Nationwide protests planned against ‘illegal’ 2% tax in Zimbabwe

According to a NewsDay report, this came about after the country’s finance minister Mthuli Ncube announced a 2% tax on electronic money transfers last week, in a bid to raise money for the cash-strapped government.Ncube, however, reviewed the tax on Friday, exempting transactions below $10 and capping the tax at $10 000.

But the labour federation maintained that it was going ahead with the planned protests, as the tax was  deemed”illegal”.

“Nothing has changed… In fact, the changes simply show that the finance minister was attempting to favour the rich and ignore the poor,” ZCTU president Peter Mutasa was quoted as saying.

The tax was supported by President Emmerson Mnangagwa, who said in a post on Twitter that this was “the only way to a stronger economy”.

The tax announcement triggered price hikes and shortages of fuel and some basics like cooking oil over the weekend.


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