FORMER Kasenengwa MP Sensio Banda says the deliberate reduction of FQM’s tax obligations by 98 percent amounts to economic and financial crime. Banda says the action is not simply a case of tax avoidance but a blatant theft against the impoverished Zambians. In a statement, Saturday, Banda said Thiery Charles, a whistleblower, had brought to light the alarming fact that FQM’s tax obligation was reduced from an estimated $1 billion to $23 million. “In recent news, the exposure of the grand tax scandal involving the Zambia Revenue Authority (ZRA) and First Quantum Minerals (FQM) has sent shockwaves through the country. Thiery Charles, a whistleblower, brought to light the alarming fact that FQM’s tax obligation was reduced from an estimated 1...