Barbara Curson
3 minute read
23 Feb 2021
6:36 am

Corporate excess profits tax a good idea

Barbara Curson

Tax would be easier to administer and apply as the audited figures would be readily available.

As South Africa tumbles haphazardly into the second year of the Covid-19 pandemic, with uncertainty about when corruption will be curtailed, the criminals jailed, the zombie state-owned entities culled and the majority of citizens vaccinated, the only certainty is the steadily rising dam of debt. Citizens are already being lumbered with more than their share of taxes, with VAT and fuel taxes being carried by even the very poor. They have reached their taxation ceiling (indicated by the Laffer curve). Filling the Covid-19 fiscal hole There are global calls for post-Covid-19 fiscal policies to accelerate transformation, support the poor, and...