Zimbabwe's finance minister has imposed a string of tax rises to bridge a huge spending shortfall and the effects of drought and slum clearances. First, they bulldoze your house, then raise your taxes to pay for it. Can New London top that?
A tax on drinks and cigarettes has been increased by 50% and mobile phone airtime will also be subjected to a 22.5% tax, Herbert Murerwa said. Zimbabwe is beset with shortages of
That's about $0.13 in real money.
The opposition Movement for Democratic Change (MDC) said the tax hikes would bring more suffering to Zimbabweans.
Our own Democrats don't believe that, so why should Maximum Bob?
"What the minister has done is to tell us straight in the face that the government is broke and they are prepared to drive the economy to a fatal crash," the MDC's Tapiwa Mashakada told parliament, AFP reports. Some of the money will help with food imports to
It was only 682,375.
Government critics blame Zimbabwe's economic problems on the seizure of white-owned land over the past five years. The government blames food shortages on drought and economic sabotage by Western countries, led by the UK, opposed to land reform.
Not the Joooooos?