Description
Book SynopsisSouth Africa, like many countries in Africa, is resource rich but the benefits are not shared by the whole population. High levels of unem-ployment are leading to increasing conflict and violence, undermining the brighter future hoped for when apartheid was abolished.
Trade Review"Lateral ideas on tax raising to generate social justice for all South Africans whilst maintaining international investor confidence" Peter Hain // "The concept of community-created natural resource rentals as described ... does much to stimulate the basis for an expectation for finding and unleashing forces that could give rise to economic regenera-tion." Alex Anderson, Chairman of MIS Holdings // "This is an innovative proposal on taxation that simultaneously addresses the issues of equity, growth, job creation and tax efficiency. It goes beyond the theory and outlines practical steps that can be taken to a different taxation regime ..." JP Landman, Economic Advisor, Accelerated and Shared Growth Initiative for South Africa// "... abounds with new ideas ... they must be debated, for only in this manner can a solution to the crisis be found." Dr Thami Mazwai, University of Johannesburg // "[The authors] challenge us to totally rethink the nature of taxation." Kennedy Maxwell, past President, Chamber of Mines of South Africa // "For a country in search of inspiration, here's an idea that deserves a decent airing." Ciaran Ryan, Moneyweb // "A valuable contribution filled with sensible commentary that is well supported and well evidenced." Dr Adrian Saville, Chief Investment Officer, Cannon Asset Managers
Table of ContentsList of Figures; List of Tables; Acknowledgements; Foreword by Nobantu Mbeki; Preface: Collecting the resource rentals that belong to the people of South Africa; 1 Taxes, Please, or Else!; 2 Adam Smith, Godfather of Modern Taxation; 3 The Magic of Rental Collection and Tyranny of Taxation; 4 Problems and Precedents; 5 The Tangled Tentacles of Tyranny Revealed: Unpacking the Tax Burden; 6 Rental Collection: General; 7 Rental Collection: Special Cases; 8 Rental Collection: Mineral Resources; 9 Mining; 10 Legacy Rentiers, Luxuries and Polluters; 11 Commercial Agriculture; 12 Rural Areas; 13 Urban Areas; 14 Resource Rentals Budget for South Africa; 15 What About Me?; 16 Our Credit; 17 Why South Africa?; Appendix: Farm Land Values 2005-2006; Abbreviations; Bibliography; Glossary of Terms Used; Index
