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The Government has maintained that pressure to force it to impose higher taxes on mining companies is unrealistic because the Zambian law on taxation is a replica of the laws in developed countries such as Canada and Australia. Finance and National Planning Minister Situmbeko Musokotwane has also maintained that the Government’s decision to privatise the mining companies is irreversible because the current poverty levels and under-development in the mining hubs had resulted from the mistakes made in the 1970s when the mining companies were nationalised. Speaking during a recording of the British Broadcasting Corporation (BBC) television debate at Mulungushi International Conference Centre in Lusaka yesterday, Dr Musokotwane said African countries were encouraged to nationalise for them to become rich but the opposite was true.




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