"VAT is a regressive tax" says former Chair of the Katz Commission on tax

25 February 2016 5:32 PM

VAT is the last thing we should be raising says Minister Pravin Gordhan - and leading tax expert and chair of the 1990s Tax Commission Michael Katz vehemently agrees

Here's why.

Vat is a very regressive tax. It is a consumption tax and it bites hardest at the poor
— Michael Katz, Edward Nathan Sonnenberg

It is in my view morally inappropriate to do so, particularly at a time when interest rates are increasing, food prices are increasing and the burden of the economy is increasing.
— Michael Katz, Edward Nathan Sonnenberg

Listen as Michael Katz explains why such a move would adversely impact on much needed economic growth.

Written by: Barbara Friedman

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