Economic researcher slams anti-poor VAT hike

Finance Minister Malusi Gigaba has announced an increase of one percentage point in the VAT rate.

Is VAT really the best way to raise money?

The Money Show’s Bruce Whitfield interviewed Wits economic researcher Gilad Isaacs.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

An increase in VAT impacts poor people most.

Gilad Isaacs

There is room to increase other taxes that won’t have a negative effect on poor people.

Gilad Isaacs

We rank 137th out of 213 [in terms of corporate tax rates].

Gilad Isaacs

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