n Tax Breaks Newsletter - Nene's tax challenge : comment
|Article Title||Nene's tax challenge : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2015|
|Pages||1 - 2|
South Africa does not have the scope to increase corporate tax rates, a new survey suggests. Finance minister Nhlanhla Nene is under pressure to find ways to increase tax revenues to reduce South Africa's budget deficit and keep rating agencies at bay, but with economic growth now expected to reach a meagre 1.4% for 2014, any potential tax hikes would need to be implemented with care.
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