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An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa
Dissertation (MCom)--University of Pretoria, 2014.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2014
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| _version_ | 1867613516161089536 |
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| access_status_str | Open Access |
| author2 | Du Preez, Hanneke |
| author_browse | Du Preez, Hanneke |
| author_facet | Du Preez, Hanneke |
| collection | Thesis |
| dc_rights_str_mv | © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2014. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/41248 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:23.306Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/41248 An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa Du Preez, Hanneke avermeulen@deloitte.co.za Vermeulen, Ansius M. Controlled foreign company Tax residents Exit tax charge Tax policies Disposal Equity shares UCTD Dissertation (MCom)--University of Pretoria, 2014. As a result of globalisation there are endless business opportunities out there in the business world. South African tax residents may purchase shares in a foreign company as an investment which can lead to that company being effectively controlled in South Africa for South African tax purposes. When a controlled foreign company ceases to be a controlled by South African tax residents it is deemed to have disposed of its assets the day immediately before this event and certain exit tax charges should considered. Sound tax policies are crucial to ensure stability in any tax system. Tax legislation may be amended from time to time in order to ensure this stability in the South African tax system. No research has been done on the practical implication of current amendments to legislation affecting a controlled foreign company when it ceases to be controlled in South Africa as a direct result of the issuing of new equity shares by the controlled foreign company to foreign investors. The aim of this study was to discuss the current amendments to tax legislation affecting controlled foreign companies as well as the practical issues experienced by controlled foreign companies and South African tax residents. Furthermore, the study aims to demonstrate whether South Africa’s tax legislation is in line with the international norm by comparing the literature reviewed, the results of case study and information gathered through interviews to the United Kingdom’s tax legislation. hb2014 Taxation unrestricted 2014-08-13T12:57:22Z 2014-08-13T12:57:22Z 2014-04-01 2014 Mini Dissertation Vermeulen, A 2014, An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/41248> F14/4/442 http://hdl.handle.net/2263/41248 en © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Controlled foreign company Tax residents Exit tax charge Tax policies Disposal Equity shares UCTD An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title | An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title_full | An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title_fullStr | An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title_full_unstemmed | An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title_short | An international comparison - tax implication of a controlled foreign company ceased to be controlled in South Africa |
| title_sort | international comparison tax implication of a controlled foreign company ceased to be controlled in south africa |
| topic | Controlled foreign company Tax residents Exit tax charge Tax policies Disposal Equity shares UCTD |
| url | http://hdl.handle.net/2263/41248 |