The EFF criticises it as ‘unimaginative’ and not benefiting poorer South Africans, while the DA calls it a step towards ending ‘unchecked government spending’
Budget choices must empower the poor and end socio-economic exclusion
The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation
And the South African Revenue Service will benefit from higher levels of compliance by taxpayers
The NHI Act says funding healthcare for all should come from tax but economic growth is in a vice and many people are without jobs
Tax bracket over-inflation has led to income inequality and less money for essential services
Concerns are growing about a prospective tax increase that would put more burden on the nation’s economy, which was already in deficit at the start of the fiscal year. “Fundamentally, South Africa has a deficit because we spend more than we earn. And there is only one way to earn more. A country earns money […]
The rand depreciated after the postponement of the budget speech to 12 March
Comprehensive reforms are required, including dismantling the neoliberal economic framework
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
The South African Revenue Service has turned to salaried workers and professionals to buoy revenue collection but is also targeting multinationals posting profits abroad
A senior treasury official told MPs the intention was not to close the widening deficit through higher personal income taxes
Money is needed from corporations and the ultra-rich to reduce poverty and inequality, empower women, transform food systems and overhaul energy systems
The South African Canegrowers Association says the sugar industry is in crisis after Tongaat Hulett was put under business rescue
Dr Navind Dayanand has been charged with R142-million personal income tax and VAT fraud and PAYE credit fraud with the potential prejudice of R637-million to Sars
A concerned Zimbabwean proposes a charter that is based on a simple ideology of the redistribution of unjust money, wealth and power
But restructuring the Road Accident Fund levy would reduce pressure on consumers
Petrol industry association warns of steep fuel hikes unless government extends levy reprieve
Public health experts disagree with the vaping industry’s argument that imposing a sin tax will lead to a similar path of Aids denialism
It’s not sustainable for every employed person to support three others, analysts say
In proposing this tax, the treasury is relying on one-sided research that shows criminal disdain for the health of smokers
There are numerous means by which errant taxpayers can start the new year on a clean slate
The court held that sections of the law providing for absolute taxpayer secrecy posed an unconstitutional limitation on the right to information and gave parliament two years to correct this
Households are reeling after the fuel price hike, as electricity is set to go up by 15.06% in 2022
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing
The Covid-19 pandemic created wealth for some, including internet entrepreneurs, and poverty for many
But the South African Revenue Service doesn’t yet have the skills and multiple users to adopt it
Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%
Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech
The levy has generated R5.4-billion in revenue since its inception two years ago, and an increase will help the fight against Covid-19
In response to “No-one should be as rich as Elon Musk”, Mail & Guardian 20 January
Such campaigns can draw attention to the widespread presence of the very behaviour they are trying to stamp out — and subconsciously encourage people to view it as appropriate