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The Corrupted – Stupid decisions

In post Zuma South Africa, we have been exposed to how extensive corruption has spread to all spheres of government. President Ramaphosa has long been venting his desire to have corruption rooted out of government and perpetrators arrested and charged. Now amid Covid 19 he has lamented about how the perpetrators of state capture, including…

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When a Corrupt Economy Changes

In the previous two articles I explained how an economy can eventually totally collapse when corrupt politicians are at the helm. But is there any cause for optimism? Can countries shrug off corruption and recover their economies? This article maps a path to economic and moral regeneration. History has shown that countries can pull themselves…

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The Macro Effect of a Corrupt Government

The awful but unavoidable reality is that a corrupt Government allows for a corrupt economy to flourish. In turn, a corrupt economy forms the foundation for complete political, social and economic chaos in the country. This phenomenon is clearly evident in countries like Venezuela, Zimbabwe and Haiti. History has shown that countries can pull themselves…

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The Difference Between Corrupt and Honest Government

The difference between corrupt and honest government ought to be self-evident, but it is worthwhile mapping out the distinction lest we become inured to the devastating consequences of a government that has lost its moral and ethical compass. I assume that everybody understands what constitutes a corrupt government, but at its most basic level it…

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Home office expenses and tax deductions

The Covid-19 pandemic has caused great hardshipc and the lockdown, which was intended to mitigate its effects, has changed life as we know it. Lockdown levels 5, 4 and, to some extent, 3 have left most people immobile and working from home has become essential for the survival of companies and earning an income. Can…

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Opportune Time for South Africans to Emigrate to Mauritius

The Mauritian government implemented several incentives that make Mauritius an attractive option for foreigners to live, work and invest in. Tarissa Wareley, an Immigration Specialist at Xpatweb, says that besides cutting the minimum investment needed for an occupation permit (OP) as INVESTOR, to half. The government also relaxed other entry requirements that make it easy…

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Know the tax deductions when you donate

Public benefit organisations (PBOs) and NGOs are scrambling for funds to assist with the alleviation of poverty during the Covid-19 pandemic. However, people who want to help those in need should be wary of promises of big tax deductions or benefits when they donate. Duncan Luke, chief executive of The Social Collective, said it was…

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Hefty jail sentence for Cape tax fraudsters as SARS tightens the screws

Two Cape Town businesspeople have been sentenced to 16 and 17 years direct imprisonment for 487 counts of tax fraud, racketeering, money laundering and corruption, SARS said on Friday. Luis Fernandes from Melkbosstrand and Nazmien Warden from Bellville both pleaded guilty following an in-depth investigation by the Criminal Investigation Unit of SARS in Cape Town,…

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SARS REIMAGINED

TAX DODGERS TAKE NOTE On 1 February 2020, SARS released an exciting media statement, indicating that the revenue authority has embarked on a journey to reinvent SARS. With the power of technology and with the right people, SARS hopes to build an organisation that will provide a world-class service to the compliant taxpayer, but one…

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