G20 meeting: Global recovery only 'moderate, weaker than desirable'

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – At the recent G20 meeting of global finance ministries in Baden-Baden in Germany, South Africa’s Finance Minister Pravin Gordhan called on attendees to address tax administrative challenges in extractive industries, as well as wasteful tax incentives. 

In a statement issued by National Treasury on Monday, following a two-day meeting of finance ministers and central bank governors, Gordhan welcomed the progress globally with international tax matters, such as measures to address Base Erosion and Profit Shifting (BEPS). 

BEPS has become an important topic worldwide, as governments, which have become increasingly short of tax revenue are looking at ways to plug leakages. In South Africa, exchange controls has helped prevent base erosion and profit shifting to low tax jurisdictions through regulations and restrictions.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.33
+0.9%
Rand - Pound
19.94
+0.8%
Rand - Euro
17.00
+1.0%
Rand - Aus dollar
10.59
+0.6%
Rand - Yen
0.13
+0.7%
Gold
1,811.06
-0.1%
Silver
25.55
+0.5%
Palladium
2,653.50
-1.2%
Platinum
1,053.98
-0.5%
Brent Crude
72.89
-3.3%
Top 40
62,543
-0.3%
All Share
68,706
-0.2%
Resource 10
71,203
+1.0%
Industrial 25
86,170
-1.8%
Financial 15
13,129
+1.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should pension fund members be allowed to access their savings before retirement?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, it's their money to do with as they please.
33% - 67 votes
No, more people will end up without enough savings in retirement.
36% - 74 votes
Depends on how big the withdrawal limits will be.
31% - 64 votes
Vote