WAR ON TAXES
Demand for fuel levy cut is just politicking, say economists
Opposition political parties and civil society organisations who are calling for a cut to the fuel levy are just politicking, as this will leave a hole in the fiscus, economists said on Tuesday. The head of Econometrix, Azar Jammine, said the hole could be about R20bn, the equivalent of 1% of VAT. The Freedom Movement, which includes the DA, the Freedom Front Plus and the Organisation for Undoing Tax Abuse (Outa), protested in front of the National Treasury in Pretoria on Tuesday, calling for a R1 decrease in the fuel levy and the Road Accident Fund levy. The fuel price recently hit record highs, when the inland price of petrol went over R16 a litre. The Freedom Movement also called for an urgent debate in Parliament on the structure of the Road Accident Fund as well as the fuel levy. It also called for the Road Accident Fund to be placed under independent administration to eradicate corruption. The ANC has also raised its concern about the fuel price. Jammine said the money had to ...
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