Bridgefort dreads CG tax review

17

BRIDGEFORT Capital (BFC), formerly MedTech Holdings, has warned that a review of Zimbabwe’s capital gains tax (CGT) to 40 percent, as recently proposed by the Treasury, would “undermine” the country’s capital markets. On May 7, the government announced a raft of measures including an increase in CGT on Zimbabwe Stock Exchange shares to 40 percent.…