The VAT Increase is an Assault On The Poor And Lower-Income Earners

South Africa is a highly unequal society and a unilateral increase on the least progressive tax component – Value Added Tax (VAT) – is harmful to poor and lower-income earners. Finance minister Malusi Gigaba tabled the 2018 budget on 21 February, announcing that VAT would increase from 14% to 15% on 1 April as a … Continue reading The VAT Increase is an Assault On The Poor And Lower-Income Earners