Streaming issues? Report here
Aubrey Masango 702 Gradient Aubrey Masango 702 Gradient
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

Up Next: Best of 702
See full line-up
The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Business

South Africa among 10 most heavily taxed countries in the world - IMF

1 July 2019 9:03 PM
Tags:
IMF
The Money Show
OUTA
International Monetary Fund
Wayne Duvenage
Bruce Whitfield
Tax
organisation undoing tax abuse
tax burden
Personal taxes

Are you getting your money’s worth? Bruce Whitfield interviews Wayne Duvenage of the Organisation Undoing Tax Abuse (Outa).

We’re up there with the New Zealands and the Denmarks of the world… It’s bad when you’re not getting a return…

Wayne Duvenage, Chairperson - Organisation Undoing Tax Abuse

I would love to see a collaboration between Edward Kieswetter, Shamila Batohi and the Presidency to start locking up some crooks. Just get them on tax! If it takes too long to prove fraud and corruption; do what the Americans did with Al Capone…

Bruce Whitfield, The Money Show

South Africa is amongst the 10 most heavily taxed countries in the world (tax-to-GDP ratio), according to the International Monetary Fund (IMF).

Personal taxes have increased by 125% over the past decade.

The Money Show’s Bruce Whitfield interviewed Wayne Duvenage, Chairperson at Organisation Undoing Tax Abuse (Outa).

Duvenage says taxpayers are paying more but getting less in return.

He believes Government has gone too far in tapping the individual tax-paying base in South Africa.

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

They’ve pushed that personal tax envelope too far!

Wayne Duvenage, Chairperson - Organisation Undoing Tax Abuse

There is sufficient money… it all comes down to governance… instead, we have cronyism, maladministration, corruption… if we can fix that we’ll have the best country in the world…

Wayne Duvenage, Chairperson - Organisation Undoing Tax Abuse

Your taxes have been abused with gay abandon for far too long… It’s criminal! …

Bruce Whitfield, The Money Show

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:


1 July 2019 9:03 PM
Tags:
IMF
The Money Show
OUTA
International Monetary Fund
Wayne Duvenage
Bruce Whitfield
Tax
organisation undoing tax abuse
tax burden
Personal taxes

More from Business

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

premier-alan-winde-cticc-covid-19-hospitaljpg

Premier Winde calls for alcohol sales ban to be lifted in WC

7 August 2020 5:32 PM

Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.

Share this:
Read More arrow_forward

mos-crib-thumbnail-unfilteredjpg

Our Nedbank Business Ignite winners want to do business with YOU!

7 August 2020 9:18 AM

From 50 finalists the three winners have been selected and they represent top adaptive thinking in business right now.

Share this:
Read More arrow_forward

performance-3202707-1920jpg

Nigerian Afrobeats star aims to raise $20m to fund the continent's musicians

6 August 2020 9:03 PM

'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.

Share this:
Read More arrow_forward

oranges-1117628-1920jpg

Good news for local citrus industry: Bumper season expected for US exports

6 August 2020 8:38 PM

Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Former Shoprite CEO joins court battle against alcohol ban - Govt is too slow!

6 August 2020 7:36 PM

Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.

Share this:
Read More arrow_forward

MTN-cellphone-network-service-provider-data-airtime-calls-123rf

MTN to quit Middle East to focus on Africa

6 August 2020 6:55 PM

Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.

Share this:
Read More arrow_forward

afrika-tikkunjpg

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

car insurance short-term cover 123rfbusiness 123rflifestyle 123rf

Why it's a bad idea to ditch or downgrade your car insurance to save on costs

5 August 2020 8:21 PM

Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.

Share this:
Read More arrow_forward

liberty-ceo-david-munrojpg

Liberty reports R2.2b loss amid pandemic, but 'capital ratio remains strong'

5 August 2020 7:53 PM

Liberty's David Munro tells The Money Show its R3b pandemic reserve shows the insurer 'truly living out its purpose'.

Share this:
Read More arrow_forward