VAT At 16%

garp said:
Are you seriously suggesting that no bespoke code should be used for anything if it has to calculate a VAT amount at some point?
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I'm seriously suggesting that any small to medium business that doesn't employ full time developers should leave any statutory requirements to the ERP vendors. (who are hopefully reputable)
 
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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Your faith in the current education system is statistically misplaced.
 
alloytoo said:
I'm seriously suggesting that any small to medium business that doesn't employ full time developers should leave any statutory requirements to the ERP vendors. (who are hopefully reputable)
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Oh right, so a small business must bankrupt itself installing SAP because there is a VAT calculation on their simple order processing system? Makes sense.
 
garp said:
Oh right, so a small business must bankrupt itself installing SAP because there is a VAT calculation on their simple order processing system? Makes sense.
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I say small business and reputable vendor and you think SAP? Well done in demonstrating your ignorance.
 
alloytoo said:
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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I doubt that hiking VAT will give you a lower income tax for the wealthy. Because ANC will not screw over lower income people as that's the bulk of their voter base. In the end you'll see higher income tax or same income tax and a higher VAT rate. Maybe it will benefit the very rich but the rich will still have to pay more for everything.
 
Space_Chief said:
I doubt that hiking VAT will give you a lower income tax for the wealthy. Because ANC will not screw over lower income people as that's the bulk of their voter base. In the end you'll see higher income tax or same income tax and a higher VAT rate. Maybe it will benefit the very rich but the rich will still have to pay more for everything.
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I think you missed the point.

When taxation becomes what people consider punitive those with wealth and or transferable skills leave for more attractive tax regimes.

In other words in SA's case punitive taxation becomes yet another "push" factor accelerating the brain drain.
 
alloytoo said:
I think you missed the point.

When taxation becomes what people consider punitive those with wealth and or transferable skills leave for more attractive tax regimes.

In other words in SA's case punitive taxation becomes yet another "push" factor accelerating the brain drain.
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The inclination would be more towards simply to avoid paying tax than leaving, atleast this is the impression I get from the people I have spoken to.

Like with capital flight, the brain drain is more as a result of other factors, taxation doesn't have such a huge impact, especially when the tax/gpd ratio has remained relatively unchanged for quite some time.
 
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saturnz said:
The inclination would be more towards simply to avoid paying tax than leaving, atleast this is the impression I get from the people I have spoken to.

Like with capital flight, the brain drain is more as a result of other factors, taxation doesn't have such a huge impact, especially when the tax/gpd ratio has remained relatively unchanged for quite some time.
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I would agree that most wouldn't leave solely on tax rates, but as they ratchet the rate up, and the electricity stays off those push factors for the slow learners keep mounting.
 
ZCFOutkast said:
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.
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:wtf: You're joking, right?
 
Well I seriously doubt there will be an income tax increase, instead I reckon there just won't be any relief (effectively letting it climb with inflation).

VAT on the other hand will have to increase as the income from a 1% increase will make a much larger difference than income tax by the same margin :-/

Question is though, with all the unpopular decisions made, rampant & obvious corruption, will the gov go this route and suck up the negativity from unions which are already breaking apart from them or will they tax the those that pay tax at the risk of losing them.

Usual unions will complain about the poor but really these items, some basic foods etc which make up the basket of goods are tax free.. So it effectively taxes those that have funds to spend.
 
alloytoo said:
I think you missed the point.

When taxation becomes what people consider punitive those with wealth and or transferable skills leave for more attractive tax regimes.

In other words in SA's case punitive taxation becomes yet another "push" factor accelerating the brain drain.
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I think the reason why people want to leave SA is not because they raise the tax a little bit. The real reasons are more fundamental. SA is going down the drain - you can see this in the whole power, water, industrial strikes, post office, crime etc things.

Maybe the super rich whose children work and play abroad are not affected but those from upper middle class and below can surely see that the future of SA is not bright at all.
 
It's not punitive, really. The problem is the complete lack of return on tax money paid.
 
Space_Chief said:
I think the reason why people want to leave SA is not because they raise the tax a little bit. The real reasons are more fundamental. SA is going down the drain - you can see this in the whole power, water, industrial strikes, post office, crime etc things.

Maybe the super rich whose children work and play abroad are not affected but those from upper middle class and below can surely see that the future of SA is not bright at all.
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Here's the funny bit. Those who can afford to leave the country can pay more tax. Those that can't afford more tax can't leave the country.
 
Swa said:
Here's the funny bit. Those who can afford to leave the country can pay more tax. Those that can't afford more tax can't leave the country.
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the reality though is that those that can afford to leave the country don't pay much tax

a fallacy amongst people here seems to suggest rich people pay large amounts of tax, which in absolute terms they may do but in relative terms they pay very little
 
saturnz said:
the reality though is that those that can afford to leave the country don't pay much tax

a fallacy amongst people here seems to suggest rich people pay large amounts of tax, which in absolute terms they may do but in relative terms they pay very little
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It depends on how you look at it. Relative to the rest of the populace their tax contribution makes up a smaller percentage but that doesn't mean you can claim them to be paying less tax as on a 1:1 basis they do pay more tax.
 
saturnz said:
the reality though is that those that can afford to leave the country don't pay much tax

a fallacy amongst people here seems to suggest rich people pay large amounts of tax, which in absolute terms they may do but in relative terms they pay very little
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WHAT!
 
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