New emigration tax rules could backfire for SARS: expert

[BusinessTech]

New emigration tax rules could backfire for SARS: expert

Harry Scherzer, CEO of Future Forex, says the new tax regulations for moving money offshore could have a disastrous effect on the ability of SARS to collect tax.

 

[DreamKing]

what is the problem? anc doesn't want your money to leave. simple.
who cares your taxes?

 

[rvZA]

Welllll....... if you plan to emigrate permanently, you could always buy tens of millions of Rands worth of Crypto. Jump a plane. Land abroad. Open a bank account. Pay out the crypto into your foreign bank account. You could either win or loose a bit of crypto, pay taxes abroad and skip SARS in total.