Will the SA government increase VAT?

I don't think they will. They don't give a toss about distorting the macroeconomy - a vat hike will hit their voter base harder than a rise in other taxes so they will avoid it like the plague.
 
Hi

5mil cannot sustain 50mil people. They are having problems.
They don't know how to tell there people. It will come down to a big bang.
Does not matter who is in power at that given time.
 
The report said that if the VAT rate — currently 14% — were raised for this or any other reason‚ the poor would have to be compensated‚ possibly by increases in social grants or with a better school nutrition programme
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Ah... The reason (be it lies or not) is to fund the NHI - wouldn't that qualify for "compensation" for the poor?
 
HowTo said:
Hi

5mil cannot sustain 50mil people. They are having problems.
They don't know how to tell there people. It will come down to a big bang.
Does not matter who is in power at that given time.
Click to expand...

Is this not a clear indication of a the divide in wealth in this country?
 
The tax base is too low and government inefficiency and corruption too high... Instead of increasing taxes, complete efficiency, cut the dead wood, increase tax base and increase the pie (or bake a new one) - instead of cutting it even smaller...

/dream
 
I'm not gonna lie here but raising the VAT rate to 15% and companies tax to 30% will make a difference, it will be easier to calculate :D

However, should the VAT rate increase, there are already measures in place to protect the poor, like zero rated goods ~ bread, rice, milk etc, why then, would there need to be an increase in grants?
 
Xzib1t said:
I'm not gonna lie here but raising the VAT rate to 15% and companies tax to 30% will make a difference, it will be easier to calculate :D

However, should the VAT rate increase, there are already measures in place to protect the poor, like zero rated goods ~ bread, rice, milk etc, why then, would there need to be an increase in grants?
Click to expand...

Votes
 
Trade unions and civil society organisations are likely to oppose suggestions that the VAT rate be increased because of the effect of this on the poor.
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You know, I'm sick of hearing about the damn poor. If the poor are such an issue, then they must be banned from breeding...
 
Well, a VAT rate increase would be more fair I suppose as everyone contributes to VAT income. Pity it would make our electronic goodies a bit more expensive though :(
 
cyberbob1979 said:
The tax base is too low and government inefficiency and corruption too high... Instead of increasing taxes, complete efficiency, cut the dead wood, increase tax base and increase the pie (or bake a new one) - instead of cutting it even smaller...

/dream
Click to expand...

You cant make pie for free. If you want to eat in the future you need to pay today for the ingredients and to cook the pie. They dont form by themselves. I agree, government needs to get more efficient, but Im personally in favour of higher social spending and higher taxation. Its got the best proven track record for allowing the most people possible to get some pie :D
 
Mike Hoxbig said:
You know, I'm sick of hearing about the damn poor. If the poor are such an issue, then they must be banned from breeding...
Click to expand...

Or we can change the socio economic conditions that allow poverty to flourish.

Im sure if you were poor, your view would be slightly different. Luckily you were born to where you are.... not a rural mud hut in the Transkei.
 
ghoti said:
Or we can change the socio economic conditions that allow poverty to flourish.

Im sure if you were poor, your view would be slightly different. Luckily you were born to where you are.... not a rural mud hut in the Transkei.
Click to expand...

Fix education, open the economy for business.
Stop the handouts (except for education!)
 
Mike Hoxbig said:
You know, I'm sick of hearing about the damn poor. If the poor are such an issue, then they must be banned from breeding...
Click to expand...

I am also sick of hearing about them, and being BLAMED for their plight.
 
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