Can Zimbabwe Revenue Authority (ZIMRA) Stimulate Investment in Zimbabwe?

Abstract

The authors seek to investigate Zimbabwe Revenue Authority (ZIMRA) if it can stimulate investment in Zimbabwe. The conclusion is that ZIMRA cannot stimulate investment without undergone major reform. Currently ZIMRA is unable to stimulate investment. There is a link on one side lower taxes and on the other side high savings and high investment rates. There is a need for ZIMRA to carry out reforms including stamping out corruption. The Central Bank of Zimbabwe should compensate depositors who lost money in their account in order to restore confidence in the banking sector.