Political pressure may not allow the President to strike a deal!

[Elungata]

[“We see the likelihood of this as low, as this would likely see the end of foreign direct investment into Tanzania from the West for years,” he said.

The $190 billion in unpaid tax charges, interest and penalties claimed by the government, and/or the loss of $1.9 billion worth of assets would reduce RBC’s net asset value from $4.18 per share down to $0/share.

My Take;
Nyumbu wote mnaoshabikia BS za Lissu, mjitafakari.

Wenye akili wote tuliliona hilo toka siku ile sheria ya kipuuzi ya madini ilipopitishwa pale Bungeni. Lakini wajinga wanafurahia.

Ni sawa una vyumba 5 vya kupangisha, umekuwa unapangisha chumba kimoja kwa sh 50,000, faida yako halisi ikiwa sh 10,000 kwa kila moja. Ukivipangisha vyote utapata faida ya sh 50,000. Kwa kuwa una tamaa ya kupata zaidi, unaamua kupangisha kila chumba kwa sh 1,000,000 halafu unaanza kushangilia kuwa sasa utapata faida ya sh 4,800,000 wakati kiuhalisia ni kuwa sasa utapata faida ya sh 0 kwa sababu hutapata mpangaji. Mwenye akili angalao angetoka kwenye faida ya sh 50,000 na kutafuta faida ya sh 70,000.

Nchi nzima imegeuka na kuwa ya wendawazimu. Nchi inataka ipate total tax revenue ya 65% na mwekezaji apate 35% bila ya kuchangia chochote, eti kwa sababu madini yapo kwenye ardhi yetu. Tutasubiria sana, labda mpaka wakati wa ufufuko kumpata mwekezaji wa kukubali hilo. Wenzetu Uganda kwenye mafuta, royalty 5% (sisi 7%), Uganda free caaried shares 0% (sisi 16%), Uganda paid shares 15% (sisi hakuna hata mgodi mmoja tuliponunua), Uganda royalty ni part of production cost (sisi tumebakiza ili nayo ilipiwe corporate tax), Zimbabwe (nchi pekee Duniani inayotoza royalty ya 7%) corporate tax 28% (sisi 30%).

Ujinga wetu ni kuamini kuwa hapa Duniani kuna wanaopata pesa kwa njia rahisi, kwa hiyo sisi tukazane tu kuongea, halafu siku moja tutakuwa matajiri, kila mmoja atateremshiwa Noah kama walivyoshushiwa mana wana wa Israel kule jangwani.[/QUOTE]
mkuu sio vizuri kuamsha alielala,we tulia tujionee hii senema itapoishia

 

[Stroke]

wanaowatetea hao mafisadi tuwatangaze kama maadui wa Taifa.

 

[M-mbabe]

Broda said there is a one-in-ten chance the $190 billion bill would stand as, if it did, it would mean the end of more than just Acacia in Tanzania.
“We see the likelihood of this as low, as this would likely see the end of foreign direct investment into Tanzania from the West for years,” he said.

.

mkuu, umeelewa lakini kilichoandikwa?
hiyo red hapo juu ni dhahama kwenye viunga vyote - kaunzia Chato, Magogoni, Lumumba hadi kwa kaka nkubwa kule Ntwara!

 

[Eric Cartman]

Hakuna political pressure at least in home politics, only the president needs to swallow his pride; tume zake ni za ovyo.

 

[olyanu]

Tupo vitani alafu masnitch yanaside na adui. What do you deserve apart from snipers.

Are you sure of your statement?Which side do those snitches come from if not loumoumber with their ndiyoooooooo applauses?

RBC Capital Markets analyst Tyler Broda says there’s a 10% chance talks will fall apart and Tanzania will insist the US$190 billion tax bill be paid, resulting in nationalisation of three mines and Acacia going bust.

Tanzania and Acacia’s 63%-owner Barrick Gold (US:ABX) started negotiations only at the end of July, months after president John Magufuli brought in the concentrate export ban.

Tanzania put lightning into an already-charged situation (with Acacia workers targeted by government officials) when it announced the company owed billions in tax on what it alleged was years of illegally exported gold and other metals in concentrate.

Acacia’s market capitalisation is now $937 million, its share price around a third of what it was a year ago.

Broda hypothesised several more likely scenarios than the tax demand, although he said political realities for Magufuli could overrule a good deal for the economy.

"Game theory would suggest this mutually beneficial outcome should win out," he said.

"A lack of agreement likely places Tanzania and Acacia in international arbitration and would be a lose-lose outcome … this said, political pressures may not allow the president to strike a deal that provides for the best interests of his country."

Broda put a 75% likelihood of $600 million in tax loss carry forwards being removed, upping Acacia’s tax spend by $175 million compared with RBC estimates.

The new legislation, passed in July, says the government is entitled to a 16% free carried interest in resources projects: Broda says there’s a 75% chance of this being enforced, too.

Also at 75% was the cancellation of VAT refunds, which would result in an 18% increase in Acacia’s cash costs.

One aspect of the government’s mining plan was supported by Acacia even before the new laws.

CEO Brad Gordon has said for months the company would fund a study into building a smelter in Tanzania, although one actually being built is unlikely, according to Broda.

“Owing to the low grade of copper in concentrate and a lack of material, there is a low probability of [a smelter being built] in our view,” he said.

“However, as a risk, we have assumed that Acacia is charged an arbitrary $1 billion to fund a smelter … we handicap this at 25%.”

Because of the conflict, RBC has classed Acacia a ‘speculative risk’.

Broda said there is a one-in-ten chance the $190 billion bill would stand as, if it did, it would mean the end of more than just Acacia in Tanzania.

“We see the likelihood of this as low, as this would likely see the end of foreign direct investment into Tanzania from the West for years,” he said.

The $190 billion in unpaid tax charges, interest and penalties claimed by the government, and/or the loss of $1.9 billion worth of assets would reduce RBC’s net asset value from $4.18 per share down to $0/share.

My Take;
Nyumbu wote mnaoshabikia BS za Lissu, mjitafakari.

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