Ian Davidson Quotes (5 Quotes)

In this case all that has been achieved is that the state has influenced an investment decision in the directions of stocks and bonds rather than property.

Obviously, we welcome the handouts given by the minister, particularly as far as income tax is concerned and also as far as the tax and retirement funds are concerned. I think what the budget did miss firstly in respect to creating incentives for the private sector to actually come and invest in this country. There was nothing and here I refer specifically to rates of corporate taxation. There was no direct incentive to the private sector to employ people.

The actions of a small minority in operating slush funds and operating secret loans have overshadowed the work of many who are trying to clean the party up.

A projection forward, with expenditure remaining at budgeted levels, could well result in a revenue overrun of 20 billion rand for the year. This will allow the government plenty of room for tax cuts and a further increase in infrastructural spending.

Instead of the present ad hoc adjustments to the tax rate we ... call for government to provide greater certainty to the market regarding its fiscal regime by committing itself to a target corporate tax rate in the region of 25 to be implemented within a fixed time frame. This would provide an immediate boost to investment and therefore jobs.