The OECD Pillars That Are About to Change The International Tax World
THE OECD PILLARS THAT ARE ABOUT TO CHANGE THE INTERNATIONAL TAX WORLD Author: Patrick Grant McLennan The OECD’s Pillars 1 and 2 represent the biggest changes to the international tax paradigm since the initial model tax treaties of the late 1920s. Read our article to see whether the move away from the tax treaty system […]
Rising Taxes are Coming
RISING TAXES ARE COMING Author: Barbara Curson With a yawning deficit in government revenue, it seems inevitable that government will raise taxes. But how can this be done efficiently and fairly? Our article provides a background and proposes some scenarios. Like The revised budget deficit for 2020/21 is expected to be R761.1 billion. Government is […]
The Rising Global Tide of Wealth Taxes
<!– –> THE RISING GLOBAL TIDE OF WEALTH TAXES Author: Jerry Botha A new regime for South Africans working abroad created a furore. Our article looks at the background and the current situation from the viewpoint of an opportunity for tax practitioners to apply their expertise There can now be little doubt that National Treasury […]
Mauritius: Still an Investor`s Paradise?
MAURITIUS: STILL AN INVESTOR’S PARADISE? Author: Caoilfhionn Van Der Walt Mauritius finds itself increasingly under pressure from the OECD and elsewhere to close its low tax regimes. Some are questioning whether Mauritius is living up to its promise as an investor paradise. This article explores the recent changes to the GBC regime and the recent […]
In-house Tax Directors and Boards: Beware of the Tax Risks ahead
IN-HOUSE TAX DIRECTORS AND BOARDS: BEWARE OF THE TAX RISKS AHEAD Author: Ine-Lize Terblanche Our article takes in-house tax directors and members of tax boards through the risks and their obligations in an ever-changing environment. The job of the in-house tax director is growing harder every day ? from the threat of increased taxes to […]
Continuing Crackdown On Loan Funding to Trusts
CONTINUING CRACKDOWN ON LOAN FUNDING TO TRUSTS Author: Neil Hughes Setting up a trust and loaning money to the trust at no or reduced interest used to be an effective estate planning tool. Our article takes you through the history and the current version of section 7C of the Income Tax Act. The concept of […]
Is Poor Tax Compliance Akin to Culpable Homicide?
IS POOR TAX COMPLIANCE AKIN TO CULPABLE HOMICIDE? Author: Suzanne Smit Our article looks at a recent change to the non-compliance provisions in three tax acts where it is no longer required for SARS to link poor compliance with wilful intent in order to prove a criminal offence ?and how this affects taxpayers’ rights. On […]
Collecting Tax Debts: Spare the Rod, Spoil the Child.
COLLECTING TAX DEBTS: SPARE THE ROD, SPOIL THE CHILD Author: Ruan Botha How much tax debt is actually outstanding and does SARS have the capacity to collect all revenues due? South Africa has passed its first wave of COVID-19 and, with no ace up its sleeve, it takes no hustler to see what hand our […]
The Rising Global Tide of Wealth Taxes
THE RISING GLOBAL TIDE OF WEALTH TAXES Author: Madeleine Schubert For some fresh views on the desirability and feasibility of wealth taxes, read our article! Global political conflict between the left and the right wing has resulted in much debate on how an individual may acquire wealth and, in those cases where an individual has […]
Hope for SARS Rejuvenation
<!– –> HOPE FOR SARS REJUVENATION Author: Gasant Jacobs After the devastation at SARS and, in the face of economic challenges, can SARS regain the respect of taxpayers and its position as enforcer of equitable tax laws? Find out why the writer of this article thinks it can. Introduction As 2020 finally came to an […]
