ZAMBIA Revenue Authority (ZRA) Commissioner General Dingani Banda has disclosed that the Authority concluded 542 cases of suspected illicit financial flows (IFFs) and collected K39 million since 2022. While this is commendable and encouraging from ZRA, the fact that tax evasion is so rampant in our country is unsettling. What ZRA has achieved is encouraging because it demonstrates that when institutions act, revenue can be recovered. But it is unsettling because the figure barely scratches the surface of the scale of revenue Zambia is losing through tax evasion, illegal mining, profit shifting and the abuse of shell companies. As we continue to struggle with debt, high social needs and constrained fiscal space, these losses are simply unacceptable. Illicit financial flows...




