OFM Business
Higher taxes hindered economic growth─── 20:18 Mon, 02 Nov 2020
National Treasury in its Medium Term Budget Policy Statement mentioned that it had to acknowledge that recent tax increases have failed to generate the revenue numbers initially projected.
Darren Britz, Admitted Attorney and Head of Legal at Tax Consulting SA, discusses why these tax increases, that were higher than the global average tax rates, actually hindered economic growth.
Higher taxes hindered economic growth:
