This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below.
Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers.
Lowtax Network Sites
Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
South African Trade Unions Call For Wealth Tax,
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, March 01, 2010
During a parliamentary committee meeting following the announcement of the
South African 2010/11 budget, the Congress of South African Trade Unions (COSATU)
proposed a wealth tax in order to raise revenue for alleviating poverty in the
country.
Given the rapid rise in managerial salaries and the fall in real wages for
other workers that it has seen in South Africa, COSATU said that the new tax
should be imposed on those earning more than ZAR1m (USD130,000) per year. It
suggested that a new income tax threshold should be introduced at that level.
In order to relieve the increasing inequality it sees, and the hardship experienced
by the poorer elements in the country, it is also proposing that the range of
goods zero-rated under value added tax should be extended. It said that there
should be a further look at the rating of certain food products and other items,
such as children’s clothes and educational items, to provide more assistance
to those on lower incomes.
As an additional comment on the measures introduced in the budget, the People’s
Budget Coalition, which is led by COSATU but also includes the South African
Council of Churches, has pointed out that companies will continue to pay proportionately
less tax than individuals.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK
has taken reasonable care in sourcing and presenting the information contained
on this site, but accepts no responsibility for any financial or other loss
or damage that may result from its use. In particular, users of the site are
advised to take appropriate professional advice before committing themselves
to involvement in offshore jurisdictions, offshore trusts or offshore investments.
All materials on this site copyright THE LOWTAX NETWORK 1999 to 2010.
All content on this site
has been provided by BSIRN.
TAX-NEWS.COM
13/07 
Free Tax-News Feed