Chinotimba wants 5% export incentive to be scrapped off, questions where the money will be coming from

Posted by Maveriq

Joseph Chinotimba the Buhera South MP has urged the government to scrap off the 5 percent export incentive on bond notes.  The MP questioned where the money was coming from and felt that the 5 percent would place an undue burden on the treasury.

Debating in Parliament, Chinotimba said:

We need to ask honourable Chinamasa how it is possible for someone who is penniless to be given a 5% incentive after exporting.

What is the reason for that?  It is supposed to be one dollar to one dollar.  If one is owed a dollar, they should be given that dollar.

This issue of a 5% incentive is not what we want, this should be scrapped.  Where are you getting that money? Excuse me, where is the money coming from?  We are saying, those who would have exported should just be given the amount of money equivalent to the value of their exports.

More: New Zimbabwe

Previous

Long queues outside banks as people try to withdraw money for Christmas

Next

[Video] White farmers waiting for compensation for seized land

Leave a Reply

Your email address will not be published.