Foreign firms hit by tax demands rethink Tanzanian expansion

Tanzanian President John Magufuli. Some of Tanzania's biggest foreign investors say they could scale back their operations or expansion plans because of tougher demands placed on companies, ...

including higher tax bills, as part of the president's drive to overhaul the economy. PHOTO | AFP 

By REUTERS

In Summary

• President launched crackdown on tax evasion, corruption
• Companies say unreasonable demands hurting business
• Government says shake-up will create fairer economy
• Economic growth has picked up, but from a low base