TELITA SNYCKERS: How SA loses from tobacco’s hidden tax breaks
SA’s bilateral trade agreement with Switzerland has little commercial substance, beyond benefiting big tobacco — and it’s just one of several hidden tax breaks afforded to the industry
11 September 2020 - 06:00
With the government facing a budget shortfall of R1.1-trillion and tax collections 20% lower than last year, you’d think it would be happy for whatever extra revenue it could get.
At the annual Tax Indaba this week, Keith Engel, CEO of the SA Institute of Tax Professionals, spoke of the contribution transactional taxes could make to close the gap...
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