Tax Implications

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Cecil Kilpin | February 2018 Newsletter

By |2022-01-21T10:24:50+02:00Feb 1st, 2018|Goverment, Newsletter, Tax|

Budget Preview Minister Gigaba will present his first full budget speech on the 21st February 2018. This has to be one of the most important budget speeches announced post-democracy - one that could make or break our fragile economy. The scale of funding the budget deficit alone is daunting, set against a backdrop rebuilding investor confidence in “brand South Africa”. The starting point, according to the medium term budget speech, is the funding of a budget deficit in excess of R50 billion. Then Zuma’s bombshell announcement of free education has really set the cat amongst the pigeons. According to the Davis Tax Committee we would need at least an additional R60 Billion per annum to fund this. Treasury has bandied about figures of between R12 [...]

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Cecil Kilpin | December 2017 Newsletter

By |2022-01-21T10:30:40+02:00Dec 8th, 2017|Business, Finance + Economics, Tax|

Davis Tax Committee (DTC) Publishes Final Reports The Davis Tax Committee was established in 2013 to review what role the tax system can play in addressing the following key issues amongst others: Economic growth Unemployment, poverty and inequality Small business growth Corporate tax base erosion and profit shifting In this context the following six final reports have been published: Funding of tertiary education in South Africa Financing a National Health Insurance (NHI) for South Africa Second and final report on base erosion and profit shifting Second and final report on hard-rock mining Oil and gas report coupled with an IMF report on the same topic for the DTC Tax Administration Given the importance (and potential impact) of these issues, we will summarise the key findings [...]

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