The Penn Wharton Budget Model, a think tank headquartered at the University of Pennsylvania, recently released a study claiming former President...
Vous n'êtes pas connecté
ActionSA has rejected the proposed budget cuts to the South African Revenue Service (SARS), saying that the institution in charge of running the nation’s tax and customs services will be severely damaged by the decision.ActionSA has called on the Government of National Unity to ensure that critical institutions are sufficiently funded to give full effect to their mandates.According to ActionSA MP Alan Beesley, reducing budget cuts will adversely impact the ability of SARS to collect revenue and perform its mandate effectively, potentially affecting the overall fiscal balance sheet.‘“As outlined in the proposed budget, SARS faces substantial cuts, with a nominal reduction of R769 million and a real cut of R1.3 billion, which we contend are unworkable and thus, demand reversal.‘“Owing to the critical role that SARS plays in collecting over 90% of the government’s revenue, ActionSA believes it is ill-advised to further limit the capacity of the revenue collector,’’ Beesley said. In addition Beesley said if SARS cannot operate at full capacity, it will lead to constraints on the fiscal coffers.Beesely said by cutting SARS’s budget, the government is biting the hand that feeds it, which defies all logic. Furthermore, Beesley said ActionSA believes that it is ‘’nonsensical’’ that while essential state functions like SARS and even the judiciary suffer under broad austerity measures, the billion-rand perks of a bloated cabinet remain seemingly untouched.Rather than cutting SARS’s budget, SARS should be further capacitated to increase revenue collections by targeting the political elite and other criminal syndicates that, through illegal activities, remain outside the tax net, Beesley said.IOL
The Penn Wharton Budget Model, a think tank headquartered at the University of Pennsylvania, recently released a study claiming former President...
At Tuesday night’s presidential debate, Trump was asked about his economic agenda. As we’ve come to expect, he produced an incoherent word salad...
At Tuesday night’s presidential debate, Trump was asked about his economic agenda. As we’ve come to expect, he produced an incoherent word salad...
Former President Donald Trump delivered a speech at the New York Economics Club on Thursday that was highlighted by a completely nonsensical reply to...
Former President Donald Trump delivered a speech at the New York Economics Club on Thursday that was highlighted by a completely nonsensical reply to...
By: Natasha Archary On the first day that the two-pot retirement system came into play, there were just under 2,500 withdrawal requests. The South...
By: Natasha Archary On the first day that the two-pot retirement system came into play, there were just under 2,500 withdrawal requests. The South...
It's the assembly of renowned experts and leaders of thought in the field of finance, at the Nigerian Air Force Finance Seminar 2024, organised by the...
Marine Le Pen’s party unveiled its economic program that includes tax cuts for corporations and measures to favor French citizens, an agenda that...
The United States' "paper of record" gave ultra-rich investors and corporate executives a platform on Thursday to sound off against Vice President...