Two-thirds of South Africans believe that corruption has increased in the past year, and half (49%) believe that it has “increased a lot.” Furthermore, a survey shows that people not only think that corruption has gotten worse under Ramaphosa, but also recognize that a large part of the elected officials and civil servants, who should be fighting corruption, are involved in corrupt activities themselves.
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South Africans don’t fall for Ramaphosa’s Act – 82% say Corruption is Same or Worse Under Cyril!
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Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
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In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency
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