International banks and audit firms were used by a company involved in an “aggressive profit shifting” trade-based money laundering (TBML) scheme to understate its taxable income and tax liability due to the Zambian government by over US$700 million according to… Read More ›
A mineral tracking system employing a data evaluation tool designed by the United Nations Conference on Trade and Development (UNCTAD) and the Zambian Revenue Authority (ZRA) helped Zambia recover an additional US$1 million in export dues from mining companies in… Read More ›
In a case brought by the Zambia Revenue Authority (ZRA), the Supreme Court of Zambia has fined Glencore subsidiary Mopani Copper Mines US$13 million for violating the country’s Arm’s Length Standards (ALS). After examining a ZRA audit of Mopani’s 2006-09… Read More ›