OECD wants SA to hike taxes, scrap pensioners’ tax breaks to fund basic income grant

OECD wants SA to hike taxes, scrap pensioners' tax breaks to fund basic income grant

An elderly woman covers her face with a makeshift mask as people queue to collect social grants in Khayelitsha township near Cape Town. The OECD says SA should introduce a permanent income grant to reduce inequality.

Tax breaks for the wealthy and for business should be reduced.

There is space to raise VAT by two percentage points. Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page . SA should make the R350 social grant permanent and raise taxes to pay for it, says the Organisation for Economic […]

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