Governments worldwide have put in place economic and tax relief measures to mitigate the impact on businesses and workers of drastic public health measures in response to the COVID-19 pandemic
South Africans debating the zero rating of certain products for VAT purposes must realise it isn’t a panacea for poor people and should be accompanied by other policies.
The review of South Africa’s list of zero rated VAT items faces a tricky challenge of shielding the poor while ensuring that the relief isn’t exploited.
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
The South African budget speech echoed the theme of rebuilding set out by President Cyril Ramaphosa in his state of the nation address.
Whether measures announced by Gigaba will stave off a downgrade of South Africa’s local currency debt by one remaining rating remains to be seen.
Theresa May claims the Conservatives have historically been a party of low taxes. Is she right?
In his 2017/18 budget speech, South Africa’s finance minister Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.
With stalled economic growth and threats of credit rating downgrade, South Africa’s 2017/18 budget will need to dig deep to foster recovery.
The government’s hands are tied on taxing tampons, but there are alternatives.
A “triple lock” election commitment to keep taxes down is just pushing the pursuit of revenue into other areas – with the threat of more to come.
Commitments made at election time have a habit of tying the Chancellor’s hands come budget day.
British tax rules mean it makes more sense to knock a good house down than make changes which will sharply cut national emissions.