VAT At 16%

Rather increase the fuel levy. The price decreased more than R3.00 a litre, so put it up R1,00 a litre. We still all benefit from lower fuel prices and get to keep our salaries and 14% VAT rate.

And it forces unlicenced or uninsured drivers to pay more. Even better, it forces taxi's to pay more tax.
 
Gaz{M} said:
Rather increase the fuel levy. The price decreased more than R3.00 a litre, so put it up R1,00 a litre. We still all benefit from lower fuel prices and get to keep our salaries and 14% VAT rate.

And it forces unlicenced or uninsured drivers to pay more. Even better, it forces taxi's to pay more tax.
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That only taxes drivers though, there are plenty of people who don't drive...
 
Vrotappel said:
VAT is too much of a political hot potato. I don’t think it will change soon.
Expect more tax on Capital Gains.
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Increases in capital gains and dividend tax could see wealth flight. Not what we need right now. Squeezing the current population is easier.

That said, our capital gains and dividend tax is also "lagging" behind other countries - but you won't see the media clamouring for it.
 
Garson007 said:
Increases in capital gains and dividend tax could see wealth flight. Not what we need right now. Squeezing the current population is easier.

That said, our capital gains and dividend tax is also "lagging" behind other countries - but you won't see the media clamouring for it.
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if capital was going to fly, it would have flew already as a result of the power issues, general uncertainty, political issues and world events, a change in the tax rate won't have that big an effect
 
Garson007 said:
Increases in capital gains and dividend tax could see wealth flight. Not what we need right now.
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Greater wealth flight has already taken place in the 90s&early noughts. Won't happen again no matter how tought things get - power crisis, water crisis, political crisis etc. Even the Richard branson are buying land here during these "tough times". Even Mining shares are stil doing rather ok despite the the various strikes.

SA and its people wouldn't lose at all trust me on that one. Besides, that's precisely what the Chinese want to happen here in SA (and the underpressure Russkies one would think). As locals we'll simply move in and fill the gap. Afterall it's our pensions&union subscriptions propping up parts of the JSE and money markets.
 
Mike Hoxbig said:
I wonder what the breaking point will finally be when everybody says that enough is enough. I actually hope they go through with this just so that we can get closer to it...
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What do you mean by "everybody" ? The only way is to get the majority that currently votes for the ANC to side with you. I can't see that happening. Ever. Many of them dont have electricity anyway. They probably dont buy from major supermarkets, so their purchases are probably not subject to vat.

The ANC keeps their votes by constantly reminding them they will be in bigger trouble if the Afrikaners are back in charge. Then there is always some idiot like Steve Hofmeyer or some other celeb who makes a public spectacle of themselves and provides the ANC with "examples" to prove their point. Certainly, anyone browsing mybb or news24 will be convinced that whites are still out to get them. I wonder if Steve Hofmeyer is really an ANC plant because whenever he opens his big mouth, its a win for the ANC propoganda machine.
 
Milano said:
Social grants don't come cheap.
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They wouldn't have been necessary if Bantu education wasn't emoployed to render us academically &entrepreneurially malnourished.

It's only been 20 years, but at least the youngsters are getting a bit of an education and giving themselves a better chance.

Look at the EFF. All led by young academics (masters, docotrates, soon to be professorials who'll be shaping a lot of the young South African minds when they are not spending time in parliament) who put the ANC&DA to shame each time when they open their mouths. Their political strategies are unparalleled. Love them or hate them, what you're witnessing are the products of education whch their parents & grandparents were denied. Just think what the clever Blacks within the ANC would achieve too if they were not muzzled.

Bantu education denied us that, but our kids 30% plus F in Woodwork etc or not are getting it right. Grants won't be needed that much as some of the young ones are growing ashamed to be known as people who live off grants. So even that dependency mentality is getting eroded gradually by social dynamics. How many do you think will want to be known as RDP beneficiaries?

