‘Tax push threatens FDI flows, economy’

ZIMBABWE’s economy, which has almost quadrupled over the last 10 years from US$17 billion in 2017 to $66 billion this year, now ranks 14th in Africa, latest figures from the Inter­national Monetary Fund (IMF) show.

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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