The terms of reference of the Davis Tax Committee (DTC) in general required the Committee “to inquire into the role of the tax system in the promotion of inclusive economic growth, employment creation, development and fiscal sustainability”, and in particular as it relates to value-added tax (“VAT”), to give specific attention to:

 

…efficiency and equity. In this examination, the advisability and effectiveness of dual rates, zero rating and exemptions must be considered”

 

Since 1994 South African fiscal policy has placed little emphasis on wealth taxes, save for recent increases in the rates of transfer duty and estate duty. Given the disturbing levels of wealth inequality in South Africa, a taxation system that would ignore such disparities of wealth will lack the important requirement of legitimacy in the tax system.

 

The Davis Tax Committee (DTC) has announced the conclusion of its work and the publication of the following four final reports:

  1. VAT (replaces the first VAT report);
  2. Corporate income tax (CIT);
  3. Public benefit organisations (PBO’s);
  4. Wealth

 

In plain terms, it is an investment vehicle that can save you a significant amount of tax.

What all tax breaks try to do is to influence behaviour. How, where and when you invest can and will be influenced by existing tax legislation. And in so doing, government is then in turn able to achieve some of its socio-economic objectives.

It's been a few months now since Progressive Web Apps (PWA's) have made their way into the web and mobile domains but are you fully aware of all the advantages and benefits they offer?

The web ecosystem has evolved quite a lot over the course of the past several years. The surge in mobile usage has totally changed our way of using the web. Mobile constraints, like limited space due to small screens, as well as a pointer much less precise than that on desktop (your finger), have pushed designers to create user interfaces that are far from what we were used to using in the early 2000's. Clearer, more refined, and most importantly more intuitive, these interfaces figured out how to make their way onto larger screens as well, making it essential today to provide perfect user experience, regardless of the device being used.