Home LOCAL NEWS Mthuli’s Transaction Tax Is Actually Illegal

Mthuli’s Transaction Tax Is Actually Illegal

Mthuli’s Transaction Tax Is Actually Illegal

The new transaction tax is actually illegal, the MDC party argues. The party presents the below analysis detailing several failures by Finance Minister Mthuli Ncube. FULL TEXT:

The Minister of Finance, Mthuli Ncube gazzeted his predatory tax regime through a statutory instrument while purporting to repeal section 22G of the Finance Act.

The new tax regime is totalitarian, draconian and fascist.

The so called statute is unconstitutional in two ways. Firstly Parliament’s primary law making power cannot be delegated and secondly a statutory instrument cannot repeal an act of parliament neither can it be in opposition of an enabling act.

Fundamentally, the creation of a robber state which pick pockets the poor is an evil of the highest order.

Forcing the suffering masses living in abject poverty to fund lives of the political elites who are the sole reason of economic decay is unbelievable.

It is also the opposite of the interventions required, taxing the citizens to death in a recession is digging the economy deeper into an abyss.

We therefore demand the following:

1. That Mthuli resigns forthwith for causing economic chaos.

2. The new taxes must be reversed unconditionally.

3. Supply side solutions be employed – that is the sane way to expand fiscal leg room.

4. National dialogue be initiated in line with President Chamisa’s 5 point plan.

5. An Emergency Economic Recovery program must be adopted and stop the unpalatable suffering of the Zimbabwean people.

MDC: Change that Delivers!

Jacob Mafume
MDC National Spokesperson

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