Tito Mboweni says income and corporate tax unlikely to rise
Treasury is discussing the possibility of an inheritance tax and limited 'solidarity tax' in a bid to raise additional finances, say insiders
29 June 2020 - 20:26
Finance minister Tito Mboweni told selected clients of two of the country’s biggest banks that the National Treasury had no plans to boost income, corporate or value added taxes (VAT) even as the coronavirus decimates the country's finances.
The Treasury is discussing the possibility of an inheritance tax and a so-called solidarity tax in a bid to raise additional finances, two people who listened to the calls with hundreds of clients of Standard Bank and Absa said. They asked not to be identified because the calls were private...
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