Budget 2008 - Deneys Reitz Tax Implication Summary

INTRODUCTION

The broad objectives of the 2008 tax proposals are:

* stimulating economic growth by reducing the tax rate on business and supporting
industrial incentives;
* protecting individuals from the effects of inflation;
* supporting measures to deal with the electricity supply crisis;
* increasing the social expenditure for the poor and unemployed;
* supporting business by reducing the cost of doing business.

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