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The only reason they're doing it is because their tax base and pig trough is shrinking. It's wasn't a problem before and it's not a problem for other countries.So no offense but duh SA will want to end that.. heck I can’t believe they left that open for so long, this is like companies paying tax in a tax haven because their ip has moved there despite earning it elsewhere.
Aha, and there's the issue. Governments always try to plug the holes when the boat has sprung leaks but in actual fact the problem is with government policy.It’s because there isn’t an exodus at other places just yet although the US is pretty good when it comes to this.
Whatever the hurdles today, the hurdles tomorrow will be greater. SA remains the perfect example of the best time to leave was yesterday, the second best time is today. No use waiting until more restrictions and limitations are enacted. The path of government is startlingly clear.The latest attack, where interest of 7% will be levied on a deferred tax debt, may very well be unconstitutional and open to legal challenges.
It is clear that the government is doing what it can to mitigate the risk of what seems to be an increasing trend of tax-paying South Africans emigrating from South Africa.