This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax 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 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.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
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.
Trevor Manuel Says Tax Crackdown Will Continue In South Africa,
by Robert Lee, Tax-News.com, London
Monday, April 15, 2002
South African Finance Minister,
Trevor Manuel announced on Thursday that although the budget deficit for fiscal
2001/02 has fallen to 1.4% of gross domestic product (compared with 2.3% in
2000/01, and around 10% in the period immediately prior to the end of apartheid),
the South African Revenue Service will continue to crack down on tax evasion
in order to broaden the tax net.
'Despite good revenue collections,
the compliance levels in South Africa are still unacceptably low,' he told reporters.
'There are still too many individuals and businesses who should be registered
for tax that are not.'
Revenue Commissioner Pravin
Gordhan confirmed that tax collections would continue to improve as a result
of stricter enforcement, the hiring of additional staff, and better controls.
However, despite suggesting that there are 'still some very significant amounts
to be collected', the tax chief admitted that the revenue service is currently
trying to improve its methods of estimating uncollected tax.
'In the last 18 months,
I have been making reference to a tax gap of more than 30 billion rand. Now
we seem to be at a number in excess of that figure,' he explained last week.
Mr Gordhan also revealed
that the vast majority of uncollected tax is from the country's formal sector,
not the vast informal sector, which encompasses occupations such as street trader
and transport operator.
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. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed