New tax proposed to improve broadcasting in South Africa
South Africa is proposing a new 1 percent tax to boost its national broadcaster the South African Broadcasting Corporation, according to Reuters Africa.
The new tax could double earnings, which were ZAR 822 million (US$109 million) in 2007 to 2008, all from license revenues.
Critics maintain that the new bill would cause a burden on taxpayers, who already faced a 45 percent increase in electricity costs this year.
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Reuters Africa has definitely
Reuters Africa has definitely made a good study for the tax proposal.That's really good to hear the proposal of 1 % tax to boost the national broadcaster. Definitely this new tax could double the earnings.The tax payer facing 45% increase in electricity cost will have a burden . Regards, Manisha Ghimire Tax Attorney from Nepal.
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