Broaden tax base, not tax rate

摘要

Windfall tax, super profits tax, creeping nationalisation - call it what you will, irregularity in the way in which some African countries arbitrarily change their taxation regimes continues to contribute to deterring foreign direct investment. In late July, the East African nation of Tanzania repeated its strident call on mining companies to begin paying the 30 per cent corporate tax which it introduced five years ago.