n Without Prejudice - Adding some tax bounce to the springboard into Africa : tax
|Article Title||Adding some tax bounce to the springboard into Africa : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Nov 2010|
|Pages||10 - 13|
When the Taxation Laws Amendment Bill 2010 (TLAB 2010) was first published in May for comment, the proposed introduction of a tax regime specific to headquarter companies set up in South Africa was greeted with considerable enthusiasm as likely to reinforce South Africa's credentials as a gateway for investment into Africa. The explanatory memorandum accompanying TLAB 2010 added to the air of anticipation by clearly indicating a desire to enhance South Africa's credentials as "an economic powerhouse of Africa" and as "an ideal location for the establishment of regional holding companies by foreign multinationals".
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