Treasury’s tax proposals risky and undemocratic

What you need to know:

  • National Treasury is under pressure to generate high revenues.
  • Designing a highly ambitious budget like this year’s is understandable.

The new tax proposals submitted to Parliament for debate require thorough scrutiny. Treasury Cabinet Secretary Ukur Yatani is seeking to amend Finance Act 2021 to get powers to set Value Added Tax (VAT) without recourse to Parliament. This is risky and undemocratic.


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