Economists say we will most likely see an increase in personal tax and the fuel levy, as government tries to ramp up tax collection.
South Africa's per capita economic growth remains negative, with the economy expected to grow by less than a percent this year, while the population has grown by 1.6 percent.And the recent increase in VAT is failing to close gap. "That means more of their money goes to the taxman rather than spend on the same thing as they could before, so effectively they getting poorer and its as if a magic wand appeared called inflation and helps government but punishes the working class," Schussler says.He says government has raised R12-billion rand doing this.
I see a tax revolt coming if the tax spenders believe the taxpayers are there shortfall pickings !
We are already over taxed and this means the poor will be poorer. 💔😢
ENCA is such a propaganda machine fueled by white monopoly capital. Where is this tax thing trending? In your newsrooms?!!! I am gonna unfollow you!
First: stop the looting. Second: privatize SOEs.
People are already paying more tax,when will we hear about 'expenditure speech'?
The worst. To fund looters ......But there's always a solution to any kind of ills. We thank innovation. Blockchain is the future for all digital transactions..... and I bet, as usual many are not ready ......
Some one must pay for state capture
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