SHOULD PRESIDENT HH STOP PAYING TAX, ZAMBIA WOULD COLLAPSE!!!
MOST OF THE GOVERNMENT OFFICIALS HAVE OFFSHORE ACCOUNTS –
Prominent Economist Chibamba Kanyama has revealed that there
about 9,000 Zambians holding offshore accounts.
Mr Kanyama who is also a former official of the International
Monetary Fund disclosed that the majority of these Zambians are
serving in government.
He said he knows this for a fact because he personally
introduced some of these Zambians to investment companies that
specializes in offshore accounts.
Mr. Kanyama said the country already has companies such as
deVere that handle offshore accounts.
“We have about 9000 Zambians with offshore accounts.
Apparently, the majority are serving in government. I know this
for a fact because I introduced them to some of the investment
companies specializing in offshore accounts,” Mr Kanyama wrote
Mr Kanyama said he is horribly shocked at the noise that some
people have created about offshore accounts when it’s the
“We have tax allowances also to many foreign companies since
1994. After expiration, they closed and came with another name.
You can invest offshore, earn your income, bring it back and
reinvest in property,” he said.
He added, “I dealt with Mombasa Port Authority who once
invested workers pension funds in Zambia and the Kenyans never
He said, “Taxes are a competitive platform globally. Mauritius
is way ahead of Zambia due to these tax havens. We have many
Zambian companies registered in Mauritius for this very reason.
I am helping a Zambian owned company register in Mauritius. The
very reason we have export processing zones is to attract
foreign investors to manufacture here and never pay duty so
long what they produce is for export.
He continued, “we flock to order things from Dubai by taking
advantage of tax havens the country offers.”
Mr Kanyama noted that the only issue about tax havens is that
many government crooks use it to steal money from citizens and
hide the funds in these anonymous accounts, some of the
beneficiaries are middlemen.