ZIMBABWE’s ambitious push to lift its tax-to-GDP ratio to 22 percent by 2030 risks stifling economic growth, dampening foreign investment and eroding household incomes, economists say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they warned this week that raising the tax burden…
‘Tax push threatens FDI flows, economy’
Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they warned this week that raising the tax burden on companies and consumers too rapidly in a recovering economy would backfire.