Maya Forstater

It either looks like a tax shake down that’s gone public or perhaps it’s a deliberate crucifixion as a warning to others... Not good for investment and trade. Now to see what it settles for.

I don't understand how you can "settle" after announcing such numbers. If there's a BIT invoked it looks an awful lot like expropriation.

Seems the number is based it being smuggling. Penalty is 3 x duty paid value. FQM say total value of imports in question =$540m so +25%, X 3= $2.1bn + compound interest.. . But the whole total depends on there being criminal smuggling... If not how to row back in public though?

Hmmmmmmm- what is “a tax shakedown”?? Why can’t they just pay there taxes- bad for business and investment?? When they are stealing from us- the people of Zambia. I don’t hear anything about ethical business conduct here

The question about whether they owe additional tax relates to an amount up to $150mn. $7.8 bn is penalties & interest. So we can ask is that proportionate? Certainly it seems worth knowing that ZRA have not assessed tax underpayment anything close to $8bn

Worth noting and a great achievement on their part!!! I understand it’s penalties and interests over a five year period. Do we want to understand how it’s being arrived at yes- but lets engage that more, rather than just saying a blanket bad for business blah blah blah

The interest & penalties are totally dwarving the tax and cannot be collected even if Zambia took ownership of the mine. I can't see that this incredible huge number should be in the public domain.

Why not?? And who are the “privileged” few that should have this information?