Dar es Salaam, Feb. 27 -- DAR ES SALAAM: The Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has advised the government to attract new investments to boost the countrys revenues.

Speaking at the 2024 Tax and Investment Forum held in Dar es Salaam on Tuesday, Mr. Maganga pointed out that the tendency to concentrate on the same areas of investment and introduce many taxes leads to complaints and hinders business growth.

“One tax philosophy suggests that you cannot tax poverty. No matter how motivated people are, if they have no income, they cannot pay taxes. It is crucial to attract new investments to the country as a sustainable way to increase tax revenues,” Mr. Maganga emphasized....