Fica complete failure

Fica is a monumental failure that should be scrapped.

The ostensible purpose of Fica is to “combat money-laundering activities and the financing of terrorist and related activities”. It performs virtually no such function but is used instead to turn unwilling businesses into government agents for the invasion of privacy.

via Fica costing taxpayers an estimated R15bn per year | Accounting Weekly.

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Fica complete failure

Fica is a monumental failure that should be scrapped.

The ostensible purpose of Fica is to “combat money-laundering activities and the financing of terrorist and related activities”. It performs virtually no such function but is used instead to turn unwilling businesses into government agents for the invasion of privacy.

via Fica costing taxpayers an estimated R15bn per year | Accounting Weekly.

Leave a Reply

Your email address will not be published.