Preliminary tax outcomes for 2019/2020, confirmed a steeper revenue shortfall than during the global financial crisis
02 April 2020 - 05:10SA’s recent downgrade to junk status combined with the effect of the coronavirus will have a"profound" effect on economic activity and ultimately future tax revenues, says commissioner for the SA Revenue Service Edward Kieswetter.
Kieswetter was speaking at the release of the preliminary tax outcomes for the 2019/2020 year, which confirmed a revenue shortfall larger than that experienced during the global financial crisis, underscoring the pressure on tax collections, even before Covid-19 or Friday’s downgrade by Moody’s Investors Service.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA banks cut deeper into junk by Fitch on virusThe credit ratings of South Africa’s five largest banks were downgraded deeper into junk territory by Fitch Ratings. busrep
Read more »
Australian billionaire turns to China for virus fight equipmentDoctors worry over insufficient personal protection
Read more »
Banks also come to the virus relief partyThe banking industry is today expected to keep its promise to help customers keep their heads above water.
Read more »
MARKET WRAP: JSE has worst month in almost 12 years amid virus worriesThe rand and JSE gained on Tuesday as better-than-expected Chinese PMI data lifted global markets
Read more »
How to tell if door-to-door field workers screening for virus are legitSeveral people on Tuesday turned to social media to express their concerns at government workers who would be knocking on their doors and screening them and their families for the coronavirus.
Read more »
Tent towns come to New York under siege of a virus scornedIconic sites are hastily being prepared for the surge expected after US overtakes China with most deaths
Read more »