Generic selectors
Exact matches only
Search in title
Search in content
Search Posts
Search in pages
Search Products
Filter by Categories
Company Secretarial
General Business
General Interest
Investing in Property
Personal Growth
Personal Wealth
Trusts and Estate Planning

Despite the negative perceptions of auditors following the KPMG blow out, the Institute of Chartered Accountants (SAICA) is the professional body that I respect most (I am governed by three – auditing, SAICA and engineering). They recently published an article by Bowman Gilfillan on the growing trend towards resistance to paying taxes – follow the link, go to Current Issue and click on Article 2642. If you feel the way I do, you’ll enjoy reading it, so I decided to share it with you.

They mentioned “Civil disobedience”. We’ve seen that working against e-tolls, so we know that South Africans can pull together when they are really disgusted by something. I’m not encouraging you to commit tax evasion, but delaying the submission of returns (albeit with a 10% penalty) is not illegal.

The problem, of course, is that we could be shooting ourselves in the foot as falling tax revenues could further collapse the economy rather than reform the ANC. Me? I’m all for it!

Need help with your Trust or Buisness?

Contact us today or set up a free meeting with our CEO, Derek Springett. We have been offering expert advice and business services since 1971. You can also visit our online store to see our full list of services.