Plan to introduce worldwide income tax not good move for Malawi’s economy, its fiscal credibility or its relationship with the diaspora—Economic analyst Thomas Ngoma
* As Malawians in the diaspora will be required to pay tax back home on income earned anywhere in the world * Nothing in the current evidence suggests it would raise meaningful revenue, and everything suggests it would damage remittances, investment flows, and trust — at a time when Malawi desperately needs all three * Malawi’s fiscal problem is not a lack of taxes — it is inefficiency, leakage, and expensive domestic borrowing By Duncan Mlanjira Minister of Finance,…
