Treasury’s proposal will act as disincentive to unbundle, says tax expert
Unbundling is an important mechanism to cut the high level of concentration in the economy and its ownership in a few hands
19 August 2020 - 14:51
New tax proposals around unbundling, or splitting a company up into different subsidiaries, will ultimately pump the brakes on this form of corporate restructuring, PwC tax policy leader Kyle Mandy believes.
The proposed change will make it more difficult for a company to qualify for unbundling tax relief than is currently the case and act as a disincentive to unbundle when this is an important mechanism to reduce the high level of concentration in the economy and its ownership in a few hands...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.