Dar faces legal suit at international tribunals over tax, investment policies

A section of the Dar es Salaam skyline. Tanzania faces legal suit at international tribunals over tax, investment policies. PHOTO | REUTERS

Tanzania risks a legal suit at international tribunals over its recent investment and tax policies, which parties to Bilateral Investment Treaty (BIT) deem to be anti-business.

Tanzania is among signatories to the BIT with developed countries which offers companies special protection through a dispute settlement mechanism that allows them to sue for compensation when new regulations or policies threaten their profits.