'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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Read More
6 techniques you can use to get funding to start (or grow) a business

6 techniques you can use to get funding to start (or grow) a business

Small business guru Pavlo Phitidis discusses the techniques, how they work and how to get them right.

Money market accounts (and Exchange Traded Funds) FAQs answered

Money market accounts (and Exchange Traded Funds) FAQs answered

Personal finance guru Warren Ingram explains what money market accounts are and the difference between various ETFs.

2016 - Good riddance to bad rubbish

2016 - Good riddance to bad rubbish

Bruce Whitfield interviews public speaking superstar Vusi Thembekwayo, who says “Dear 2016: we are glad you are over”.

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

Meet (outgoing) Old Mutual EM CEO Ralph Mupita (soon to be MTN’s CFO)

The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.

Why the SA Institute of Race Relations accepted funding from Coca-Cola

Why the SA Institute of Race Relations accepted funding from Coca-Cola

The institute's Gwen Ngwenya explains why it took money from Coca-Cola to fund research on taxing beverages containing sugar.

"The best place to be poor is where the richest people are" - Leon Louw

"The best place to be poor is where the richest people are" - Leon Louw

Jesus said poverty will always be with us. He was right, because poverty is relative, says the Free Market Foundation’s Leon Louw.