According to a report by Treasury and the SA Revenue Service, total tax revenue collections for 2020/21 declined by 7.8% to just less than R1.25-trillion from about R1.35-trillion collected in the previous year. Luba Lesolle/Gallo Images VOICESWith discussions on imposing a wealth tax being rife in preceding years, policymakers are turning to the SA Revenue Service (Sars) to look into the feasibility of this new proposed tax to bridge the ‘widest wealth gap in the world’.The wealth tax was tabled this past weekend during the ANC national policy conference as the preferred option to fund the basic income grant.
