Dating in plumtree
Chinamasa admitted that government had ignored the rot in parastatals while politicians were fighting for control during the era of the inclusive government, which ended in 2013.“The inclusive government was dysfunctional,” he told the Financial Gazette.Gloria Magombo, CEO of the Zimbabwe Energy Regulatory Authority had 61 percent of her US 403 earnings coming as benefits; while former Public Service Medical Aid Society CEO Cuthbert Dube earned 57 percent of his US5 499 monthly income through benefits, and the Zimbabwe Broadcasting Corporation’s Happison Muchechetere received 60 percent of his earnings as benefits.Others who had very high percentages of the benefits include heads of Agricultural and Rural Development Authority at 89 percent; National Handling Services at 88 percent, Zimbabwe Parks and Wildlife Management Authority at 82 and Zimstats at 74.First of all thanks a lot for asking me to Chair and also doing session on Authentic Leadership.I really enjoyed both days and I am very impressed with the whole event.“We will only be able to tell how much in term of taxes was not paid after completing the audits,” Chinamasa said.
“According to Section 8 of the Income Tax Act, any benefit that accrues to a manager is taxable,” he told the Financial Gazette.
According to Murerwa, penalties for tax evasion are pegged at 130 percent of the outstanding amount.
However, a labour and tax law expert who spoke on condition of anonymity, said it was important to determine for sure if what was taking place was tax evasion or tax avoidance.
Most of the State enterprises, parastatals and local authorities are saddled with debts accrued from outstanding salaries.
In the past State enterprises and parastatals used to have a combined contribution of 42 percent of Gross Domestic Product.