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FQM proving Zambia erred on $8B tax bill
ABOUT six weeks ago, First Quantum Minerals received an assessment by the Zambia Revenue Authority demanding K76.5 billion (about US$8 billion) comprising $6 billion in interest and $2 billion in penalties on the $150 million assessment claim on duties.
First Quantum president Clive Newall
It was the subject of last month's African Angle column and Barry Avery follows up on this somewhat extortionate stunt being pulled by President Edgar Lungu's cash-hungry taxation office. It was only...
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