Pacific Cigarette Company placed under business rescue after receiving US$19m tax bill from ZIMRA

BUSINESS REPORTER Pacific Cigarette Company (PCC) has been placed under receivership  after the High Court   approved the company’s  application  for a  voluntary business rescue placement. The  action was taken in response  to a tax bill  from ZIMRA,  the country’s tax collector, totaling  more than US$19m and ZWL$79 845954.36.   As a result, Reuben Mukavhi of…