wealth tax

Andrew Kathindi The solidarity wealth tax which was proposed over two years ago by then Finance Minister Calle Schlettwein has been dropped due to lack of support, the Agriculture, Water and Land Minister has revealed. In its place, a “proper” wealth tax was proposed before his change in portfolio; however that too was met with opposition and has since been put on the back burner due to COVID-19. Finance Ministry spokesperson Tonateni Shidhudhu said the wealth tax has been set aside to focus on other options. “The Wealth Tax and the Solidarity Tax were just ideas to augment the revenue…