WEALTH CREATION: Equal pay but unequal taxes – SA women are being taxed more.
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South Africa’s working women have made progress in achieving equal pay for equal work, but the financial scales are tipped against them by the country’s tax system that treats women and men equally, but with unequal results.
Applying affirmative action to tax laws, to redress the disproportionate impact of VAT and personal income tax on women, especially single mothers, would support South Africa’s goal of inclusive economic growth and encourage greater labour force participation and entrepreneurship by women, says Dr Lee-Ann Steenkamp, head of the Postgraduate Diploma in Financial Planning at Stellenbosch Business School and contributor of the 2022 Women’s Report released today (1 August).
Applying affirmative action to tax laws, to redress the disproportionate impact of VAT and personal income tax on women, especially single mothers, would support South Africa’s goal of inclusive economic growth and encourage greater labour force participation and entrepreneurship by women, says Dr Lee-Ann Steenkamp, head of the Postgraduate Diploma in Financial Planning at Stellenbosch Business School and contributor of the 2022 Women’s Report released today (1 August).
