Uneven playing field: How tax rates drive Tanzania’s gold smuggling
Tanzanian miner Assia Hussein, who chairs an only-women miners association, holds pure gold nuggets at a gold market in Geita, Tanzania, on May 28, 2022. — PHOTO | AFP via GETTY IMAGES
Dar es Salaam. Tax inconsistencies between Tanzania and its neighbours are cited as some of the factors creating an uneven playing field that incentivises gold smuggling, experts and stakeholders have revealed.
Despite the government’s efforts to regulate the gold trade, significant volumes of Tanzania’s gold bypass formal markets, draining the country’s wealth and undermining economic development.
