'South Africa is among the most highly taxed countries in the world'

The Money Show’s Bruce Whitfield interviewed Leon Louw, Executive Director of the Free Market Foundation.

Louw discussed Tax Freedom Day (Wednesday, 25 May).

Tax Freedom Day represents the day of the year on which our money becomes ours rather than that of the government.

Scroll down for quotes from the audio below.

It’s [Tax Freedom Day] the only accurate way to reflect the quantity of all forms of tax.

Leon Louw, Executive Director of the Free Market Foundation

Nearly a third of Government revenue comes from middle- and lower-income people.

Leon Louw, Executive Director of the Free Market Foundation

Government will get less out if they raise taxes.

Leon Louw, Executive Director of the Free Market Foundation

Rich people have the luxury of moving themselves or their sources of revenue.

Leon Louw, Executive Director of the Free Market Foundation

Company tax is not only paid by rich people. The companies add it on to prices and consumers pay it.

Leon Louw, Executive Director of the Free Market Foundation

We are one of the most highly taxed countries in the world.

Leon Louw, Executive Director of the Free Market Foundation

We are doomed to stagnation unless this is reversed radically.

Leon Louw, Executive Director of the Free Market Foundation

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