Good afternoon. Tax incentives for investors are one of the main instruments for attracting finance to countries in need of development. In your opinion, in which states such a policy will give the greatest benefits to investors?
Tax will not be at source but on residency. Offshore structures are continuously monitors in so-called tax havens. We will make us of all legal tax laws.
Something as simplistic as using a company instead of a trust in South Africa as your vehicle will already be a saving from 42% to 28% on profits. It is said that tax is a moving target the only two things in life that is sure is death and taxes. We will be able to remove tax completely but there legal ways by playing by the rules to pay less.