It’s estimated that a 1% wealth tax would generate revenue of about R70 billion. Adelzadeh said the tax should be based on the wealthiest household’s net wealth in terms of income and assets BUSINESS
South Africa’s top income earners should pay a wealth tax to fund the basic income grant (BIG) and help take millions of South Africans out of poverty. That’s according to the Institute for Economic Justice (IEJ) and the Applied Development Research Solutions, who have modelled how the BIG could be financed.
At a webinar on Tuesday, Dr Asghar Adelzadeh, the co-director of the Economic Modelling Academy […]
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