STUART THEOBALD: Tax on South Africans working overseas is a myopic miscalculation

On the whole, the Treasury does a fine job of crafting regulations for the domains it oversees. But every now and again there is a major misstep, and those tend to have to do with tax. Somehow, the Treasury has fits of myopia when it perceives what it thinks to be a tax loophole. It brings out a sledgehammer, usually breaking far more than it expects.