EDITORIAL: Tax evaders should consider if evasion is still worth the risk
The growing chances of being caught point to Sars getting ever more sophisticated with masses of data and global co-operation
12 April 2021 - 18:55
The world is a small, interconnected place becoming increasingly more so with the advancements of the internet and, more recently, with the surge in video-conferencing during the Covid-`19 pandemic.
This adage applies equally to the tax authorities as they build a global network of information sharing which is closing the net ever tighter around tax evaders. The days when wealth could be accumulated abroad, out of sight of the authorities, are fast disappearing. Tax authorities have a common interest in sharing this information to ensure that all citizens pay the right amount everywhere...
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.