New Zim tax will 'pick-pocket the poor': MDC

2018-10-03 05:56


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

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”.

In a statement, party spokesperson Jacob Mafume said with chronic shortages of hard cash, Zimbabweans had no choice but to use electronic money transfers, and now they would be punished for it.

“This is a war being declared on a particular class of Zimbabwe, the working people,” he said.

Other prominent Zimbabweans weighed in with their criticism.

'This is not right'

“Have the authorities considered the impact of this decision on the already rampant price increases?" asked lawyer Fadzayi Mahere on Twitter.

Activist Evan Mawarire called the government's new tax "unjust". He wrote: “They specialise in making us poor. How many times will you rob us and expect us to be okay with it? This is not right, it is unjust and it is cruelty to an already struggling people.”

The tax on electronic transactions was proposed in February by top MDC official Eddie Cross, when he was still an MP. He said the measure would be effective in collecting revenue from the informal sector, where most economic activity takes place, according to New Zimbabwe

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

FOLLOW News24 Africa on Twitter and Facebook

Read more on:    mdc  |  eddie cross  |  zimbabwe  |  southern africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.