All are driven to learn, get a driver' license, get a job, buy a car, house/townhouse, go on fancy holidays, cruises travelling the globe etc. Who cares if Affirmative Action helps them out along the way - every race benefitted from it throughout history. Fact is they are progressing through their own enterprise.
 
Hamster said:
It would but then again maybe it will teach them a lesson to not buy at maximum affordability.

Money is not my area of expertise but interest rate hike of 1% would be more devastating?
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I'm for pushing interest rates up. In the current system SAVERS are screwed over. Buy a smaller house, a smaller engined BMW or a Toyota instead of a 3 liter BMW and so on.
 
Mike Hoxbig said:
So if we're going to follow international trends, they should be raising VAT and lowering income tax. I'm down with that...
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Why are we comparing ourselves to EU nations where your taxes actually pay for things? (And where their currency is stronger anyway?) Things like effective policing, good roads, education and health care?
 
ZCFOutkast said:
They wouldn't have been necessary if Bantu education wasn't emoployed to render us academically &entrepreneurially malnourished.

It's only been 20 years, but at least the youngsters are getting a bit of an education and giving themselves a better chance.

Look at the EFF. All led by young academics (masters, docotrates, soon to be professorials who'll be shaping a lot of the young South African minds when they are not spending time in parliament) who put the ANC&DA to shame each time when they open their mouths. Their political strategies are unparalleled. Love them or hate them, what you're witnessing are the products of education whch their parents & grandparents were denied. Just think what the clever Blacks within the ANC would achieve too if they were not muzzled.

Bantu education denied us that, but our kids 30% plus F in Woodwork etc or not are getting it right. Grants won't be needed that much as some of the young ones are growing ashamed to be known as people who live off grants. So even that dependency mentality is getting eroded gradually by social dynamics. How many do you think will want to be known as RDP beneficiaries?

All are driven to learn, get a driver' license, get a job, buy a car, house/townhouse, go on fancy holidays, cruises travelling the globe etc. Who cares if Affirmative Action helps them out along the way - every race benefitted from it throughout history. Fact is they are progressing through their own enterprise.
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At least there was Bantu education during Apartheid, the British with their big mouths should have built schools with immaculate standards for all citizens and let go of their aryan supremacy during the British Union of South Africa and in the British Cape Colony before unification.
 
Nanfeishen said:
WTF are these new by-words being used "International Trends" ?

What has S.A.'s VAT got to do with "international trends" anyway ? Other than an excuse to raise it.

If one goes by that thought process then, can we hope for a less corrupt government more in line with "international trends" ?
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You know the excuse... South Africa is always special when it suits them except when it doesn't suit them.

diesel said:
Instead of building better pastures to get the cows producing more milk they want to turn up the suction and suck more out the cow, how long until it goes dry!
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The cow has been dry for years.

ZCFOutkast said:
They wouldn't have been necessary if Bantu education wasn't emoployed to render us academically &entrepreneurially malnourished.

It's only been 20 years, but at least the youngsters are getting a bit of an education and giving themselves a better chance.
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It's been over half a generation already and they have nothing to show for this new education of them.

Space_Chief said:
I'm for pushing interest rates up. In the current system SAVERS are screwed over. Buy a smaller house, a smaller engined BMW or a Toyota instead of a 3 liter BMW and so on.
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I'm all for this. Our reserve bank is incompetent in rewarding debtors but punishing savers.
 
Nanfeishen said:
WTF are these new by-words being used "International Trends" ?

What has S.A.'s VAT got to do with "international trends" anyway ? Other than an excuse to raise it.

If one goes by that thought process then, can we hope for a less corrupt government more in line with "international trends" ?
Click to expand...

Tax are subject to the laws of supply and demand, in effect countries compete for the skilled people of the world through a balance of taxation policies and government services.

That's why punitive income tax polices are such a silly idea, the people you are targeting, the wealthy, just get up and leave for more attractive climes.
 
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