HILARY JOFFE: Grim auguries in a lopsided tax base and crippled Sars
12 January 2020 - 05:01
When companies publish announcements just before Christmas, it's often because they've something to hide. Not so the South African Revenue Service (Sars), which belatedly published its annual Tax Statistics book on December 20 - all 316 pages of it. With Sars, the likely reason for the delay is a lack of capacity. And the picture the book paints is not pretty, reflecting both the ailing state of the economy and the erosion of the tax agency's enforcement capacity during the state-capture years...
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