Zambia will scrap windfall tax on mining companies
Zambia, Africa's biggest copper producer, will scrap a windfall tax on mining companies, Finance Minister Situmbeko Musokotwane said, following opposition to the duty from miners.
It is reported that the Zambian parliament has charged that the current tax regime for the mines is prone to cheating and there is need for the country to reintroduce the recently abolished windfall tax.