finweek

The great annual national tax parade

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Mike Schüssler, founder of Economists.co.za
Mike Schüssler, founder of Economists.co.za

Every year the fear of God is put into income taxpayers as accountants and other experts jostle for attention-grabbing headlines regarding personal tax increases. Managers and professionals all go to experts’ presentations on how to handle this coming tax increase. 

Yet every year the minister of finance gives “billions back in tax relief”, the Treasury spin machine tells us, and the media sees no irony in the contradictions. This has been going on for nearly a decade or so. 

In fact, in the last decade only one tax rate increase has taken place, while Treasury has only partly given personal taxpayers inflation relief. So the parades are all PR and marketing from all sides. 

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