Impact of Tax Avoidance on the Financial Performance of Artisanal and Small-scale Mining Businesses in Midlands Province of Zimbabwe

Abstract

The main purpose of the study is to examine the impact of tax avoidance on the financial performance of Artisanal and Small-Scale Miners (ASMs) in midlands province of Zimbabwe. Artisanal and Small-scale Miners are engaged in various ways of avoiding taxes. The majority of Artisanal and Small-Scale Miners employ agencies to provide them with expert advices to avoid tax burden available to them. The reason being to attain super normal profits. A sample on size of 390 Artisanal and small-scale miners from eight major mining districts of the midlands province of Zimbabwe participated in this study. Stratified random sampling was adopted to select respondents for interviews. The population of the study comprised 9409 registered Artisanal and small-scale miners at the provincial offices of the ministry of mines and mining development in midlands province of Zimbabwe data for this study was analyzed using Pearson, spearman and multivariate regression.