Wealth Tax
latest news & developments
Unequal society burdens South Africa’s tax system, says Sars head
Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance
AI must serve labour, not subjugate it, G20 labour group says
Labour federations said the digital economy could lead to further marginalisation of workers and called for platform accountability and job protection
EFF pushes its alternative budget, demands reform
The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase
Implement a seven-year 2.5% tax on R25m net worth individuals
This would go a long way towards addressing historical injustices and shaping a better future for South Africans
A BIG deal: Universal income support could resuscitate South Africa’s economy — report
A basic income grant could add 0.5% to GDP growth by 2025, according to a report commissioned by the National Economic Development and Labour Council.
Violence sparks new calls for basic income grant
Analysts agree that economic relief for the poor is needed but are split on whether a grant should be permanent and whether it is affordable
Never-before-seen IRS files reveal how the wealthiest avoid tax
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…
The numbers don’t lie: Tito Mboweni must focus on the long game, experts say
Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech
Covid-19 economic crisis will be felt by the poor for a decade, report finds
The pandemic’s economic fallout will affect the world’s poor for years, while the richest billionaires increase their wealth, an Oxfam report notes
Competition for campaign contributions results in the rich paying too little tax
In response to “No-one should be as rich as Elon Musk”, Mail & Guardian 20 January
The inefficiency of the Gini coefficient
To simplify complex inequality into a single statistic doesn’t address how to accurately assess (or reduce) South Africa’s large wealth divide
Wealth taxes and loosening monetary policy is playing with fire
A response to the article ‘Tax the superrich and raise inflation to cut state debt, inequality and poverty’ in the M&G on 10 November
Is a wealth tax the answer?
More wealth taxes may soon be a reality for east African countries in the wake of Covid-19
Tax the super rich and raise inflation to cut state debt, inequality and poverty
The richest 10% of South Africans own over 85% of all private wealth and a once-off 25% tax would reduce government debt by more than half. Imagine what a five-year wealth tax…
South Africa must flatten the inequality curve
We cannot return to the pre-coronavirus crisis of unemployment, inequality and poverty. There is a moral incentive for the rich to give up some of their wealth and for the…