Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /usr/www/users/parlyvdwzq/wp-content/themes/gazette/header.php on line 58

Tax Avoidance Bill: NPA and Hawks on illicit flows

Treasury, FIC, Hawks, NPA give Parly update…

report to clients end of April …

It now seems inevitable that the Minister of Finance will be tabling a General Anti Tax-avoidance (GATA) Bill by July 2019 as part of National Treasury’s plan to protect the tax base primarily aimed, as one MP put it, at “knocking profit shifting on the head”.   Changes to the Companies Act are also to be introduced.

A high-powered meeting, chaired jointly by Yunus Carrim of the Standing Committee on Finance and Joan Fubbs of the Portfolio Committee on Trade and Industry, listened  a few days before Parliament closed in April, to report-backs which came from National Treasury, the Hawks, National Prosecuting Authority (NPA) and others combiningg to stem the flow of illicit funds.

Read more…Tax avoidance Bill

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website is Archival

If you want your publications as they come from Parliament please contact ParlyReportSA directly. All information on this site is posted two weeks after client alert reports sent out.

Upcoming Articles

  1. PIC Bill passage indicates sleight of hand by governing party
  2. Climate legislation Bill links on carbon tax

Earlier Editorials

Earlier Stories