The Panama papers, Sars and the (proposed) new SVDP
“The notion that there are any safe places to hide money is a thing of the past.”
(U.S. tax attorney Mark Matthews)
The Panama leaks, last year’s HSBC leaks, and the OECD’s “Automatic Exchange of Information initiative” all suggest that SA residents with accounts and investments in foreign tax jurisdictions should ensure that they are fully compliant with all their local and international tax and exchange control obligations.
http://us5.campaign-archive1.com/?u=7a866560d86943bb05b946128&id=5eb87fc82b&e=ca1789db80
17 May 2016
Author Bisset Boehmke McBlain Attorneys