TAX increases are on the cards for next year as government takes steps to address its funding shortfall. Government is looking to raise an additional R44bn in taxes over the next three years, Treasury announced in the medium-term budget policy statement tabled in Parliament on Wednesday. The gross tax revenue shortfall of R61bn over three years — R10bn lower this year — relative to forecasts is due to slower than expected economic growth. It will also require government to tighten its belt…..1 2 3 4