Godongwana rules out introducing wealth tax, says it will contribute to capital flight
submitted 11 months ago by Lthabo1999
submitted 11 months ago by Lthabo1999
- Finance Minister Enoch Godongwana is not considering implementing a wealth tax instead of VAT, despite pressure from opposition parties.
- He believes that taxing the wealthy could lead to negative consequences like reduced savings and capital flight, which would harm South Africa's development.
Advertisement
No comments yet
Be the first to share your opinion!