Tag: government revenue
Sin tax on gambling won’t work
We cannot tax our society into behaving better. No matter how much we would like to believe otherwise, it remains ineffective. Behaviour-adjusting taxes, like sin taxes on alcohol and cigarettes, have failed to curb excessive smoking or drinking. The sugar tax has placed a heavier financial burden on the working class. However, it has not achieved its intended behavioural change.
Excise taxes on beer – balancing revenue and health
Excise taxes on beer have become a contentious issue, raising concerns about their impact on consumers, producers, and the economy. Adjusting tax policies can be challenging, though some amendments are more accepted than others.
The revised final Public Interest Guidelines – a merger analysis
The South African Competition Commission has published its final revised Public Interest Guidelines relating to merger control. The guidelines serve to clarify the commission’s stance on public interest factors as set out in the Competition Act 89 of 1998 (as amended).
Tax Freedom Day 2023
Estimated Tax Freedom Day (TFD) – the day after the country has earned enough money to pay for government – will be on May 14 this year. That is 2 days later than last year’s prediction. The prediction is based on the intended level of tax collection for central government mentioned in the Budget Speech.
