Search results for

Peter Dachs It has been widely reported that the South African Revenue Service (SARS) is making application for the sequestration of Julius Malema, the head of the Economic Freedom Front political party, after the 'collapse' of a settlement agreement between the parties. These reports state that Malema did not correctly disclose the source of the funds used to settle the tax debt which formed part of the agreement. In determining whether settlement is appropriate the Commissioner of SARS must consider a variety of factors including the potential costs of litigation to SARS and its likelihood of success, factual or evidentiary difficulties which would make litigation or alternative dispute resolution problematic, whether settlement is in the best interest of good management of the tax system, overall fairness and use of SARS' resources.

New business models are prompting governments to diversify their approaches to taxation, as was seen in the Australian Budget Australian Treasurer Joe Hockey had plenty to say about large companies and their tax arrangements in his annual Budget statement on May 12. In a string of what he described as tax integrity measures, Hockey acknowledged that 30 unnamed taxpayers are being investigated for tax avoidance, announced that Australia is introducing a tax on e-commerce sales and committed the country to the OECD's transfer pricing documentation standards.

Rene Zulauf

A deflated Tom Brady

Soraya Jamal

Non-Muslims satisfying various criteria can now register their wills at the Dubai International Financial Centre (DIFC) Wills & Probate Registry.

Gerry Thornton

Umurcan Gago

The OECD has updated the commentaries on the Model Tax Convention (Commentaries) seeking to clarify the concept of beneficial ownership in tax treaties. Charles Hermann, a financial services tax partner at KPMG, explores beneficial ownership issues arising from the ‘Swiss Swap’ case.

Read this month's special feature on Mexico