Investors Need More Than What’s on Offer

Author: Matthew Lester (BusinessDay) There is a new tax package on the way for special economic zones to replace the old industrial development zone package. It promises a preferential tax rate of 15% and enhanced building-tax allowances. Companies also stand to benefit from the employment tax incentive, regardless of the age of the employee. But [...]

Tax Rate Falls For UK’s Top Companies

by Robert Lee,, London The average effective tax rate of the UK’s largest companies has fallen by nearly a third since 2009 as businesses take advantage of lower tax rates in overseas jurisdictions, according to a new study. Research from accountancy firm UHY Hacker Young shows that the rate has fallen for the fourth [...]

Cargo Carriers results marred by tax

by chief Earnings a share fell by almost 25 percent to 64.9c. Bolton attributed the decline primarily to the increased capital gains tax rate adjustment and the net deferred tax asset adjustment during the period. He added that the net effect was an additional tax charge of R9 million. “This has reduced earnings and headline [...]

Escaping the higher capital gains tax rate

Barry Ger, senior manager for corporate tax at KPMG: A window of opportunity opens for some companies. If your company is thinking of selling any capital assets and its year end is not February or March there may be a window of opportunity to do it at the lower effective tax rate for a [...]

Income Shifting – A Tax Adviser`s Nightmare!

Mark McLaughlin CTA (Fellow) ATT TEP Taxation Web Unfit for purpose The President of the Chartered Institute of Taxation, Rob Ellerby, recently protested to the Government in a strongly-worded letter that the proposed new rules on `income shifting` were not “fit for purpose”. Upon reviewing the draft legislation and HMRC`s guidance notes, in my opinion [...]

Tax truce on cards for budget speech

Linda Business Day Cape Town – Taxed-out consultants, corporate and ordinary citizens are hoping that Trevor Manuel, the finance minister, will have no nasty surprises up his sleeve when he delivers his annual budget in parliament this month. Deloitte & Touche, a leading tax consultancy firm, said yesterday that after “years of major changes fo [...]