Ten weeks of cheaper tickets is not a long term solution.
Articles on VAT
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The government’s U-turn will disappoint many workers – and it’s not enough make life easier for employers.
Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done properly, would tick all the boxes.
The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its citizens.
South Africa’s treasury thinks that additional revenue should come from taxes on consumption.
It’s often seen as harmless, but new research shows small business owners can feel compromised by requests to “lose the VAT”.
Citizens willingly pay taxes in return for government using these resources to provide services such as education and health.
If schools raise fees, parents may choose to send their children to state schools instead.
Both parties hope growing the economy can help them avoid difficult choices.
Both the Conservatives and Labour have promised not to raise income tax, national insurance or VAT should they win the election – but most voters don’t believe them.
An unfunded expansion of the social transfer system could lead to even worse economic outcomes — the medicine should not be worse than the disease.
A graduated and carefully calibrated approach to increases in VAT is preferable to large scale, once-off increases.
The western media has been reporting on Xi Jingping’s supposed ideological turn on bringing prosperity to all of China’s people. But his rule has seen sustained and large tax cuts on the wealthy.
Governments worldwide have put in place economic and tax relief measures to mitigate the impact on businesses and workers of drastic public health measures in response to the COVID-19 pandemic
South Africans debating the zero rating of certain products for VAT purposes must realise it isn’t a panacea for poor people and should be accompanied by other policies.
The review of South Africa’s list of zero rated VAT items faces a tricky challenge of shielding the poor while ensuring that the relief isn’t exploited.
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
The South African budget speech echoed the theme of rebuilding set out by President Cyril Ramaphosa in his state of the nation address.
Top contributors
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Associate Professor in Taxation, Stellenbosch University
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Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand
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Director of Studies, Loughborough University
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Visiting Professor at the Business School, University of the Witwatersrand
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Senior Lecturer, School of Humanities, Kingston University
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Senior Research Associate, University of Johannesburg
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Doctoral Researcher, University of Sheffield
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Lecturer in Accounting and Finance, Bournemouth University
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Associate Professor and Director of Rhodes Business School, Rhodes University
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Senior lecturer, University of Brighton
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Professor of Law, University of Johannesburg
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Teaching Fellow, University of Strathclyde
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Senior Lecturer in Tax, University of Johannesburg
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Senior Researcher, Southern Centre for Inequality Studies, University of the Witwatersrand
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Emeritus Professor of Accounting, University of Essex, University of Essex