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Speculation on Wealth Tax Could Contribute to Further Emigration of South Africa s Wealthy News provided by Share this article Share this article LONDON, April 28, 2021 /PRNewswire/ As many countries attempt to recover from the economic fallout of the pandemic, the introduction of a wealth tax has become an increasingly popular solution to tackle this. While some experts have concluded that a wealth tax could be a short-term tool to raise revenue, many others have also highlighted the concerns attached to the taxation. South Africa has become the latest country rumoured to introduce a wealth tax with a recent study by the World Inequality Lab demonstrating that the tax could generate up to 160 billion rand ($10.7 billion dollars). Similarly, experts at the University of the Witwatersrand in Johannesburg have suggested establishing a progressive wealth tax for those earning above 3.6 million rand which accounts for 354,000 high-earners in the country. While there have been no

South africaCity ofUnited kingdomSouth africanSouth africansMicha emmettWorld inequality labInvestment programmeUniversity of the witwatersrandAfrican revenue serviceBudget speechSouth african revenue serviceNew world wealthநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்மைக்கா எமெட்