LETTER: Tito Mboweni should use only one tax: VAT
There are no loopholes and it requires far less administration to collect and police
24 February 2020 - 19:14
Finance minister Tito Mboweni should scrap all personal taxes — income tax, capital gains tax, everything — and use VAT to balance the books every year. The rate(s) of VAT can be adjusted as frequently as he likes, even quarterly, to keep the books balanced.
To deal with inequality and necessity, food and other essentials (including certain services) should be zero-rated for the population at large, but Mboweni can tax the hell out of luxury (and imported) goods...
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