"VAT is a regressive tax" says former Chair of the Katz Commission on tax

VAT is the last thing we should be raising says Minister Pravin Gordhan - and leading tax expert and chair of the 1990s Tax Commission Michael Katz vehemently agrees

Here's why.

Vat is a very regressive tax. It is a consumption tax and it bites hardest at the poor

Michael Katz, Edward Nathan Sonnenberg

It is in my view morally inappropriate to do so, particularly at a time when interest rates are increasing, food prices are increasing and the burden of the economy is increasing.

Michael Katz, Edward Nathan Sonnenberg

Listen as Michael Katz explains why such a move would adversely impact on much needed economic growth.


This article first appeared on 702 : "VAT is a regressive tax" says former Chair of the Katz Commission on tax


Recommended

by NEWSROOM AI
Read More
Don’t earn much? How to best invest tiny amounts...

Don’t earn much? How to best invest tiny amounts...

Earn peanuts, but want to start investing? You can now buy even tiny fractions of a share at a time. And it's very simple!

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

'How we do business here is very different to how they do business there'

'How we do business here is very different to how they do business there'

Aurik Business Accelerator’s Pavlo Phitidis reports back from the "mind blowing" three-day GrowCo conference in New Orleans.

Worst performing shares on the Johannesburg Stock Exchange

Worst performing shares on the Johannesburg Stock Exchange

Many recently booming stocks appear on the list of poor performers, including the likes of Tiger Brands, Capitec Bank and MTN.

Eskom report shows its workers are close to SA’s best paid - Mike Schüssler

Eskom report shows its workers are close to SA’s best paid - Mike Schüssler

Excluding executives and senior managers, the average Eskom worker earns more than R600 000 per year, says Schüssler.

Private schooling for your kids (at a low price unheard of just a few years ago)

Private schooling for your kids (at a low price unheard of just a few years ago)

The Money Show’s Bruce Whitfield interviews SPARK Schools cofounder and CEO Stacey Brewer.

Popular articles
Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.