Think tank warns of ‘tax shock’ for South Africa

The Centre for Development and Enterprise (CDE) has warned that not enough research has been done into the effect of a Basic Income Grant (BIG) and how it will impact the country’s tax base.

Presenting its findings on a proposed basic income tax on Tuesday (7 June), the think tank said the proponents of a BIG have made no serious attempt to assess the extent to which the imposition of a tax shock of the scale they envisage would slow economic growth, and by how much.

“This is, however, a near certainty. The implication is that even if the introduction of […]

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