Corncerns as rich taxpayers leave SA – could loadshedding be reason?
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South Africa is in a precarious position in that its working-class taxpayers are severely diminished and the SA Revenue Service (Sars) is too dependent on taxes from the rich, but ever more rich South Africans are leaving the country.
This warning came from Claude de Baissac, chief economist of business management consultancy Eunomix, who was at the annual Tax Indaba in Johannesburg last week and was part of a panel discussion on the expansion of the tax base.
South Africa could be a low-income country by 2030 and, with the tax base not growing enough for the state to meet obligations, the country is on the verge of a revolution.
This warning came from Claude de Baissac, chief economist of business management consultancy Eunomix, who was at the annual Tax Indaba in Johannesburg last week and was part of a panel discussion on the expansion of the tax base.
South Africa could be a low-income country by 2030 and, with the tax base not growing enough for the state to meet obligations, the country is on the verge of a revolution.
