taxes

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Background

Local

Breakdown of Budget 2020

A proposal to cut the state's wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. "For the credibility of our fiscal stance, that R160 billion or so needs to be found," Mboweni told journalists at a pre-Budget briefing. The proposal will anger unions which have warned against wage cuts. Mboweni presented the Budget […]

today26 February 2020

International News

New Saudi taxes on tobacco and soft drinks spark anger

Saudi Arabia will start imposing new taxes on tobacco, sodas and other commodities at a rate that could reach as high as 100 percent, starting from 10 June, according to local media reports. The kingdom's official newspaper published the regulations of these taxes that will come into effect in a few days, including a 50 percent charge on soft drinks and 100 percent on tobacco and its derivatives, as well […]

today6 June 2017

International News

Donald Trump a ‘genius’ if he paid no taxes: advisors

Two of Donald Trump's senior advisors say allegations that the Republican candidate for US president avoided paying income tax for 18 years highlight his "genius" at using tax laws to his advantage. Chris Christie, a New Jersey Governor and head of Trump's presidential transition team, told Fox News on Sunday that the Republican candidate was good at figuring out how to circumvent tax laws. "There's no one who has shown […]

today3 October 2016

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