EXCLUSIVE: The truth about our taxes
Sars boss Edward Kieswetter believes fears that SA’s personal income tax base is being hollowed out by unemployment and emigration are overblown. He argues that the tax base is growing, compliance is paying off and financial emigration is inconsequential. Nonetheless, there are warning lights flashing
22 September 2022 - 05:00
The scourge of slow growth and rising unemployment that has plagued SA over the past decade has had two big consequences: rapidly increasing government debt and worsening poverty. Now, as demands grow for increased income support for unemployed adults, doubts are being raised about the sustainability of the country’s tax base.
Many South Africans are worried that, in the absence of faster growth, the small, ageing tax base will buckle under the burden of higher taxes — especially if a budget-busting basic income grant (BIG) is instituted by a ruling party desperate to shore up waning support...
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.