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SARS: ‘Learn from your mistakes; go directly to jail’

29 January 2021

The South African Revenue Services (SARS) has received the green light to criminalise otherwise well-meaning taxpayers for something called negligent non-compliance. In simple language the tax authority could fine or imprison an otherwise law abiding citizen for making an error or mistake on their annual tax return. The handful of citizens applauding this move should reflect on whether their multi-year interactions with SARS are up to code. And that includes the returns filed by tax practitioners on their behalf.

Fast-food and the consequences of collective bargaining

22 January 2021

Government’s long-term support of collective bargaining and multi-year wage agreements is under question as the full impact of global pandemic on the domestic economy becomes clear. The first tremors of unease were felt when the minister of finance announced cuts to the private sector wage bill during his February 2020 budget address. He said that the three-year deal concluded with public sector workers in 2018 could not be met and proposed restricting total cost increases for the sector to just 1.8% for 2020/21. Public-sector unions were having none of it. They rejected government’s revised wage offer out of hand and headed to the Labour Court for redress.

Conflict of interest at the heart of negative financial outcomes

12 January 2021

Citizens in Western democracies are pawns in a system that places profit over individual wellbeing. We are unfaltering slaves to the doctrine of capitalism and worshippers of phrases such as ‘free market’ and ‘capital accumulation’. Capitalism is an economic and political construct in which a country’s trade and industry are controlled by private owners, for profit. Nowhere is this system better illustrated than in the United States (US), where private owners of trade and industry have become obscenely wealthy in recent years. How wealthy, you ask?

What’s inside… FAnews Magazine November 2020

18 November 2020

Jampacked with some solid content… because that is what we are good at. For us it’s not only about assisting you in ticking your compliance box for you CPD hours; it’s about making sure you actually learn something new or read about something you’ve never thought of before… If you are not part of the over 16 700 registered CPD users, make sure you sign up today. Herewith a summary of our CPD and a few other articles we believe you’ll find good value in. The links will take you directly to the digital copy of the FAnews November edition.

quick poll

Question

Would you willingly give up your medical scheme membership under a fully implemented NHI?

Answer

No, never Not with state delivery The NHI is too unclear Yes, absolutely Willingly. What?

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I am not what I am ~ Iago: New normal dulls the shine of South Africa’s listed real estate sector

13 November 2020

Float like a butterfly, sting like a bee…: Analysts trade blows over whether to return offshore capital to South Africa

06 November 2020

Same policy, different outcome (not): Mass public sector employment not the answer to South Africa’s economic malaise

23 October 2020

What’s inside… FAnews Magazine October 2020

15 October 2020

O what a tangled web we weave… How fact and reality get sucked into the maelstrom of mainstream thinking

09 October 2020

“Please Sir, I want some more” - Bucket loads of cash needed to fund government’s populist pipe dreams

02 October 2020

The ‘smoke and mirrors’ deceit: Speculators’ obsession with ‘instant everything’ drives tech shares to ridiculous valuations

20 September 2020

The “lies, damned lies & statistics” pay-line: Why economists say SA’s 51% quarter-on-quarter GDP contraction is no big deal

13 September 2020

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Talked About Features / The Stage