Telekom Romania Mobile Communications S A announces changes in the leadership team nineoclock.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nineoclock.ro Daily Mail and Mail on Sunday newspapers.
âHorrible and incompetentâ: Economists slam governmentâs plan to increase tax
By Manyane Manyane
Share
Johannesburg - As the government scuttles to find funds to cover the cost of a Covid-19 vaccine, its proposed plan of increasing taxes to foot the bill has been slated by economists.
Professor Chris Malikane, director of the Macro-Financial Analysis Group at the School of Economics and Business at Wits University, said the tax increase in a recession cannot be justified in both theory and policy.
âNo well-trained economist would ever suggest raising taxes in a recession. It is the same as cutting spending in a recession, it is as horrible as it is incompetent. Any student of economics would be horrified by this proposal. Raising tax rates when incomes and unemployment are rising? I am to say it is just bad,â said Malikane.