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Zimra needs a shake-up

NewsDay Staff ·

IT is an undeniable fact that President Emmerson Mnangagwa’s government desperately needs to raise money to finance its operations.

However, we believe the regime ought to have properly accounted for the little revenue it has collected and plugged gaping holes in the revenue collection system before swooping on almost everyone demanding a 2% per dollar tax on every electronic transaction.

With the increase in the electronic transaction tax, Zimbabwe now possibly has the highest marginal tax on the continent and for a country with impoverished citizens, it is not only a manifestation of insensitivity by the government, but rather cruel.

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