Abolition of Income Tax and Usury Party
{{Use dmy dates|date=April 2022}}
{{More citations needed|date=October 2015}}
{{Infobox political party
| name = Abolition of Income Tax and Usury Party
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| logo = Abolition of Income Tax and Usury Party logo.svg
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| leader = Stephen Goodson
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| slogan = Progress and Prosperity
| founded = {{Start date|1994}}
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| headquarters = Pringle Bay
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| ideology = Anti-Tax
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| website = {{URL|www.aitup.org.za}}
| country = South Africa
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The Abolition of Income Tax and Usury Party was a South African political party founded in 1994.
Objectives
Its principal objective was monetary reform, which it wished to achieve by the establishment of a state bank, which would issue all South Africans credit free of interest. This would, the party believed, enable the abolition of personal income tax, a reduction in value added tax (15%) and a substantial expansion of social upliftment programmes.
Commercial banks and private banks, which currently provide the nation's money supply at interest by means of fractional reserves, would become full reserve banks.{{cite web|url=http://www.aitup.org.za/ |title=Abolition of Income Tax and Usury Party |access-date=2012-04-13 |url-status=dead |archive-url=https://web.archive.org/web/20120117094722/http://www.aitup.org.za/ |archive-date=2012-01-17 }} The party has, unsuccessfully, contested one national and three local government elections.
Election results
= National elections =
{{election table}}
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!Election
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| 1999
| align="right" | 10,611
| align="right" | 0.07
| align="right" | 0
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Stephen Goodson
The party's former leader, Stephen Goodson, who has since co-founded the Ubuntu Party, is a former director of the South African Reserve Bank (2003–12).{{cite web|url=http://www.resbank.co.za|title=Welcome to the South African Reserve Bank - South African Reserve Bank|website=www.resbank.co.za}} Goodson has stated that the Holocaust was “a huge lie” as "the principle is to extract enormous sums of money from the Germans as compensation", blaming international bankers. Goodson authored a book titled Bonaparte & Hitler Versus the International Bankers where he maintained World War II was provoked by the economic success of Germany, and he has also criticised the political actions of Jewish bankers which were posted on anti-Semitic websites.{{cite web|url=http://www.israelnationalnews.com/News/News.aspx/155036#.UONVO28zPHQ|title=Calls to Oust Nazi Supporter from S. African Reserve Bank|website=Israel National News|date=23 April 2012 }} As a result, the South African Israel Public Affairs Committee called for the Reserve Bank to fire him for his pro-Nazi statements.{{cite web|url=http://jewishvoiceny.com/index.php?option=com_content&view=article&id=1034:south-african-jews-call-for-dismissal-of-pro-nazi-banker&catid=106:international&Itemid=289|title=HOME - Jewish Voice|website=Jewish Voice|access-date=1 January 2013|archive-date=28 March 2016|archive-url=https://web.archive.org/web/20160328185112/http://jewishvoiceny.com/index.php?option=com_content&view=article&id=1034:south-african-jews-call-for-dismissal-of-pro-nazi-banker&catid=106:international&Itemid=289|url-status=dead}}
References
{{Reflist}}
{{Political history of South Africa}}
{{Authority control}}
Category:1994 establishments in South Africa
Category:Defunct political parties in South Africa
Category:Political parties established in 1994
Category:Political parties with year of disestablishment missing