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Tough decisions for Gordhan on certain taxes

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The Chairperson of the Davis Tax Committee Judge Dennis Davis says it will be difficult for Finance Minister Pravin Gordhan to raise certain taxes.

Gordhan will deliver his annual budget speech in Parliament on Wednesday.

He says he does not foresee an increase in either VAT or corporate tax in the current political climate.

Davis says, “We’ve now got Donald Trump threatening a corporate tax that is very low and an 18% tax was announced in the UK. That makes it difficult for large corporations to funnel their money to the UK through a double tax treaty and you really caught short with your 28 %.”

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