21 November 2018 1 Min Read
Customs menace: Tax dodgers have robbed SA of R550bn
in News by Graeme Hosken
Its report says that from 2010 to 2014 the economy lost on average an estimated $7.4bn (R111bn) annually .
Image: Getty Images
Image: Getty Images
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An international financial monitoring organisation has revealed how tax dodgers robbed the SA economy of an estimated $37bn (R550bn).
Its report says that from 2010 to 2014 the economy lost on average an estimated $7.4bn (R111bn) annually through misinvoicing – a form of tax fraud which‚ according to a tax lawyer‚ the taxman has been battling for years to clamp down on.
For more on this story‚ please visit Times Select. https://select.timeslive.co.za/news/2018-11-20-customs-menace-tax-dodgers-have-robbed-sa-of-r550bn/