MyMoney Online, Personal Finance with Warren Ingram

How to legally take part in a (sort of) tax revolt

FILE: Dr Sharon Smulders of Saica said just 544,000 people pay the 52% of total personal income tax collected, less than one person in every 100 of the population. Picture: stock.xchng

Last week, Helen Zille made headlines when she announced she is researching how tax revolts have been used to protest Government corruption and wasteful expenditure.

It’s totally unwise to call for a tax revolt… It [failing to pay tax as a form of protest] is a criminal offence…

Mark Kingon, acting commissioner - Sars

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Personal Financial Advisor at Galileo Capital.

Ingram discussed four shrewd investments you can make to save tax (i.e. legally take part in a tax revolt, kind of):

For more detail listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
'Tax revolt would lead to anarchy and the starvation of poor people'

'Tax revolt would lead to anarchy and the starvation of poor people'

The Money Show’s Bruce Whitfield interviews Judge Dennis Davis, Chairperson of the Tax Review Committee, and Mark Kingon (Sars).

Right now, a Tax Free Savings Account (TFSA) can yield up to 13%. Here’s how…

Right now, a Tax Free Savings Account (TFSA) can yield up to 13%. Here’s how…

How to earn a yield of 9% - on average - but up to 13% in your TFSA, according to personal financial advisor Warren Ingram.

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.

10 most-read 'personal finance' articles of 2018

10 most-read 'personal finance' articles of 2018

Making ends meet, investments, property, debt, financial freedom… these were the very best "your money" articles of the year.

Sick of corruption and fruitless spending by Govt? Some consider a ‘tax revolt’…

Sick of corruption and fruitless spending by Govt? Some consider a ‘tax revolt’…

If corruption doesn’t stop “tax morality” may be under threat. Bruce Whitfield interviews Norton Rose SA’s Andrew Wellsted.

More corruption increases likelihood of tax revolt - Judge Dennis Davis

More corruption increases likelihood of tax revolt - Judge Dennis Davis

We interview Chairperson of the Davis Tax Committee Judge Dennis Davis, the man tasked with overhauling South Africa’s tax system.

Popular articles
Can’t find your phone? Drop everything – thieves can get into your banking app!

Can’t find your phone? Drop everything – thieves can get into your banking app!

Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

SAA is on its knees, cap in hand, asking taxpayers for R2 billion this month. Unions must be careful, warns Guy Leitch (SA Flyer).

[WATCH] Jozi motorist avoids hailstorm with inventive way to cover car

[WATCH] Jozi motorist avoids hailstorm with inventive way to cover car

Khabazela shares tweets and Facebook posts that have gone viral.

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

"This problem is bigger than just a Kingswood problem. The relevant processes will unfold," says College Head Colleen Vassiliou.

Investors need to understand redress and sensitivities, says Eusebius

Investors need to understand redress and sensitivities, says Eusebius

Eusebius engages callers on the Richard Branson tweet that has been widely criticised for lacking diversity.

[WATCH] Pre-school class erupts as boy returns from RWC, goes viral

[WATCH] Pre-school class erupts as boy returns from RWC, goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

The money-pit airline is fighting for its life. Bruce Whitfield interviews Theto Mahlakoana, a senior political reporter at EWN.

[WATCH] Gay teen fights back against school bully as teachers do nothing

[WATCH] Gay teen fights back against school bully as teachers do nothing

Khabazela shares tweets and Facebook posts that have gone viral.