Skip to main content

Potential South African Tax Increase

There is a new proposed tax increase for South Africans.  The rampant government spending in South Africa is forcing the government to increase their taxes while the effectiveness is remaining the same.  This increase is going to put increased pressure on a already poor country, in which 1% of the population pays 60% of the total taxes.  This increase is going to put more people out jobs and casue significant decreases in wages and investment.
For more information follow the link
https://businesstech.co.za/news/finance/214459/this-proposed-tax-increase-could-spell-big-trouble-for-south-africa/

Comments

  1. Mary SpaethDecember 22, 2017 at 1:05 PM

    Taxation in countries with HUGE 'informal' economies is a challenging concept!

    ReplyDelete

Post a Comment

Popular posts from this blog

Welcome to the BRICS blog.  Here you will find blogs about important international business headlines from the BRICS nations of Brazil, Russia, India, China, and South Africa. Blog founding creators and authors Jack Kolar Michael Kundert Joshua Hoewisch Spencer Boerboom
5 comments
Read more

India: Balancing China and balance of power in Asia

China has been one of the largest economies in the world and the largest emerging economy in Asia.  However, India is living in the shadow of China's economy and stratagizing how they can come out of China's shadow and balance out the power in Asia.  India has six different options to balance the power between them and China: staying unaligned, hedging, building an indigenous military power, forming regional partnerships, aligning with China or aligning with United States.  If India were to align with the US they could counter China's power and if  they go the regional and domestic route they could compliment China's power.  China poses many threats to India such as a far stronger military force, their influence in new and established organizations like the UN, China's alignment with Pakistan and other south Asian countries and China's economic power that allows them to spread their influence.  Rajagopalan, R. (n.d.). India's Strategic Choices: China and ...
5 comments
Read more

BRICS Nations Face Challenges as a Bloc at the 2016 Summit

At the 2016 summit the BRICS nations economies have been experiencing a down turn, so naturally their main focus at the summit was to boost trade and between their nations which make up almost half of the world population.   Brazil is one of the most important countries in South America, so their economic recovery is crucial to the entire economic status of South America.  The other countries rely on Brazil for their oil soy and other such commodities which have dropped.  They are also looking to boost their IT, pharmaceutical, energy, sanitation and important farming industries.   In the recent years tensions between the U.S. and Russia has caused the Russian economy to decline, especially with the U.S. sanctions on oil.  Russia has made very close relations with China due to this and will only advocate on issues for them.  Russia has also been looking to expand nuclear ties in India and also discuss the situation in Syria and Afghanista...
4 comments
Read more