High earners’ exodus may limit room for tax hikes
More than 20% of R2.6m-plus houses on the market belong to would-be emigrants, with Grenada a popular destination
21 February 2021 - 16:50
SA’s loss of skilled and high earners could limit room to raise income taxes as the Treasury seeks to plug a budget shortfall that is above wartime levels.
A fourth-quarter estate agent survey by FirstRand’s First National Bank shows more than a fifth of all houses valued at R2.6m, or more that were put on the market by the end of 2020 was because people planned to move abroad...
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