Going forward, aggressive tax avoidance will become the new tax evasion. Tax planning will therefore be tempered with low appetite for risk especially reputational damage while the debate on tax morality will intensify.
Welcome to 2016!
It's a New Year and time to look forward with hope for better days ahead. Whilst being optimistic about the future one must be mindful that there is bound to be challenges as uncertainties will continue to exist in the world in every human endeavour. This outlook applies also to tax and fiscal policies.
Read my article published in BusinessDay today (pg 9) on what to expect in the tax environment in 2016.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.