Jakaya Kikwete Quote

What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to the next and to the next. And because of that they would pay no taxes. So this fellow takes all the gold away and he says he makes losses and so he does not pay us anything. So he is the only one that is being protected. Those of us who are losing our resources are not protected. This is the thing that created the kind of debate that we had and we had to renegotiate.

On Tanzania's mining sector. - Interviews - Interview with Financial Times, 2007-10-04

What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to ...

What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to ...

What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to ...

What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to ...