The impact of emigration can’t be dismissed, but South Africa has a bigger tax problem, SARS says.
SARS commissioner Edward Kieswetter says that headlines beating the drum on emigration eroding South Africa’s tax base are overstated, with the data at hand not reflecting any significant impact on tax collections.
The real damage being done by emigration comes through “soft impacts” – for example, reputationally, the damage can be quite significant for the country; people are losing confidence in the system.high levels of non-compliance from those who are still in South Africa“In South Africa the bad news is the good news.
Kieswetter said that this does not mean that the revenue service is pushing for higher taxes – on the contrary, he said that the tax burden on South African taxpayers should be lighter. On top of talk from politicians around a ‘wealth tax’, SARS itself has set up a specialised high-net-worth unit to focus on top earners with assets totalling more than R50 million.
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