs of mining activities. We argued that the 2019 mining thereby, denying the Zambian after tax for the company will $10,000 mineral royalty it already surprised if the PF government will not be surprised to hear very fiscal regime needed to be revised people the much-needed be US $10,500,” he explained. had paid to the government. adjusted downwards the tax soon that the PF government because government would fail revenues,” Hichilema stated. “Now under the 2019 regime, Effectively, therefore, theregime owing to challenges has adjusted downwards the tax to raise their targeted revenues In a detailed analysis outlining ZRA will not allow the company company will pay 50 per cent tax in its administration. regime and the rents will have from a tax system that was how government would fail to to deduct the US $10,000, on its profit as a result of double- “Our conclusion was that while been sought,” stated Hichilema. onerous on the mining sector. raise the desired mining tax which the company paid, as taxation on the mineral royalty.” we agree that the ultimate “We hope these stand offs The 2019 mining fiscalrevenues, Hichilema illustrated mineral royalty to government He also pointed out that objective of a mining taxation between the mining companies regime, which took effect last how punitive the 2019 fiscal through ZRA. Instead, ZRA will government’s frequent mining regime is to maximize the and the government are not a month, has seen an increase regime was on mining companies only recognise the US $75,000 fiscal policy changes would benefits that a country receives deliberate ploy to create some in mineral royalty rates by because government had placed operational expenditure and jeopardize future investments and from the mineral resources, the rent-seeking behaviour aimed at 1.5 percentage points at all an increased tax burden on will not allow the US $10,000, negatively affect revenue inflows. tax instruments, their established benefiting the privileged few.” levels of the sliding scale. already squeezed earnings. It also introduced import duties “Let us assume a company of five per cent on copper and produces 10 tonnes of copper at a cobalt, while also hiking export cost of US $7,500 and the copper Only God can oust Lungu from duty on precious stones and price is US $10,000. It means gemstones to a rate of 15 per cent, the company’s gross value will a situation that had previously be US $100,000 (i.e. 10 tonnes prompted mining companies X US $10,000 per tonne). Let us office before 2021 - East Rainbow to threaten job cuts, while also assume that the company By Zindikilani Banda in Sinda said President Lungu would come. Lungu is the only person because of the pride of our compelling Konkola Copper has no any other expenses. Its Rainbow Party chairperson only be brought down from who will rule and lead this colleague. Imagine that time Mines (KCM) to downsize its total expenses will be US $75,000 in Eastern Province Boston his office when God said so. country until 2021. It can only Lungu was in Sesheke and could Nchanga Smelter operations due (i.e. 10 tonnes X US $7,500 per Phiri says there is no need for His remarks also follow be God that would drop Edgar it be fair for a ‘lower’ man like to low availability of concentrates. tonne). The company will pay the opposition to try to force repeated attempts to move a Lungu; it is God that can elevate him (Hakainde) to conduct “The UPND wants more mineral royalty to government President Edgar Lungu out of motion of impeachment in the him. Even if we fight to remove a meeting? That was wrong taxes to be paid by the mining amounting to US $10,000 (i.e. office before the 2021 general National Assembly against the him, that will not happen until and it should be condemned! companies. But we also believe 10 per cent of US $100,000 election, saying only God Head of State, on grounds of God says: ‘Edgar Lungu, today, When Eagle One is visiting that we need to feed the cow since price is above US $7,500). can remove him from office. abuse of office, among others. you are going down.’ Nobody will an area, no political party that gives us milk if we expect This means profit before tax is In an interview reflecting on the “There is no need for us to fight, challenge Almighty God. God’s should show their face there good yields. This is the only US $15,000, i.e. US $100,000 widespread political violence we can fight and fight, but we time is the best,” Phiri argued. no matter what until he leaves point of departure that we have (gross sales) minus US $10,000 in the just-ended Sesheke can’t remove President Edgar He also said in most cases the area! We shouldn’t interfere from the current thinking in (MRT) minus US $75,000 parliamentary by-election, Phiri Lungu as God’s time has not yet it was the opposition that with H.E. (His Excellency) provoked government wherever meetings or visits,” he insisted. there were elections, insisting He regretted the enmity that that it was indiscipline for existed between the PF and opposition political parties UPND, and appealed to the to conduct a meeting or opposition political party to show campaign in an area where President Lungu the respect he the Head of State was visiting.

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