National Treasury has managed to increase taxes by doing … well, nothing
ONE OF former British prime minister Sir Winston Churchill’s most famous wartime sayings was on 20 August 1940, when he stood up in the British Parliament and said that “Never in the field of human conflict was so much owed by so many to so few”.
With sincerest apologies to Mr Churchill, and with no intention of belittling the effort and sacrifice of those who served during World War 2, a similar saying can be attributed to the team at National Treasury who put together this year’s Budget.
For never in the field of national budget has so much tax been raised by doing so little….