Godongwana rules out introducing wealth tax, says it will contribute to capital flight
submitted 9 months ago by Lthabo1999
submitted 9 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.
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