Nowhere to hide for the illicit economy and tax abuse - warning from SARS interim head

Loading player...
LONDON — The man accused of being involved in smuggling cigarettes and falsifying documents, Adriano Mazotti found himself to be in the firing line of a new drive by SARS to clamp down on the illicit economy. High Court Sheriffs attached and removed all movable property from his house and a warehouse in Johannesburg. SARS says Mazotti, who is a known backer of the Economic Freedom Fighters, owns the taxman R71.9m. In a news conference before Finance Minister Tito Mboweni’s budget speech, acting SARS Head, Mark Kingon did not want to comment on the Mazotti case, but warned that it is not only the tobacco space that they will be focusing on. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Feb 2019 1PM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min