A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth. Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade[…]
The SA Revenue Service (Sars) managed to collect R1trn in tax payments for the first time in South Africa’s history, despite the recent political distractions, Commissioner Tom Moyane said on Friday. During a joint media conference with Finance Minister Pravin Gordhan and Deputy Minister Mcebisi Jonas, Moyane criticised the “negative[…]
Indian jewellers will go on indefinite strike from Tuesday in protest over the reintroduction after four years of a sales tax on gold jewellery, their trade body said. The strike could curb gold imports by the world’s second biggest consumer and put pressure on global prices. Finance Minister Arun Jaitley[…]
Cosatu has vowed on Thursday to hold mass protests until the new tax rules are scrapped. The trade union federation came out strongly against the new ‘Tax Administration Amendment Bill’ declared as a law by President Jacob Zuma last month. Cosatu president Sdumo Dlamini has stated that “there was no[…]
Economic Freedom Fighters’ leader Julius Malema’s sequestration case is expected to be heard in the High Court in Pretoria on Monday. The provisional sequestration order against Malema regarding his outstanding tax bill was extended in December. “The court order was granted today by mutual agreement between Sars and the taxpayer[…]
Finance Minister Nhlanhla Nene’s 2015/16 budget contained mixed messages for individual taxpayers, PricewaterhouseCoopers (PwC) said on Wednesday. PwC tax consultant Ian Wilson said in a statement that measures announced in the budget signalled relief for low- to middle-income earners and increased the income tax burden for middle- to high-income earners.[…]
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