n Tax Breaks Newsletter - The tax deductibility of BEE costs : BEE costs
|Article Title||The tax deductibility of BEE costs : BEE costs|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2006|
|Pages||5 - 6|
Extracted from text ... October 2006 5 BEE COSTS The tax deductibility of BEE costs By KATHY THERSBY BUSINESS may be overlooking possible tax concessions for Black Economic Empowerment (BEE) reorganisations and other costs incurred in order to meet the requirements of the various BEE charters and initiatives. According to Greg Tarrant, of KPMG Tax, business may look to the decisions reached in the Warner Lambert vs SARS case and the Sullivan principles, to substantiate their case. Warner Lambert deducted certain costs incurred in complying with the United States-legislated Comprehensive Anti-Apartheid Act. The Act embodied the Sullivan principles, named after the Reverend Leon Sullivan, ..
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