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.

Read full article here

Contact the Author
Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.