I wonder where informal sector workers, such as those who have marketed the party’s purplecow.mobi website, fit into the radical tax change proposed by the new Capitalist Party of South Africa, the ZACP?
Would John, and some of the millions of informal, below-the-radar workers, be able to score from such a tax? As the video explains, up to a certain level of income, the government pays you a percentage — the tax rate — of the difference between your earnings and that income level. Above the income level, you pay income tax at the same rate.
If an employer received a dispensation to employ someone for less than the legislated minimum wage, say R2,000, she would get in total R4,250, a welcome boost — except that it is not certain informal sector workers would be able to benefit from a scheme that relies on formality. Another problem would be the sheer cost. Just taking the latest number of unemployed and discouraged work seekers, nine million, who by definition have no income, I calculate the cost of the Negative Income Tax to be around R360-billion, almost double the present amount spent on all grants of around R163-billion.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Unemployment too high for it to be viable 😕
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
BUSINESS MAVERICK OP-ED: Business schools are SA’s natural partner in the Fourth Industrial RevolutionSouth Africa is playing catch-up, and while it might aspire to become a leading light in the evolving global developments, realistically, the Presidential Commission on the Fourth Industrial Revolution has set its sights on achieving competitiveness and the need for inclusive growth. No
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »
Business Maverick: Jumia’s billion-dollar NYSE listing comes amid both good and worrying signsLater in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment?
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »
More Burger King outlets are planned - GPI | IOL Business ReportGrand Parade Investments (GPI) GPI focused on beefing-up the profitability of its ailing Burger King restaurants in the six months to December.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »
BUSINESS MAVERICK: Rating agencies are likely looking for changes larger than South Africa’s political system can deliverThe language of rating agencies is often obscure; publicly Moody’s talks about ‘persistent structural challenges’ and the risk of ‘fiscal slippages in the face of both slower growth and increasing political pressures’. What this means is that they are looking for some substantial and fast policy changes, probably larger than SA’s political system can manage.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »
BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger everMining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining executives need to be a different kind of CEO. So what makes a good mining executive? Dig in...
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »
MAVERICK BUSINESS: Capitalism’s elusive magic number: A prevailing real interest rate that kills two birds with one stoneToday’s free marketeers attribute the failure of inflation to rise, despite wage growth and low unemployment, to a new normal — a new “natural” inflation rate. With their Panglossian blinders, whatever they observe is assumed to be the most natural outcome in the most natural of all possible economic systems..
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »