Emigration threatens SA tax system, says Standard Bank
Bank says public finances rely disproportionately on a few hundred thousand individuals who contribute the bulk of the tax take
12 February 2023 - 08:10
Renewed emigration by skilled and high-income earners poses a threat to South Africa’s fragile tax system, according to Standard Bank, the continent’s biggest bank.
“South Africa’s tax system rests on a pinhead,” Goolam Ballim, chief economist at the bank, said this week...
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