New BEE tax for South African businesses proposed

[Daily Investor]

New BEE tax for South African businesses proposed

Former Reserve Bank Deputy Governor Kuben Naidoo has backed entrepreneur Alan Knott-Craig’s proposal for a new tax to fund black economic empowerment (BEE).

 

[saor]

Black cadre empowerment. Fix the damn economy and infrastructure so that jobs are created and people get uplifted. You self-serving idiots hell-bent on doing sweet fkall to actually improve this country.

 

[ToxicBunny]

How about fsck off on this new bollocks tax.

The solution is simple and it shouldn't involve a surcharge on business

 

[saor]

How about fsck off on this new bollocks tax.

The solution is simple and it shouldn't involve a surcharge on business

The very entities needed to give people jobs... let's tax them even more. Determined to return the entire country to shacks and grovelling.

 

[Heisenborg]

New BEE tax for South African businesses proposed

Former Reserve Bank Deputy Governor Kuben Naidoo has backed entrepreneur Alan Knott-Craig’s proposal for a new tax to fund black economic empowerment (BEE).

That wil fix it nice

 

[CrypticZA]

3% revenue... So if the business i work for is not making a profit and is manking an annual loss but the revenue is R450mil they need to pay 3% of that and make further losses... So just take on another R13.5mil loss...

Nice... This country is so screwed

 

[borro]

go fund me would be better. Let's see who signs up 4 dat.

 

[FiestaST]

Cadre Economic Empowerment.

 

[dualmeister]

 

[dualmeister]

 

[Hemi300c]

tldr/
We fund the R100bil BEE cr@p through taxes in any event.

Racism is alive and well in SA.

This trumps al previous BEE racist laws.

 

[neoprema]

Black cadre empowerment. Fix the damn economy and infrastructure so that jobs are created and people get uplifted. You self-serving idiots hell-bent on doing sweet fkall to actually improve this country.

+1

 

[dualmeister]

tldr/
We fund the R100bil BEE cr@p through taxes in any event.

Racism is alive and well in SA.

This trumps al previous BEE racist laws.

 

[Jam Sandwich]

Lol... Always on the scrounge....

 

[neoprema]

Can someone explain how this tax will uplift black people who are currently struggling?

 

[VooDooC]

Can someone explain how this tax will uplift black people who are currently struggling?

That's the neat part, it won't.

 

[EmmanuelGoldstein]

VIVA ANC Comrades... VIVA

 

[W@P]

Last year, Knott-Craig, who founded Herotel and Fibretime, submitted a new BEE plan to South Africa’s Minister of Trade and Industry, Parks Tau.

His proposal is for companies to pay a 3% levy on revenue, which, in turn, will provide them with a Level 3 B-BBEE certificate.

JMSP man.

GTFO and GFY !!!

 

[xcaliber]

If you read it. Its not bad. However, the tax should be profit based.

It basically removes the need for BBE audits, checks and requirements with just a tax.

Companies no longer need to hire people on colour, removes barriers. and simplifies the whole process.

 

[ToxicBunny]

Can someone explain how this tax will uplift black people who are currently struggling?

Well if by some miracle your reference to "uplift black people" refers to the global supply of blue lambos, then its a perfect solution.