New Zim tax will 'pick-pocket the poor


Zimbabwe’s MDC party has slammed a new 2% tax on electronic transactions, which it says is meant to “pick-pocket the poor”.

New Finance Minister Mthuli Ncube said on Monday the new charge was designed to expand the tax collection base.

Many within Zimbabwe’s vast informal sector do not pay income tax, but the MDC said the revenue raised would be used to “fund the lifestyles of the political elite”.

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