VAT increase: DA calls for trimming the fat' instead
There is a way government can access an additional R112bn in revenue instead of increasing VAT by 1% to 15%, DA leader Mmusi Maimane said on Tuesday.
He spoke during a during a march to National Treasury in Tshwane to hand over a memorandum on behalf of the party.
The DA rejects the increase of VAT from 14% to 15% as announced in Budget 2018 and aimed at plugging an expected revenue shortfall of about R50bn.
According to my view VAT increase will actually have the biggest impact on poor South Africans, who spend by far the biggest part of their income on food and transport. The poorest will be poor more and the richest will be more rich. VAT must decrease to 14% as usual.
He spoke during a during a march to National Treasury in Tshwane to hand over a memorandum on behalf of the party.
The DA rejects the increase of VAT from 14% to 15% as announced in Budget 2018 and aimed at plugging an expected revenue shortfall of about R50bn.
According to my view VAT increase will actually have the biggest impact on poor South Africans, who spend by far the biggest part of their income on food and transport. The poorest will be poor more and the richest will be more rich. VAT must decrease to 14% as usual.
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