by Mirriam Chabala on 15 Jun 2019by Mirriam Chabala on 15 Jun 2019by Sipilisiwe Ncube on 14 Jun 2019by Mirriam Chabala on 14 Jun 2019
- Goal Diggers
by Abraham Kalito on 10 Jun 2019by Abraham Kalito on 5 Jun 2019by Abraham Kalito on 21 May 2019by Abraham Kalito on 15 May 2019
by Stuart Lisulo on 14 Jun 2019by Mirriam Chabala on 13 Jun 2019by Sipilisiwe Ncube on 13 Jun 2019by Stuart Lisulo on 13 Jun 2019
by Zondiwe Mbewe on 16 Jun 2019by Zondiwe Mbewe on 14 Jun 2019by Zondiwe Mbewe on 13 Jun 2019by Zondiwe Mbewe on 13 Jun 2019
- Editor's Choice
by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
by Diggers Editor on 15 Jun 2019by Diggers Editor on 13 Jun 2019by Diggers Editor on 12 Jun 2019by Diggers Editor on 11 Jun 2019
by Zondiwe Mbewe on 7 Jun 2019by Mukosha Funga on 30 May 2019by Sipilisiwe Ncube on 23 May 2019by Sampa Kabwela on 18 May 2019
- Guest Diggers
by Chibamba Kanyama on 11 Jun 2019by Chibamba Kanyama on 28 May 2019by Guest Digger on 22 May 2019by Chibamba Kanyama on 21 May 2019
FIC report shows govt condones corruption – CSPRBy Abraham Kalito on 6 Jun 2018
The latest Financial Intelligence Report sends out a wrong signal that the PF government condones abuse of resources and corruption, says the Civil Society for Poverty Reduction (CSPR).
And the CSPR has challenged government to use the Public Finance Management Act (PFMA) to prosecute individuals cited in the latest Financial Intelligence Centre Report.
According to the Financial Intelligence Centre (FIC) 2017 Money Laundering/Terrorist Financing Trends Report, released last Thursday, Zambia incurred losses in 2017 linked to financial crimes such as corruption and tax evasion, among others, amounting to a record-breaking K4.5 billion.
Data availed in the comprehensive report reveals that among the financial crimes committed last year, tax evasion cases ranked the highest, with an estimated loss of K3.9 billion incurred.
Corruption, especially in public procurement, was second with estimated losses amounting to around K500 million, while money laundering and fraud were found in third and fourth place, with losses amounting to K90.5 million and K3.5 million, respectively.
In an interview with News Diggers! Monday, CSPR executive director Patrick Nshindano, said the revelations laid out in the report showed that the government condoned abuse of resources and corruption.
“Most of the time, we do hear on the part of government that they do take action, but they don’t just announce it. It’s not enough if we are going to fight these tax evasions but also corruption, we need to make this fight a public one so that the authorities are seen to be taking action, and those are found erring are able to deter those who would want to engage into these vices. But also, what is very unfortunate is that as much as this report does not cite individuals like me, there is also a very strong correlation that comes out from politically-aligned individuals in these cases. And on moral grounds, we hope that, especially the Head of State, will take action once they identify that these culprits are in government. It sends a very wrong signal, but it also demonstrates that government codons such acts. We hope to see that all those who have been mentioned are investigated accordingly,” Nshindano said.
And Nshindano asked government to use the Public Finance Management Act (PFMA) to prosecute individuals cited in the FIC Report said to have evaded tax or abused public resources
“Government recently enacted the Public Finance Management Act, which basically stipulates that there should be punitive measures on any public officer found wanting. And we hope that with this law will start seeing more officers mentioned in this report prosecuted. And we also hope that there will be a very strong political backing especially from the Head of State; there are some cases which can be clearly prosecuted. The Financial Intelligent Centre, we noted the key issue there of tax evasion. And tax evasion by law, clearly, it is a crime. It is not like corruption where you have to prove and investigate, but for tax evasion, it is very clear that once you have been cited, they should be penalized under the Finance Act in terms of penalties and failure to remit the tax. But beyond that, there are guidelines, which were set in terms of how much we should be able to be penalized if there is a prison sentence. It’s about time that we start making the sentences public,” Nshindano added.
“We have always indicated that there is need for enhance public financial management. Especially now where we have very tight fiscal space in our national budget. If you look at our national budget, currently, over 78 per cent is going towards emoluments and interest repayment in terms of our debts and we only have about 22 per cent to be able to spend on the economy and social sectors. It becomes imperative that every penny that we generate as a country is used prudently. And, therefore, when reports such as the one from the Financial Intelligent Centre (FIC) are availed and made public, the necessary action should be taken to ensure that those people mentioned are prosecuted.”
Nshindano asked government to invest in key ministries mandated to fight vices such as tax evasion in a bid to enhance tax efficiency.
“The highest chunk of the FIC report has to do with tax evasion. This is something that government needs to move in very quickly, and government had been swift in saying that they need to enhance domestic resource mobilization. But they are still not addressing the issue of tax administration. They need to close the loophole that we have in our system to ensure that they have tax efficiency; this is one area evidenced that there is tax evasion. The other component is tax avoidance. All these are areas which government should address if they are to enhance tax efficiency. And it is only important that government invest resources in ministries such the ministry of finance to ensure that they are able to fight such issues,” said Nshindano.Related Items
- Shut up Katele, you escaped corruption charges, went to hide in a laptop - Kambwili
- Go ahead, close FIC and steal in peace...
- UNZALARU rejects plan to confer Lungu with good governance Doctorate
- PF eager to grab Katuba, as UPND vows to retain seat
- Govt gangs up against FIC boss, as Kasolo declares Chirwa unprofessional
- Sampa’s ex-wife wants court to compel LCC to pay her K7,000 out of his earnings
- PF eager to grab Katuba, as UPND vows to retain seat
- Only criminals would want FIC’s report concealed – CSOs
- Go ahead, close FIC and steal in peace…
- PF Chifubu MP clobbers wife, but says “we never fought, she just had high BP”
Subscribe for email alerts
ArchivesJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend