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In Innscor’s full financial year ended June 30, 2024, Zimra had assessed additional income taxes, penalties and interest amounting to US$11,74 million.
The organisation added that the taxing of the richest should be at rates high enough to significantly reduce the numbers and wealth of the richest people, and redistribute these resources.
Takaindisa said all tax collections should be invested with financial institutions to add to the revenue coffers instead of having funds that lie idle in the collecting account.
In an analysis of the firm’s financial statements for the full year ended March 31, 2022, IH said that downside risks still existed from high financial costs.