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Speculation is rife in anticipation of next week's budget speech. Will Finance Minister Pravin Gordhan announce tax increases? Might the tax rate for personal income above R617 000 increase to 42 percent? Might it even return to 45 percent for the portion of income...
Revenue from personal income tax is part of how governments are able to fund the type of society they imagine. In the case of South Africa, the government presents a vision of a more equal society, striving to lessen inequality and right the wrongs of the past. For...
'There is no money!' This is the standard response to the demands with which the government continues to be bombarded by people whose basic needs have still not been met after nearly 20 years of post-apartheid rule. People in South Africa are angry and impatient in...
Abandon tax pegging! Tax according to ability to pay! The development of Personal Income Tax in SA since 1994 and the "25% TAX revenue to GDP" rule 23rd October 2012, Alternative Information & Development Centre By Dick Forslund {phocadownload...
Tax is a most personal matter. It seems that the more rich one is the greater is the resentment about 'my' hard-earned income being taken from 'me' to pay for 'them'. For the majority, on the other hand, tax is indirectly experienced in the increasing poverty of the...
By Dick ForslundThe City of Cape Town is proudly proclaimed in travel brochures as the Mother City – a place of great historical importance, the mother which welcomed a free Nelson Mandela. There is tarnish on this hallowed image – that of a city nibbling away at the...