Acting SARS Commissioner Mark Kingon has given MPs a list of issues which must be addressed in order to turn around the revenue service.
The Davis Tax Committee says poor and middle class people should be protected from having to pay a wealth tax, and that more needs to be done to strengthen the estate duty system.
It makes sense to reform and stimulate the economy to create growth rather than create negative sentiment by overburdening the wealthy and foreign investors, cautions an expert.
The Davis Tax Committee has recommended that Treasury keep the existing fiscal regime for oil and gas as it is well-established and efficient.
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