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SARS has been in for some bad press in the last few years, and taxpayer frustrations are on the increase. But how do we rank globally? Are we better off or worse off than our international peers?
A recent 190-country survey compared us with global averages in terms of time needed to prepare and file all our various tax returns, number of tax payments required of us, waiting time for refunds, tax audits and so on. Some interesting trends emerged…
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One of 2017’s biggest stories was the Bitcoin phenomenon. Despite its volatility it has become increasingly popular and the price has rocketed. It just seems to keep going up and up and is now even officially traded in some futures markets.
Is it a bubble on the verge of bursting or is it a ticket to riches? Should you invest? Are cryptocurrencies here to stay or a flash in the pan? We share some thoughts…
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Emotions always run high when new taxes are levied, and the “sugar tax” is no exception. In one corner we have the Department of Health aiming to reduce diseases like obesity, diabetes, heart disease etc. In the other we have the sugar industry, forecasting job losses and taking issue with the Department’s assertion that there is indeed an inherent correlation between sugar consumption and NCDs.
Regardless, the sugar tax kicks in on 1 April, leaving the question of whether it will affect our overall tax burden; and if so, how?
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