FINANCING A UBIG ( INSTITUTE FOR ECONOMIC JUSTICE, SOUTH AFRICA, 2021)
The Institute for Economic Justice (IEJ) published a Policy Brief in March 2021 which explores the potential for a Universal Basic Income Guarantee (UBIG) in South Africa. The Brief covers the rationale, possible implementation models, potential costs, and financing options
DNA was contracted by the Institute for Economic Justice to analyse a range of financing options both in terms of their income generating potential and associated risks. The following options were analysed.
• Social Security Tax
• Selective removal of Medical Scheme Fees Tax Credit
• Selective removal of retirement fund contribution deduction
• Increasing the Dividend Tax rate
• Tax on resource rents 6. Higher VAT rate on luxury products
• Increasing the Estate Duty rate
• Increasing the Securities Transfer Tax rate
• Currency Transaction Tax
FINANCING A UBIG ( INSTITUTE FOR ECONOMIC JUSTICE, SOUTH AFRICA, 2021) Read More »