EDITORIAL: Why ‘solidarity tax’ won’t fly
The government must show it can keep its hands out of state coffers before it increases taxes on already overburdened citizens
22 October 2020 - 05:00
The idea of a new "solidarity tax" couldn’t have been floated at a worse time for the government, which not only doesn’t know how to spend its money, it also can’t seem to stop the venal in its ranks stealing half of it.
President Cyril Ramaphosa’s economic advisory council has again raised the spectre of a three-year "solidarity tax" for higher earners — an idea first mooted by the National Treasury to parliament in July...
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