‘Action must be taken to ensure corporates pay their fair share’

Johannesburg –  Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits.

Gigaba said that the tax revenues collected kept South Africa running, paying for social upliftment and poverty alleviation through grants and the multitude of services that the government provides, much of which benefits the most vulnerable in society. 

Gigaba was speaking at the South African Institute of Tax Practitioners’ Tax Indaba in Johannesburg on Monday.

“We encourage you as tax professionals to help us send the message that individuals and businesses should obey the law, disclose their offshore assets, and pay their fair share, before they are caught out,” Gigaba said

“Unfortunately, as long as taxpayers either remain non-compliant or move to reduce their tax burdens, there will need to be corresponding tax policy amendments to uphold the integrity of

... read more at: https://www.iol.co.za/news/politics/action-must-be-taken-to-ensure-corporates-pay-their-fair-share-11172579

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