Acacia’s $190 billion Tanzania tax bill sends shockwaves through mining sector

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Acacia’s $190 billion Tanzania tax bill sends shockwaves through mining sector

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In a situation that could not get much worse for Tanzania’s biggest mining company, Acacia Mining has been handed a tax bill for $190 billion in alleged unpaid taxes and penalties by the government – an amount larger than the combined tax payments of the top five global gold miners since 2000.

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