Tax man counting bricks no longer works for states in the global digital economy

Tax man counting bricks no longer works for states in the global digital economy

2021-09-28 04:40:00 PM

Tax man counting bricks no longer works for states in the global digital economy

Systems need to be overhauled to get big tech multinationals to pay their dues on continents such as Africa

Marcus Stelloh and Brandon OakerWhen GDP was first postulated in the first half of the last century, it measured physical goods and services within a brick-and-mortar environment, to represent a country’s economic contribution to the global economy. But in a world where assets and services are not just physical but digital, intangible, fluid and often volatile, a century-old tax regulation is no longer fit for purpose and needs an overhaul.

Miss South Africa 2021 live stream | Where to watch right now! | Channel Mondli Makhanya | Malema’s cynical cruelty | Citypress ANC has seen the error of its ways – Ramaphosa | Citypress

Globally, digital goods and services drive today’s $11.5bn digital economy, and its growth trajectory is set to soar exponentially due to the acceleration of digital transformation, decentralised workplaces and digital-first environments that have become the Covid-19 pandemic’s preferred way of working. Unfortunately, our systems and legislation have failed to keep pace with the way goods and services are produced and consumed in today’s world...

This article is free to read if you register or sign in. Read more: Business Day »

Toyota Fortuner Challenge: Our envoy is a hero that knows adversity

Meet Justin Maguire, IOL’s heroic contestant for this year’s Toyota Fortuner Challenge.

Malema and Mpofu would be among the first to pay wealth tax for indigent familiesEFF leader Julius Malema and prominent lawyer Dali Mpofu would be among the wealthy people an EFF government would target for a special wealth tax to subsidise indigent families. Having you as my account manager makes me a champion I kept on cashing out weekly, I recommend you all to him Micheal_addy_ I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make R60,000 in one week, thank you for transparency and trust. Bitcoin is something worth talking about, I decided to give it a try when i witnessed how it lifted my friend to his financially . I invested $1500 worth of bitcoin and with the current increase in bitcoin price I got $17,200 just in a week with the help of _Ambreymarcus

KZN man jailed for 6 years after submitting fictitious invoices to Sars during tax returnsA 47-year-old man who pleaded guilty to 19 counts of fraud against the South African Revenue Service has been jailed to six years behind bars. Luno luno luno 💃 💃💃 Those people who drop their WhatsApp number on monday they got paid today Join us you can also make upto R25,000 in every 3days without sending your money to anyone Drop your WhatsApp number for more information WhatsApp me +270676836285

EFF manifesto promises wealth tax to fund indigent families'Land and jobs manje [now]” is the party's slogan for the local government elections campaign From the same guys that stole pensions of poor rural women and deposits that were to pay for education of the youth to buy Mercedes and Gucci and Fabiani… that eff manifesto isn’t worth the paper it’s written on. vbs And when there’s no more wealth to tax? Start printing money. Manifesto was delivered and the promises

Malema and Mpofu would be among the first to pay wealth tax for indigent familiesEFF leader Julius Malema and prominent lawyer Dali Mpofu would be among the wealthy people an EFF government would target for a special wealth tax to subsidise indigent families. My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peternice_ I'm gonna camp here to read comments from cry babies. You are indeed a great woman to be called, I assure you that i will bring friends to come invest with you because of the excellent work you did for me. I will keep sharing the good news about you LindaStouffes

The rich and those living in mansions will have to pay property wealth tax, says MalemaHe said the tax would ensure recipients of Sassa grants and indigent families had their water and electricity payments subsidised. No intentions of creating jobs so that the poor can work their way up the economic ladder Malema is very rich himself Does he mean like people who live in Hyde Park? In a home owned by a tax dodging tobacco smuggling criminal? Like that? EFFManifestoLaunch eff

Malema and Mpofu would be among the first to pay wealth tax for indigent familiesEFF leader Julius Malema and prominent lawyer Dali Mpofu would be among the wealthy people an EFF government would target for a special wealth tax to subsidise indigent families. How did they accumulate such wealth needs to be investigated. Dali, we know it's through his practice, but Julius? Haikona! They dont and wont ever pay tax.....they dont want the poor benefiting from their wealth...its the other way round....they take money from the poor. VBS. VoetsekEFF Bitcoin is something worth talking about, I decided to give it a try when i witnessed how it lifted my friend to his financially . I invested $1500 worth of bitcoin and with the current increase in bitcoin price I got $17,200 just in a week with the help of _Ambreymarcus