South Africa's tax base has significantly shrunk, a worrying trend impacting government revenue. The drop is across various tax categories, including income tax and VAT, potentially leading to budget shortfalls and hindering development initiatives. The article highlights the need for investigation into the causes of the shrinking tax base, including factors like informal economies, tax evasion, and the overall economic climate. Experts suggest tax policies need review to address the root causes and improve revenue collection.
[Short read] South Africa's Tax Base Shrinks Raising Concerns
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