E-Learning with Prof. Matthew Lester

Budget Warmup Cocktail

It’s that time of year when everyone is speculating on what will happen on the National 2017/18 National Budget Speech.

I do hope those who predict a Vat increase are as bonkers as I think they are. If that happens the Unions have promised action on a scale that will make the #FeesMustFall protests look like a Sunday afternoon bring and braai.Yes, a VAT increase is the quickest ticket for Finance Minister Pravin Gordhan’s admission to the shady pines retirement village.

And in the world post-Brexit and Donald Trump increasing corporate taxes will just leave SA out in the cold.

So National Treasury has to find R28 billion from the personal taxpayer and a range of smaller taxes.

Have a look at the prospects in the video. But beware, it is sponsored by Imodium. I call it: “Pravin Gordan’s lethal cocktail.”
Pravin Gordan’s Lethal Cocktail

And if you still want to score a tax deduction in your 2017 have a look at:
Tax Double Dip

Regards,
Professor Matthew Lester
Rhodes University