It is common cause that slow economic growth depresses growth in tax revenues. What is not widely recognised is the influence of tax rates and taxation on economic growth.
The burden of taxation on the South African economy — measured by the ratio of taxes collected to GDP — has been rising as GDP growth has slowed. This has added to the forces that slow growth in incomes and taxes.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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