south africa raises income-tax rate

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    Business South Africa Raises Income-Tax Rate To 45% For Wealthiest Individuals

    South African government has raised income tax of richest individuals in the country by 45 per cent. Finance Minister Pravin Gordhan said the new tax rate will help plug a revenue shortfall as economic growth falters. The top marginal income-tax rate for about 103,000 people earning more than...
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