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Cape Town - In response to Finance Minister Pravin Gordhan's invitation for South Africans to share what they would like to see in the budget, Fin24 user Steven Gildenhuys suggests that maybe it should be called 'prayers' instead of pointers for Pravin.
He writes:
We need to create jobs and it would also be good if we could get some of the more affluent people in this country to share some of their good fortune. In the meantime we also have the middle class, who are being taxed to the hilt and literally cannot part with any more money. The social grant system is also abused by many who are not entitled to grants as they already have work.
So my suggestion is as follows:
Provide tax relief for private individuals who employ staff on a permanent basis under some conditions:
1. The payment, which should be above a certain threshold, should be made into the worker's bank account.
2. The bank account should be linked to UIF data and the social grant system; this should be used to ensure that the worker does not claim any undue grants.
3. The employer should agree to expose their bank accounts to the South African Revenue Service (SARS) for auditing purposes, in order to prevent fraudulent tax rebates.
4. The rebate should be done on a “one worker, one rebate” basis (a single worker may not have more than one rebate claimant).
We should see the following benefits from this:
1. The middle class would be in a position to employ some additional people – thereby reducing the unemployment numbers.
2. The social grant system would get some relief.
3. There would be increased/improved social interaction.
4. We could use this to ensure that the workers are living and employed legally in the country.
5. I could have ironed shirts for tomorrow.
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Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent the views of Fin24.
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