Q FM Africa's Modern Radio
The Centre for Trade Policy and Development (CTPD) has cautioned the new dawn administration to exercise caution in the redesigning process of mining policy.
CTPD Senior researcher Extractives, Webby Banda says government should diverge from a situation where it implements a taxation regime that is lopsided in favour of mining houses in the name of growing the sector and at the expense of the citizenry garnering maximum benefit from their God-given resources.
Mr Banda has accused mining houses of advancing an agenda to further change the mining fiscal regime including the operating mechanics of the sliding scale mineral royalty claiming this will bring in more investment.
He says one wonders why mining companies are obsessed with further fine-tuning the mineral royalty fiscal instrument when it’s not the only financial instrument that makes up the mining fiscal regime.
Mr Banda states that government should not be hoodwinked in further redesigning the taxation regime to favour mining companies at the expense of domestic revenue mobilization objective.