US EditionWe need more taxpayers, not more tax
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We need more taxpayers, not more tax
Photo by Jon Tyson on UnsplashSouth Africa must end its fixation on raising taxes and instead focus on broadening the tax base. Only 1.5% of South Africans pay 61% of all income tax; 7.9 million tax payers fund over 28 million grant recipients.Even the National Treasury has admitted that it cannot afford to keep raising income tax, despite a R20 billion budget shortfall. The proposed VAT hike was poised to devastate our already flagging economy.…
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