04/12/2016
Oxfam urged the World Bank to address the tax haven issue and “responsible corporate tax behavior” at its spring meeting that starts this week in Washington, D.C., and to implement measures to prevent multinational enterprises from using tax h
04/08/2016
Yet that question has become even more relevant across the globe following discoveries of several secret shell companies linked to the businessman, his allies and relatives.
04/08/2016
Revelations from the Panama Papers show how a company based in Jersey, a British crown dependency, attempted to avoid paying $400m (£280m) in Capital Gains Tax to the Ugandan government, writes BBC Africa's Rob Wilson.
04/06/2016
"The world is systemically narrowing the scope for those who want to hide their offshore assets and avoid paying their taxes due to the South African fiscus," he said.
04/05/2016
Curators are taking legal advice after the #PanamaPapers leak that showed hidden accounts linked to the Fidentia fraud‚ while the South African taxman is keeping a watch on unfolding leaks of companies and individuals using offshore tax havens.
04/04/2016
This means African governments are losing out on roughly $15 billion in taxes annually, and this does not take into account nonfinancial wealth.
04/03/2016
Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa.
03/28/2016
These funds were channelled through brass-plate companies set up in Mauritius
03/16/2016
The introduction of a Special Contribution on Banking Operations
03/08/2016
African National Congress MP and finance committee member Makhosi Khoza said an extension would encourage more people to come forward.
03/07/2016
This has discouraged offshore investors from entering the market
03/07/2016
ANC treasurer-general Zweli Mkhize and Gordhan held separate meetings with a group of bond market investors from the US and Europe behind closed doors in Johannesburg this week.
03/02/2016
Finance Minister Pravin Gordhan did not mention the proposed carbon tax (the “tax”) in his Budget Speech delivered on 24 February 2016.
03/01/2016
Many tax commentators were surprised at the national budget speech announcement that there will be another offshore amnesty starting on 1 October 2016
02/29/2016
The Special Voluntary Disclosure Programme is a joint initiative of the South African Revenue Service and the South African Reserve Bank.
02/24/2016
Kevin Bloom speaks to a tax haven investigator who says that he doesn’t.
02/24/2016
The budget speech has over the years given South Africans a credible sense of the economic outlook of the country.
02/24/2016
It is difficult for the Treasury to estimate the tax revenue to be derived from the initiative but officials estimate it conservatively at between R2bn and R4bn.
02/23/2016
Some experts believe Finance Minister Pravin Gordhan will tomorrow announce measures such as a tax amnesty.
02/17/2016
The establishment of an offshore discretionary trust (“the Trust”) by a South African tax resident person (“Settlor”) gives rise to various South African tax considerations.