Why direct wealth taxation is unconstitutional: Debunking SA’s latest tax proposal
Robert Vivian writes on the suggestion of yet another direct “tax” to be imposed on wealth – delving into the illegitimacy of such a taxation.
Robert Vivian writes on the suggestion of yet another direct “tax” to be imposed on wealth – delving into the illegitimacy of such a taxation.
For Heystek, the storm clouds have been gathering for quite some time and it doesn’t bode well for SA. Certainly, not as well as Adrian Gore would have us believe.
There is already an exodus of high tax paying individuals on the go, and a wealth tax will certainly speed it up, with a resulting shrinkage of an already small tax base.
For Heystek, the storm clouds have been gathering for quite some time and it doesn’t bode well for SA. Certainly, not as well as Adrian Gore would have us believe.
International experience shows that people with that sort of tax burden are prone to leave the country imposing it, writes Garth Zietsman.
A poll conducted last month by the Social Research Foundation, a recently established policy think tank, shows ANC support at nearly 47%.
In February, Saftu held a protest march calling for a wealth tax, a basic income grant, and nationalisation of major farms, banks and mines.
The South African government resisted implementing a wealth tax, but its new unit aimed at nailing rich tax dodgers may encourage some to emigrate.
Dawn Ridler tells BizNews that although there’s a hole in funds, government needs to be careful of killing the golden goose – SA taxpayers.
Luxury group Richemont’s sales in the third quarter increased by 5% at constant exchange rates compared to the prior period, with China leading sales.