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Opposition political parties and civil society organizations calling for a reduction in the fuel tax are only politicizing, as this will leave a hole in the taxpayer, economists said Tuesday
. The Freedom Movement, which includes the DA, the Freedom Front Plus, and the Organization to Abuse Tax Abuse (Outa), protested to the Treasury. in Pretoria, Tuesday, calling for a reduction in R1 of the fuel tax and the road accident tax.
The price of fuel recently reached record highs, when the domestic price of gasoline rose to R16 per liter. The Freedom Movement has also called for an urgent debate in Parliament on the structure of the Road Accident Fund and the fuel tax.
He also requested that the Road Accident Fund be placed under independent administration. The ANC also raised its concern about the price of fuel.
Jammine said that the money had to come from somewhere. "If it's not through the fuel tax, it will require a higher VAT rate, and if it's not by a higher VAT rate, it would require taxes on higher income.This should be done by means of a wealth tax, and if it is not by a wealth tax, it would require a higher corporate tax rate , which would be counterproductive. "
Chris Malikane, associate professor of economics fuel price at the base should be revised, and coal as well as Sasol, which was formed to protect the SA from these increases, should be nationalized.
Dawie Roodt, chief economist of the Efficient Group, said that SA was already in a debt trap and a reduced tax on fuel, this would worsen the situation.
39, called "politics and games." The economist Thabi Leoka said: "The levies on the fuels contribute significantly to the taxpayer, so if we eliminate them or even remove R1, it will leave a hole in the tax system. "
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