Tax Working Group should beware of unforeseen consequences
Opinion: A move to reduce the tax deductibility of interest costs will materially increase the cost of capital.
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Earnings
As noted in a previous column, "Lies, damn lies and statistics," the Tax Working Group (TWG) has been tasked with widening the tax base and, in particular, taking the pressure off PAYE and GST, which together account for about 71% of total revenue.
The TWG has also floated the idea that it
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Tax Working Group should beware of unforeseen consequences
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