Economy

News Leader

WATCH: Increases in excise taxes will lead to billions lost

Economist Azar Jammine is calling on the SA Revenue Service to rethink sin taxes

25 January 2019 - 17:27 Business Day TV
Picture: SABMILLER
Picture: SABMILLER

Despite the ever-rising sin taxes on cigarettes, the taxman is netting a shrinking tax take. And it's not because people are smoking less — on the contrary, they are smoking more. It is because they buying cigarettes in the illegal market.

Economist Dr Azar Jammine is calling for the taxman to take a new route.

Economist Dr Azar Jammine, is calling on the SA Revenue Service to take a new route on sin taxes.

Tax growth below GDP growth for the first time since financial crisis, says Sars

Another report shows that SA loses about R7bn annually due to profit shifting by multinational corporations
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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.