May 10, 2013 at 13:47 PM EDT
Resource Nationalism in Zambia Coming to a Head Soon
In a move that may prove a forerunner for other resource-rich economies, Zambia’s Finance Ministry on May 6th announced new measures aimed at curbing tax avoidance by foreign investors. The country estimates that it loses around US$2bn each year to the problem, a sum equivalent to over 10% of its $19.2bn GDP in 2011. Under [...]
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