Proposed change to FBE exemption ‘ignores the realities of global outsourcing’
The practical challenges associated with applying the amendment will make it difficult for SA multinationals to qualify for the tax exemption.
The practical challenges associated with applying the amendment will make it difficult for SA multinationals to qualify for the tax exemption.
The outcome of the case could have far-reaching tax implications for SA companies with offshore operations.
The Supreme Court of Appeal’s judgment in the Coronation case finds its way into proposed amendments to the ‘controlled foreign company’ rules.