- Are you ready for a South African Wealth Tax? You've likely never seen anything like this before…
- The Davis Tax Committee (DTC) has issued an invitation for submission, by the public, on a proposed South African wealth tax. You are likely familiar with taxes on income (PAYE) or even spending (VAT), but you have likely never encountered a true wealth tax.
A wealth tax, as the name suggests, is a tax on your wealth.
There are three basic forms discussed in South Africa. The first two, de... ››› more
- [18 May 2017]
- What are the chances the finance minister will introduce a new wealth tax?
- Tomorrow, the finance minister Nhlanhla Nene will give his medium-term budget.
With the government's coffers feeling the strain of slowing economic growth, Nene is under pressure to introduce new ways of increasing tax revenue. But how is he going to do it?
Since Thomas Piketty, a French economist, suggested introducing a new ‘wealth' tax in SA, could this happen?
Let's take a closer lo... ››› more
- [20 October 2015]
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