The Centre for Development and Enterprise (CDE) has warned that not enough research has been done into the effect of a Basic Income Grant (BIG) and how it will impact the country’s tax base.
Presenting its findings on a proposed basic income tax on Tuesday , the think tank said the proponents of a BIG have made no serious attempt to assess the extent to which the imposition of a tax shock of the scale they envisage would slow economic growth, and by how much.
While the range of possible combinations of eligibility and value is very wide, in practice, most proposals from civil society organisations and the government appear to favour a grant that would cost in the hundreds of billions of rands a year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crime statistics: South Africa is a dangerous country, especially for women and children - South Africa TodayIt is not only the increase in ordinary crimes that is alarming, but also the sharp rise in kidnappings, which points to a new and upsetting crime trend in South Africa. The latest police statistics paint a sombre picture of crime, which is clearly getting out of hand. The most notable is kidnappings, which have […]
Read more »
Monica Seeber | What is an author worth in South Africa | CitypressThe Copyright Amendment Bill, poorly conceptualised and drafted, and not backed by policy, has pitted authors and book publishers against educational institutions instead of weighing the rights of copyright owners against the interests of society and creating a balance between them.
Read more »
Update for grants in South Africa in JunePayments of the SASSA R350-a-month Special Relief of Distress grant will be resumed mid-June, says the Department of Social Development.
Read more »
New research shows why graduates can’t find work in South AfricaDespite decades of initiatives to encourage more youth employment and upskilling, the government has largely failed in its plans to absorb South Africans into the workforce.
Read more »
5 important things happening in South Africa todayStatistics South Africa responds to criticism over unemployment data. Regulatory and political uncertainty holds up South Africa’s cannabis market. The Gautrain Management Agency says that reliance on cars is unsustainable. The Reserve Bank sidesteps queries regarding the President’s alleged contravention of foreign exchange regulations.
Read more »