The Nelson Mandela Bay Business Chamber has reviewed the Nelson Mandela Bay Municipality's application for a Local Business Tax to fund economic infrastructure and services, as presented on 21 November 2011. The Business Chamber rejects the proposed Local Business Tax, believing that the argument in its favour is flawed. In a letter presented to Chief Financial Officer Kevin Jacoby today, the Nelson Mandela Bay Business Chamber outlines its opposition to the tax, citing a need for the … [Read more...] about Business Chamber Opposed to Local Business Tax
local business tax
This Could be the Truth About the Proposed Local Business Tax
I continue to fail to come up with a positive spin to the proposed Local Business Tax being mooted by SALGA and several city governments, who intend to submit applications (in terms of the MFPFA of 2007) to the Minister of Finance for the introduction of a new original revenue source for local governments. For days now I have failed in my hope to "fall into the light" and see my way clear to come out and say that the introduction of LBT would be a good thing. The reasons put forward for … [Read more...] about This Could be the Truth About the Proposed Local Business Tax
