‘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.

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…

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