• Companies

    Swiss firm ABB to pay Zimra US$7 million for evading tax

    THE US$13,4 million tax evasion dispute between Switzerland-headquartered power and automation technology company, ABB, and the Zimbabwe Revenue Authority (Zimra) has been settled, three years after it spilled into the courts. High Court judge Justice Vernanda Ziyambi on August 20 slashed the tax avoidance amount to US$6,3 million — from US$13,4 million — and also slapped ABB with a 10%…

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