Treasury defends VAT hike proposal, rejects idea of wealth tax, increasing corporate income tax
submitted 12 months ago by Lthabo1999
submitted 12 months ago by Lthabo1999
- National Treasury rejected the idea of imposing a wealth tax and increasing corporate income tax in South Africa, as it believes it could harm tax compliance and investment.
- They defended the 2018 value-added tax (VAT) hike, stating that it raised substantial revenue, and emphasized that corporate tax increases could hinder economic growth and competitiveness.
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