Tax plans slated by economists
Jan 24, 2021
3 minutes
MANYANE MANYANE manyane.manyane@inl.co.za
AS THE government scuttles to find funds to cover the cost of a Covid-19 vaccine, its proposed plan of increasing taxes to foot the bill has been slated by economists.
Professor Chris Malikane, director of the Macro-Financial Analysis Group at the School of Economics and Business at Wits University, said the tax increase in a recession cannot be justified in both theory and policy.
“No well-trained economist would ever suggest raising taxes in a recession. It is the same as cutting
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