Opinion / Columnist
Under Mthuli Ncube, Zimbabwe going nowhere fast
17 Jun 2022 at 08:30hrs | Views
FINANCE minister Mthuli Ncube is either a liar or suffering from selective amnesia.
Either way he should not be involved in anything to do with the financial affairs of Zimbabwe.
He has brought us to the ground with his absurd political economics.
Where in the world are people who earn way below the breadbasket poverty datum line expected to pay 25% on their gross income to the taxman?
The tax tables should be revised monthly to ensure that the tax-free band is the cost of the breadbasket for a family of six using the rate of exchange incurred by most citizens, not the fudged rate applicable to the politically well-connected.
Having a fixed rate for the year in this hyper-inflationary economy is totally absurd and shows complete indifference to the taxpaying public by Zanu-PF and the government. It is correct to conclude that Zimbabwe is going nowhere fast.
Either way he should not be involved in anything to do with the financial affairs of Zimbabwe.
He has brought us to the ground with his absurd political economics.
Where in the world are people who earn way below the breadbasket poverty datum line expected to pay 25% on their gross income to the taxman?
The tax tables should be revised monthly to ensure that the tax-free band is the cost of the breadbasket for a family of six using the rate of exchange incurred by most citizens, not the fudged rate applicable to the politically well-connected.
Having a fixed rate for the year in this hyper-inflationary economy is totally absurd and shows complete indifference to the taxpaying public by Zanu-PF and the government. It is correct to conclude that Zimbabwe is going nowhere fast.
Source - NewsDay Zimbabwe
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