Zambia is actually one of the more stable countries to invest in Africa, along with Botswana and Ghana. Yes I'll happily invest there. The risks are mitigated by lower costs and greater returns, that's the incentive.
The article points out what happens when governments arbitrarily make money grab decisions. The investment dries up and goes elsewhere. When the boom turn to bust the country ends up worse off.
Any tax where the government takes substantially more than the enterprise taking the risks seems morally reprehensible to me. As an Australian shareholder they are effectively telling me they deserve it more than I do. I don't agree.
This tax is fool hardy in the extreme, I just can't fathom the stupidity.
