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This doesn't look good.

HARARE - A desperate Zimbabwe government, hard-pressed for cash, has raided the Zimbabwe Stock Exchange (ZSE) demanding Value Added Tax (VAT) on all brokerage incomes received on the bourse since 2004, a move that analysts say gives a graphic illustration of the Mugabe administration’s "policy deficiencies." The intelligence-led swoop on the ZSE, accused by government of failing to remit VAT for two years, was expected to raise a Z$15 trillion windfall for government.

I'm selling my Zimbabwean stocks immediately.

Posted by edelfenbein at May 31, 2006 11:35 PM