The introduction of a gambling tax in South Africa: What are the odds on the implementation thereof?
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | The introduction of a gambling tax in South Africa: What are the odds on the implementation thereof? | |
| Creator | Segal, Milton Maroun, Warren | |
| Description | The South African Revenue Service has been exploring the possibility of implementing a form of taxation on gambling winnings since the Minister of Finance’s Budget Speech in 2010. On a superficial level it seems a logical mechanism for broadening the tax base – a case of increasing the tax collected from those who can afford the luxury of gambling. There are, however, a number of unintended consequences that government does not seem to have considered. As a result, this article uses a detailed content analysis of the prior academic and professional tax literature to explore possible weaknesses/flaws of a tax on gambling winnings in South Africa. These include the administrative burden of such a tax, certain economic consequences of allowing gambling losses as a tax deduction and the possible social consequences thereof. These findings mean that the article provides a meaningful contribution by critically assessing the proposed tax with the aim of informing policy development and future quantitative studies on a tax on gambling winnings. | |
| Publisher | AOSIS | |
| Date | 2014-07-31 | |
| Identifier | 10.4102/jef.v7i2.145 | |
| Source | Journal of Economic and Financial Sciences; Vol 7, No 2 (2014); 361-374 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/145/141
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