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Articles by Thabo Legwaila
The Foreign Business Establishment Exemption is not for Outsourced Services
The Foreign Business Establishment Exemption is not for Outsourced Services
The trade and production of income requirements for the deductibility of interest
The trade and production of income requirements for the deductibility of interest
Tax filing season: taxpayers' rights matter
Professor Thabo Legwaila | Chief Executive Officer | Office of the Tax Ombud (OTO) | mail me | We are redoubling our efforts to create awareness about our services and protect the rights of taxpayers this filing season, with the launch of an informative digital awareness campaign #TaxpayersRightsMatter. The campaign was launched on 1 September 2020.
E-booklet: Responsible Tax and the Developing World
Jericho Times By Christine Allen on 7th December 2017 Civil Society There is a strong feeling of injustice when it comes to tax and nations of the developing... Read more By Alan McLean on 7th December 2017 Corporate Citizenship There is both ‘good’ and ‘bad’ behaviour amongst corporates. A clear tax strategy setting out the approach... Read more By Thabo Legwaila on 7th December 2017 Policy The demand for state services is increasingly putting pressure on revenues.
SA needs to do more to plug its deficit than target the rich
Faced with a growing deficit, depressed revenue generators and a limited tax pool, South Africa’s finance minister, Pravin Gordhan, once again focused the tax increases on high income earners. By his own admission finding the right tax balance for the 2017/18 budget was a challenge. South Africa is currently sitting with a deficit or shortfall of R28 billion – that’s by how much its spending plans outstrip its revenue. The minister has to find ways to plug the gap within the next two years.
The problem with Pravin Gordhan's big tax squeeze
Of the 55 million people in South Africa, about 14 million are registered for tax and only 7.4 million are liable to tax, along with companies and trust. The other half of registered taxpayers fall outside the lowest tax bracket. Thus, from a direct income tax point of view only 14% of the population funds government expenditure, along with companies and trusts. The trend to increase taxes on high income earners is in line with the progressive nature of the South African tax system.
South Africa needs to do more to plug its deficit than target the rich
Faced with a growing deficit, depressed revenue generators and a limited tax pool, South Africa’s finance minister, Pravin Gordhan, once again focused the tax increases on high income earners. By his own admission finding the right tax balance for the 2017/18 budget was a challenge. South Africa is currently sitting with a deficit or shortfall of R28 billion – that’s by how much its spending plans outstrip its revenue. The minister has to find ways to plug the gap within the next two years.
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