The Budget

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By Des Kruger

The Minister of Finance announced in his recent Budget Speech that a tax policy review was to be undertaken under the chairmanship of Judge Denise Davis (who was himself a member of the Katz Commission). While it is unclear if the Davis review will be as comprehensive as that undertaken by the Margo and Katz Commissions, it is hoped that this will be the case. There have been significant tax changes since the Katz Commission, many of them seemingly ad hoc, and it is to be welcomed that a holistic study will be undertaken to align those recent developments and to consider international best practice in regard thereto.