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Tanzania is losing billions of shillings annually due to tax dodging and capital flight by wealthy individuals, profits laundering by companies and to untaxed activities in the grey economy, The Citizen has learnt. Experts say the government’s otherwise well-intended tax incentive regime has availed to multinational companies like banks, mining, brewing and telecom firms, loopholes for engaging in illicit capital flow, denying the Treasury a substantial chunk of revenue.They said the money was enough to finance several key development projects such as infrastructure as well as delivery of basic social services.




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