scholarly journals The political economy of capital gains taxation in South Africa - Part I: The public finance of capital gains taxation

2001 ◽  
Vol 4 (1) ◽  
pp. 1-25
Author(s):  
Zane A. Spindler
Keyword(s):  
Public Finance ◽  
South Africa ◽  
Political Economy ◽  
Public Choice ◽  
Income Tax ◽  
Capital Gains ◽  
The Political ◽  
Capital Gains Tax ◽  
Tax System ◽  
The Public

Public Finance and Public Choice principles are used to analyze the ideological and practical basis for the proposed introduction of a Capital Gains Tax into the income tax system of South Africa. The paper concludes that this is a flawed tax whose time has passed - especially for countries like South Africa.

scholarly journals The political economy of capital gains taxation in South Africa - Part II: The public choice of capital gains taxation and public policy

2001 ◽  
Vol 4 (2) ◽  
pp. 234-253
Author(s):  
Zane A. Spindler
Keyword(s):  
Public Finance ◽  
South Africa ◽  
Public Policy ◽  
Public Choice ◽  
Income Tax ◽  
Capital Gains ◽  
The Political ◽  
Capital Gains Tax ◽  
Tax System ◽  
The Public

Public Finance and Public Choice principles are used to analyze the ideological and practical basis for the proposed introduction of a Capital Gains Tax into the income tax system of South Africa. The paper concludes that this is a flawed tax whose time has passed - especially for countries like South Africa.

scholarly journals The Political Economy of Redistribution Policy

2019 ◽  
pp. 519-541
Author(s):  
Luna Bellani ◽  
Heinrich Ursprung
Keyword(s):  
Political Economy ◽  
Public Choice ◽  
Political Institutions ◽  
The Political ◽  
Economic Relationships ◽  
The Public ◽  
Generic Models ◽  
Redistribution Policy ◽  
Choice Analysis ◽  
Beliefs And Attitudes

The authors review the literature on the public-choice analysis of redistribution policies. They restrict the discussion to redistribution in democracies and focus on policies that are pursued with the sole objective of redistributing initial endowments. Since generic models of redistribution in democracies lack equilibria, one needs to introduce structure-inducing rules to arrive at a models whose behavior realistically portrays observed redistribution patterns. These rules may relate to the economic relationships, political institutions, or to firmly established preferences, beliefs, and attitudes of voters. The chapter surveys the respective lines of argument in turn and then present the related empirical evidence.

On James Buchanan's Public Choice Enterprise

2013 ◽  
Vol 31 (1) ◽  
pp. 61-75
Author(s):  
Francesco Forte
Keyword(s):  
Public Finance ◽  
Political Economy ◽  
Public Choice ◽  
The Political ◽  
James Buchanan ◽  
Classical Sense ◽  
Gordon Tullock ◽  
Natural Progression ◽  
Directed Research ◽  
The University

Abstract James Buchanan came to Italy in 1955 as Fulbright visiting professor until July 1956 and made his research at the library of the Bank of Italy. He visited the University of Pavia, a quite famous center for public finance studies, still directed by Benvenuto Griziotti. On that occasion I became acquainted with professor Buchanan and our longlasting friendship started soon. On his itinerary from the political economy perspective to public choice that James Buchanan did undertake, after the Italian 1955-56 visit, he has written: «After Italy I was prepared, intellectually, psychologically and emotionally to join in an entrepreneurial venture with my Virginia colleague Warren Nutter, a venture aimed at bringing renewed emphasis to ‘political economy’ in a classical sense. And from these beginnings, the more directed research spin-off into the ‘economics of politics’ initiated jointly with my colleague Gordon Tullock, now seems a natural progression»

scholarly journals Capital gains tax in South Africa: Perceptions of fairness?

2014 ◽  
Vol 17 (2) ◽  
pp. 124-139 ◽  
Author(s):  
Warren Maroun ◽  
David Coldwell ◽  
Magda Turner
Keyword(s):  
South Africa ◽  
Transition To Democracy ◽  
Capital Gains ◽  
Political Elite ◽  
Regulatory Change ◽  
Capital Gains Tax ◽  
Perceived Fairness ◽  
The Public ◽  
Perceptions Of Fairness ◽  
Self Interest

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.

Structure and Coherence in the Political Economy of Public Finance

2009 ◽  
Author(s):  
Stanley L. Winer ◽  
Walter Hettich
Keyword(s):  
Public Finance ◽  
Political Economy ◽  
Public Sector ◽  
Median Voter ◽  
Collective Choice ◽  
Voter Model ◽  
The Political ◽  
The Public ◽  
Median Voter Model ◽  
Key Issues

The article provides an outline of the economics of the public sector and of its structure when collective choice is regarded as an essential component of the analysis. It identifies the key issues that must be faced by political scientists and economists who insist that collective institutions cannot be ignored in research on taxation and public budgets. It also reviews various alternatives to the median voter model; these alternatives are frameworks that interpret public policies as equilibrium outcomes in a multidimensional setting.

scholarly journals Exploring the South African tax consequences of a residential property lottery

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Silke De Lange ◽  
Danielle Van Wyk
Keyword(s):  
South Africa ◽  
South African ◽  
Income Tax ◽  
Capital Gains ◽  
Residential Property ◽  
Research Approach ◽  
Exploratory Research ◽  
Capital Gains Tax ◽  
The South ◽  
Residential Properties

Background: Disposing of a residential property by way of a lottery sounds peculiar, but a number of these transactions relating to residential properties in South Africa have recently taken place. As this is not an ordinary way of disposing of and acquiring residential property, it is submitted that it is necessary to explore the tax consequences resulting from such a transaction. Aim: The objective of this article is to explore some of the most pertinent South African tax consequences of such a residential property lottery transaction, from the viewpoint of the owner (‘seller’) who disposes of the residential property and the winner (‘purchaser’) who acquires the residential property in terms of the lottery. Setting: This article examines existing literature in a South African income tax environment to explore the tax consequences resulting from a disposal and acquisition of residential property by way of a lottery. Methods: A non-empirical study, which entails the study of the various South African tax provisions and an application thereof to the facts of the lottery transaction, was conducted. A doctrinal research approach was followed within the realm of exploratory research. Results: Disposing of and acquiring residential property by way of a lottery results in a number of actual tax consequences, as well as a number of uncertainties regarding taxes (referred to as uncertain considerations). Conclusion: The conclusion is reached that the possible tax consequences of such a transaction can create tax risks or can result in unintended tax consequences relating to inter alia income tax (including capital gains tax), transfer duty and donations tax. The insights provided in this article do not always result in conclusive answers but they may, however, result in further research to be conducted, and a number of such areas for further research were identified. Should residential property lottery transactions occur more frequently in South Africa in future, it is recommended that the South African Revenue Services (SARS) issues clear guidance on the tax treatment from the perspective of the owner and the winner of such a transaction to ensure that any uncertainties are dealt with correctly.

Sign in / Sign up

Export Citation Format

Share Document