Taxpayers hit with highest marginal rate since ’94
Fin24 – 2017-02-22
Cape Town – The question for Finance Minister Pravin Gordhan going forward is, “can we be sure the spending plans are sufficiently robust to grow the economy and therefore stave off a further tax increase?”
With SA’s gross domestic product (GDP) growing slowly and unemployment remaining the same – therefore no new jobs – an increase in tax revenue can only go so far before taxpayers will eventually be paying more and more with no real return to the economy.
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