Capital gains tax in South Africa: Perceptions of fairness?
Regulatory developments are often presented as being in the public interest but recent studies on corporate governance have suggested otherwise. In some cases, regulatory change is driven more by the self-interest of the political elite than by the need for substantive reform. This paper adds to thi...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AOSIS
2014-03-01
|
| Series: | South African Journal of Economic and Management Sciences |
| Online Access: | https://sajems.org/index.php/sajems/article/view/409 |
| _version_ | 1811344635436466176 |
|---|---|
| author | Warren Maroun David Coldwell Magda Turner |
| author_facet | Warren Maroun David Coldwell Magda Turner |
| author_sort | Warren Maroun |
| collection | DOAJ |
| description | Regulatory developments are often presented as being in the public interest but recent studies on corporate governance have suggested otherwise. In some cases, regulatory change is driven more by the self-interest of the political elite than by the need for substantive reform. This paper adds to this debate by considering whether capital gains tax (CGT) in South Africa is an example of a genuine attempt to improve the perceived fairness of the tax system or whether perceptions of fairness are being used simply to further political agendas. The paper concludes that the latter may be the case. South Africa is used as a case study because of the fairly recent introduction of CGT, as an example of a material amendment to tax policy, and because of the country’s fairly recent transition to democracy. |
| first_indexed | 2024-04-13T19:51:06Z |
| format | Article |
| id | doaj.art-7b92fe57ef1e4ef4936c03f677355fdb |
| institution | Directory Open Access Journal |
| issn | 1015-8812 2222-3436 |
| language | English |
| last_indexed | 2024-04-13T19:51:06Z |
| publishDate | 2014-03-01 |
| publisher | AOSIS |
| record_format | Article |
| series | South African Journal of Economic and Management Sciences |
| spelling | doaj.art-7b92fe57ef1e4ef4936c03f677355fdb2022-12-22T02:32:32ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34362014-03-0117212413910.4102/sajems.v17i2.409260Capital gains tax in South Africa: Perceptions of fairness?Warren Maroun0David Coldwell1Magda Turner2University of the WitwatersrandUniversity of the WitwatersrandUniversity of the WitwatersrandRegulatory developments are often presented as being in the public interest but recent studies on corporate governance have suggested otherwise. In some cases, regulatory change is driven more by the self-interest of the political elite than by the need for substantive reform. This paper adds to this debate by considering whether capital gains tax (CGT) in South Africa is an example of a genuine attempt to improve the perceived fairness of the tax system or whether perceptions of fairness are being used simply to further political agendas. The paper concludes that the latter may be the case. South Africa is used as a case study because of the fairly recent introduction of CGT, as an example of a material amendment to tax policy, and because of the country’s fairly recent transition to democracy.https://sajems.org/index.php/sajems/article/view/409 |
| spellingShingle | Warren Maroun David Coldwell Magda Turner Capital gains tax in South Africa: Perceptions of fairness? South African Journal of Economic and Management Sciences |
| title | Capital gains tax in South Africa: Perceptions of fairness? |
| title_full | Capital gains tax in South Africa: Perceptions of fairness? |
| title_fullStr | Capital gains tax in South Africa: Perceptions of fairness? |
| title_full_unstemmed | Capital gains tax in South Africa: Perceptions of fairness? |
| title_short | Capital gains tax in South Africa: Perceptions of fairness? |
| title_sort | capital gains tax in south africa perceptions of fairness |
| url | https://sajems.org/index.php/sajems/article/view/409 |
| work_keys_str_mv | AT warrenmaroun capitalgainstaxinsouthafricaperceptionsoffairness AT davidcoldwell capitalgainstaxinsouthafricaperceptionsoffairness AT magdaturner capitalgainstaxinsouthafricaperceptionsoffairness |