Trade federation Cosatu has called for the introduction of more wealth taxes as a means of reducing inequality across South Africa.<\/p>\n
In a 10-page document – which also outlines proposals for the use of public pensions to assist Eskom – the federation said that the country’s tax regime must be made more progressive and additional sources of revenue generated.<\/p>\n
‘This must include ensuring the rich pay their fair share, the burden be shifted away from the increasing levels of taxation upon workers and the redistribution of wealth,” it said.<\/p>\n
In addition to clamping down on high profile tax evasion cases and reducing tax loopholes, Cosatu said that the wealthy should pay increases for the following taxes:<\/p>\n
Cosatu said that government should also provide tax relief for the poor by increasing the allocation of free electricity and water for indigent households.<\/p>\n
The federation said that this should be done by introducing a progressive sliding water and electricity tariffs based upon property value and excessive consumption.<\/p>\n
To aid with revenue collection, Cosatu said that additional interventions are also needed at the South African Revenue Services (SARS).<\/p>\n
It said that these interventions should include:<\/p>\n
You can read the full proposal document below:<\/p>\n
Cosatu Economic Intervention Proposals<\/a> by BusinessTech<\/a> on Scribd<\/p>\n