LETTER: Households and individuals should be first in line to receive tax respite
SA cannot become a nation of corporates if it is to achieve sustainable growth and employment
The recently announced percentage point tax cut for corporates should be welcomed. Companies contribute heavily to the exchequer, and tax cuts in general are always healthy for an economy as they leave businesses and households as well as individuals with more disposable income. This feeds into the economy and in turn allows private enterprise to flourish.
That said, if there are to be tax cuts, households and individuals as well as SMMEs should be first in line to receive such respite as they are meant to form the bedrock of an economy. At least that is the case in most advanced and resilient economies...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.