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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...
Conversation with Özlem Onaran From the start, the neoliberal project in Europe was marked by a striking pro-capital redistribution of income, wealth and power. This seemed to be a good solution to overcome the profitability crisis, but it sowed the seeds of another...
'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...
The following two Readers are a summarization of the key messages found in Global Health Watch 3, PHM’s alternative flagship publication that analyzes the current world health situation. 1. Our collective destiny is not in our hands. It is in the hands of a handful of...
The indebtedness of America and most European countries is not only dynamite to the international monetary system, but also to the cohesion of Europe and even to the cohesion of individual nation states. The large public debt crisis directly threatens our currency,...
Zero corporate tax rates and expensive incentives are not worth the investments they attract, writes Roman Grynberg. The freeing up of international trade and the increased mobility of investment have resulted in what tax analysts frequently call a “race to the...
How is it possible for Finance Minister Pravin Gordhan to roll out a huge infrastructure programme requiring billions of rand and to slash the budget deficit (the proportion of government spending to GDP) from ––4.6% to –3% over three years without increasing taxes?...
The economic storm triggered by the 2008 financial crash in the USA and Europe led to the loss of more than one million jobs in South Africa. Today we know that the crisis never really abated.How could it? Claims for hefty profits, wheedled through strange and complex...