Opinion: High-earners should demand accountability for 45% tax increase

Finance Minister Pravin Gordhan says government plans to tax those earning more than R1.5 million a year 45% of their taxable income.

702 Breakfast host, Xolani Gwala, says there is something positive from this announcement made during Wednesday's budget speech.

They can either decide to employ more measures and evade tax or chose to do what I think is the right thing to do, which is to pay more attention to where their money is going.

Xolani Gwala, 702 Breakfast host

It usually takes the upper middle class and the rich to effect change in society. Now that they are being taxed 45%, that will force them to demand more accountability to government.

Xolani Gwala, 702 Breakfast host

I think there is a positive side to this and that can force change to South Africa.

Xolani Gwala, 702 Breakfast host

You now know that half of your salary will go to President Jacob Zuma's government, it's now up to you to say I want you to come and account.

Xolani Gwala, 702 Breakfast host

Listen to the full comment below...


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