Pay as little tax as possible
- South Africans should minimise their tax burden as much as possible to give politicians less money to spend and protect their wealth.
- South Africa's tax revenue is 30% of GDP, which is far higher than that of its peers and some developed economies, and the country's tax base is vulnerable to external shocks and is at breaking point.
- Roodt is advising individuals to use legal channels such as investing in tax-free investment accounts and retirement annuities, and taking money offshore to reduce their tax burden, but warns that a full-on tax revolt would be catastrophic.
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