Shift to dividend tax a feature

2008-02-20 00:00

ONE of the key issues expected to dominate Finance Minister Trevor Manuel’s annual budget speech this afternoon will be South Africa’s shift from a secondary tax on companies (STC) toward a dividends tax on shareholders.

According to Leigh Bainbridge of Bainbridge Chartered Accountants, STC created a relatively high effective corporate tax rate. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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