Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
In my neck of the woods, since the July riots there has been a huge surge in emigration of young families, invariably high-skilled and high-earning.
I am interested to learn whether this trend is to be found countrywide, and if so what effect it will have on the personal income tax intake, especially as our tax base is so narrow.
Increasing tax rates might not increase overall tax revenue at all.
Ian Ferguson Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Tax hikes may turn out to be futile
Revenue may be the same because of emigration
Claire Bisseker’s latest column refers (“Tax hikes on the cards if government cave in on Covid-19 grant”, January 25).
In my neck of the woods, since the July riots there has been a huge surge in emigration of young families, invariably high-skilled and high-earning.
I am interested to learn whether this trend is to be found countrywide, and if so what effect it will have on the personal income tax intake, especially as our tax base is so narrow.
Increasing tax rates might not increase overall tax revenue at all.
Ian Ferguson
Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
World Bank loan rewards SA for reform ‘breakthrough’
Fitch hikes SA’s outlook from negative to stable
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.
Most Read
Related Articles
LETTER: Higher tax for the super-rich does not have to stifle growth
LETTER: Tax flows from the super-rich
LETTER: Super-rich offset high taxes with campaign contributions
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.