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Govt Misses Revenue Targets As Economy Implodes

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THE economy is reeling in doldrums with the latest Zimbabwe Revenue Authority 's, first quarter of 2016 figures showing company tax revenue contributions to the fiscus plunge 26,59% to US$52,5 million down from US$ 71,6 million collected same period last year- an indication of a contracting economy. Zimra's net revenue collections for the first quarter of 2016 at US$ 724,8 million were 15,9 % down the US$861,83 target. ......

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