Godongwana rejects wealth tax as 'Dangerous Gamble'—warns of capital flight and economic fallout

Enoch Godongwana says NO to taxing South Africa's mega rich

Calls for a wealth tax in South Africa have intensified as the country grapples with widening inequality and pressing budget constraints. However, Finance Minister Enoch Godongwana has firmly rejected the idea, insisting that the country’s current income tax system remains the most efficient and sustainable way to generate revenue from the wealthy. Responding to a parliamentary question posed by MK party MP Sanele Mwali, Godongwana defended the …

Godongwana rejects wealth tax as 'Dangerous Gamble'—warns of capital flight and economic fallout

Godongwana says no to taxing the mega-rich

Calls for South Africa to introduce a wealth tax have intensified amid budget shortfalls and staggering inequality. But Finance Minister Enoch Godongwana has doubled down on income tax as the most efficient way to collect from the rich — arguing that it generates significantly more revenue, costs less to administer, and comes with fewer economic risks, as reported by Daily Investor. Responding to a Parliamentary question from MK Party MP Sanele …

SSP byelection candidate plans Parliamentary bill for 5% Wealth Tax » Scottish Socialist Party

Scottish Socialist Party by-election candidate Collette Bradley has pledged to lodge a parliamentary Bill levying a 5% wealth tax on all millionaires, as one of her first actions if elected to the Scottish parliament by the people of Hamilton, Larkhall and Stonehouse.Collette Bradley said: “I’ve been out on the streets with teams of SSP members speaking to local people, and our call for a 5% wealth tax on all millionaires has been massively popu…