![]() Katse Dam, the main dam constructed under the Lesotho Highlands Water Project. ![]() Kieran Holmes at the base of the dam during the construction period. |
I managed two projects for DFID in the period 1991 to 1997. A key aspect of the Lesotho tax reform was bringing the large international construction consortia operating on the Lesotho Highlands Water Project into the charge to taxation, something that was widely resisted at the time. The success of the tax reform was demonstrated by a sustained increase in income tax receipts of 2,000% during the six-year period, even at a time when tax rates were cut from 53% to 35% in the same period. |