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Tanzania govt issues $190 billion tax bill to mining company
short by Krishna Veera Vanamali / on Tuesday, 25 July, 2017
Tanzania government sent gold producer Acacia Mining a $40 billion tax bill and another $150 billion in interest and penalties. The bill is equal to almost two centuries worth of the company's revenue. The government alleged the company under-declared export revenues between 2000 and 2017. The company's disagreements with authorities has resulted in 57% decline in its stock this year.
read more at Bloomberg