Silence on carbon tax may be broken

BD Live 21 February 2013.

THE complete silence on a carbon tax in South Africa since the announcement about five years ago that it would be introduced at R120 per ton of carbon dioxide in the 2013-14 tax year may lead to a further delay, even beyond 2016, tax experts at law firm Norton Rose said on Wednesday.

Andrew Wellsted, head of tax at Norton Rose, said that the company did not anticipate the introduction of any new taxes or changes to tax policy by Finance Minister Pravin Gordhan in his budget speech next Wednesday, given the announcement by President Jacob Zuma that a committee will be appointed this year to review the policy…

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