There is the risk of insufficient assets being available to satisfy the claim after favourable judgment is obtained against the debtor.
Continue readingSouth Africa: The Advantages of a Maritime Claim
South Africa: Multinational Enterprises under the spotlight in Budget 2017: Transfer pricing
In his budget speech, Pravin Gordhan emphasised that combating tax avoidance by multinational enterprises is still a top priority.
Continue readingSouth Africa: Budget 2017 – Personal income tax
In the 2017 Budget Speech, Minister Gordhan noted that tax revenues have not kept pace with economic growth.
Continue readingSouth Africa: Budget 2017 and COSATU’s expectations regarding tax changes
COSATU issued a press release in relation to its “enormous expectations” for the 2017/18 budget. Some expectations were met.
Continue readingSouth Africa: Increased dividends tax – A tax on an individual
Budget 2017 announced an increase in dividends tax, from 15% to 20%. It is effectively borne almost exclusively by South African individuals.
Continue readingSouth Africa: Share buy-back transactions
The 2017 Budget proposes that specific legislative countermeasures be introduced to curb the use of share buyback arrangements.
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