Transcription of ADDRESSING BASE EROSION AND PROFIT …
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1 ADDRESSING base EROSION AND PROFIT shifting IN SOUTH AFRICA davis TAX COMMITTEE INTERIM REPORT (i) THE davis TAX COMMITTEE Following the announcement by the Minister of Finance in the 2013 Budget to set up a tax review committee, the davis Tax Committee (DTC)1 was appointed on 17 July 2013 to inquire into the role of South Africa s tax system in the promotion of inclusive economic growth, employment creation, development and fiscal sustainability. The DTC is expected to take into account recent domestic and international developments and, in particular, the long term objectives of the National Development Plan. On the international front, the DTC is required to address concerns about base EROSION and PROFIT shifting (BEPS), especially in the context of corporate income tax, as identified by the OECD and G20. In this regard, the DTC set up a BEPS Sub-committee which prepared this interim report that sets out the DTC s position as at 30 September (ii) ACKNOWLEDGEMENTS The DTC BEPS Sub-committee consulted with various staceholders on how BEPS issues should be addressed with from a South African perspective.
1 ADDRESSING BASE EROSION AND PROFIT SHIFTING IN SOUTH AFRICA DAVIS TAX COMMITTEE INTERIM REPORT (i) THE DAVIS TAX COMMITTEE Following the announcement by the Minister of Finance in the 2013 Budget to set up
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