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Finance and Tax Library Guide: In the News ...

Guide for library resources for UCT Finance students

Tax on offshore investments: time to come clean (17 May 2017)

The South African Revenue Service (SARS) launched the Special Voluntary Disclosure Programme (SVDP) in October 2016, providing taxpayers with the opportunity to make good on any tax and/or exchange control contraventions of which they may be guilty in relation to offshore investments......Read more in Personal Finance.

Possible wealth tax in pipeline for SA (18 May 2017)

POLOKWANE –  Glen Steyn, independent consulting economist from Glen Steyn and Associates, said the opportunity to comment on the desirability and feasibility of an annual wealth tax in South Africa should be welcomed and used. Read more in Bosveld Review

Can an annual wealth tax save SA economy? Here’s how the rich can help – finance ministry (26 April2017)

As the screws tighten on the South African economy, the finance ministry is setting the wheels in motion for an annual wealth tax to boost government coffers. The Davis Tax Committee is also looking at ways to generate more income for the fiscus by squeezing the rich. The super-rich are unlikely to be affected because they tend to keep their wealth at arm’s length, through various entities. It will be the next tier, the hard-working high-income salary earners and people who have been methodically growing assets over the years, who are likely to feel the pinch of wealth redistribution. Those pushing for an annual wealth tax argue that it is necessary in order to improve the standard of living experienced by the majority of South Africans. – Jackie Cameron Read more in BizNews

GORDHAN: NOT ALL HOPE IS LOST FOR SA (4 May 2017)

JOHANNESBURG – Former Finance Minister Pravin Gordhan says hope is not lost for South Africa – and that he still has confidence that the governing party and the people of the country can self-correct. Read more in Eyewitness News

Zuma And Guptas Will 'Feel The Heat' Now That FICA Is Signed - DA Finance Spokesperson (29 March 2017)

Following months of delays, President Jacob Zuma has signed the Financial Intelligence Centre Amendment (FICA) Bill into law. Read more in Huffpost ZA Edition