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A sweetener, not a blank cheque
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1 Articles
A sweetener, not a blank cheque
Good afternoon. Mozambique's government is pressing the Tax Authority to collect every metical it can. It is rolling over Treasury bonds it cannot readily repay, and leaning on donors to pay for basic services. Yet it keeps granting tax benefits whose recipients are secret and whose benefits have never properly been tested. A new study by the Centre for Public Integrity (CIP) puts the accumulated revenue at MZN355bn ($5.5bn) between 2009 and 202…
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