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What the 284 reforms mean for global capital

Picture of Amne Suedi

Amne Suedi

On March 18, President Samia Suluhu Hassan received a report at State House that had been 35 years in the marketing. The Presidential Commission on Tax Reforms handed over 284 recommendations to overhaul Tanzania’s tax system – the first structural review since the Mtei Commission of 1989 to 1991.

Seven days earlier, Finance Minister Khamis Mussa Omar had presented a budget of Sh62.3 trillion in which foreign aid would finance just 0.9 percent of total spending.

Read separately, these are tax reforms and a budget. Read together, they are a sovereign statement : Tanzania is done asking permission to develop.

What the 284 reforms mean for global capital | The Citizen

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