Pretoria - Finance Minister Pravin Gordhan has proposed a new short term solution for businesses that use Section 45 of the Income Tax Act. The section was suspended with immediate effect in June 2011 for an 18-month period. The suspension of clamping down on tax avoidance schemes was used by many companies in intra-group transactions. On Wednesday, Gordhan said that the … [Read more...] about Gordhan proposes new solution on section 45
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