This paper is about understanding the cycle of global copper price booms and busts over Zambia's economic history. We … explore how the mining industry has been managed, and wider economic management during boom periods. We find that successive … subsidies and sustaining inefficient state-owned companies. In recent times, Zambia has accumulated worryingly high levels of …

In 2008, the Government of Zambia reformed its mining tax regime for large-scale copper mines through a unilateral … the mining tax regimes since independence and calculate effective tax rates and the fiscal sharing between government and … companies. Empirical evidence shows the 2008 mining tax regime as being both understandable and justifiable from an economic …