In February of 2013, former Minister of Finance Pravin Gordhan announced that the South African government would begin a review to assess the current tax policy framework and its role in supporting growth, employment, development and fiscal sustainability. The members who would make up that committee, which came to be known as The Davis Tax Committee, were announced in July of that year and their First Interim Report on BEPS1 was released for public comment late last month. Contained within the report are some concerns that Bitcoin might impact on tax compliance in the future. Continue reading
Base Erosion and Profit Shifting. ↩