n Tax Breaks Newsletter - Wealthy? Brace yourself! : mini-budget 2014/15
|Article Title||Wealthy? Brace yourself! : mini-budget 2014/15|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2014|
|Pages||1 - 2|
Government's efforts to reduce the widening budget deficit could mean that wealthy individuals would have to pay more tax. The medium-term budget policy statement (MTBPS, also known as the 'mini-Budget') projects a budget deficit of 4.1% of gross domestic product (GDP) for 2014/15 (February projection: -4%) and for the deficit to narrow to 2.5% by 2017/18.
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