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

Market players have been baying for an increase in VAT in this year's budget, but strong voices disagree.

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.