TAX erosion

The South African Revenue Service (SARS) has already begun to tackle the erosion of the tax base through profit shifting, which was addressed in an interim report of the Davis tax committee that was released last month for public comment.

SA loses billions of rand in revenue annually through the abuse of transfer pricing, harmful tax practices and treaty abuse by multinational companies to shift profits from high-tax to low-tax jurisdictions.

via SARS ‘already fighting tax erosion’ – The SA Institute of Tax Professionals.

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