60% Tax On Fuel!
The Manica Post is published in the mountainous Eastern Province of Zimbabwe by the government. Itt is one of the major papers in Zimbabwe This is just disgusting. Tendai Biti, the MDC-T minister of finance in this Zimbabwean Inclusive Impediment to People's Hopes, charges 60% tax on all imports of fuels and motor oils into the country. As you know from my previous articles on this blog, fuel costs have risen so much in Zimbabwe over the last couple of months that they are having an impact on inflation, as prices of goods and services rise in order to chase transportation costs. What this means is that 60% of what a Zimbabwean pays at the pump when they fill up their car goes directly to Tendai Biti, since fuel companies simply adjust their prices so that the buyer pays that tax cost in the end. While this is going on, you have the same MDC-T, through its Minister of Energy, telling the fuel companies what to charge (fixing prices, a la ZANU PF) and threatening them with all manner...