Pravin Gordhan explains his “Robin Hood” Budget Speech

I’m happy, Bruce,that you’re going to pay a bit more!

Pravin Gordhan, Finance Minister

Just pay your fair share of tax! That is all that we want.

Pravin Gordhan, Finance Minister

[An increase in] VAT is being looked at.

Pravin Gordhan, Finance Minister

Budget 2017 is done and dusted!

The Money Show’s Bruce Whitfield interviewed Finance Minister Pravin Gordhan.

Gordhan delivered what Whitfield called a “Robin Hood” budget on Wednesday.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

For historical reasons we have a very narrow tax base.

Pravin Gordhan, Finance Minister

We need growth and transformation so that more people can contribute to income tax and other taxes as well.

Pravin Gordhan, Finance Minister

Why 45%? It’s the next logical step from 41%. At this level we bring in about R3.5 billion to R4 billion.

Pravin Gordhan, Finance Minister

It’s not about nailing the superrich.

Pravin Gordhan, Finance Minister

Tax administration has to be more aware of the arbitrage opportunities.

Pravin Gordhan, Finance Minister

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Article brought to us by Old Mutual.

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