scholarly journals Does capital gains tax add to or detract from the fairness of the South African tax system?

2011 ◽  
Vol 14 (4) ◽  
pp. 436-448 ◽  
Author(s):  
Warren Maroun ◽  
Magda Turner ◽  
Kurt Sartorius

This research seeks to add to the existing body of knowledge on the perceived impact of Capital Gains Tax (CGT) on the fairness of the South Africa Tax System. Building on the largely qualitative work done by Vivian (2006) and Smith (1776), this research makes use of an extensive literature review followed by a correspondence analysis to complement the existing body of research into this area. The literature review discuss the fairness criteria advanced by Smith (1776) (Smith’s tax canon) and identify ‘unfairness characteristics’ of CGT.  The correspondence analysis only tests the theories advanced in the literature review and revealed that there are potential sources of unfairness inherent in the Eighth Schedule to the Income Tax Act No. 58 of 1962 (the Eighth Schedule). These include the possibility that that CGT gives rise to double tax and imposes a high burden on taxpayer’s ability to bear the tax load.

2020 ◽  
Vol 16 (1) ◽  
Author(s):  
Richard Mclaughlan

New Zealand experiences widespread intergenerational housing inequalities. Millennials are far less likely than previous cohorts to access affordable housing and to own property. Large dwellings which are often more suited to young and expanding families are arguably underutilised by the older generation. Retirees are living longer and often stay in homes that they have lived in for most of their lives. This is exacerbated by distortions in our tax system which leave owner-occupied housing free from a capital gains tax. One way to phase out this generational discrepancy is motivating older generations to move to smaller homes towards the end of their life cycle. This would free up larger properties for first home buyers and ensure that retirees live in more suitable dwellings.


2016 ◽  
Vol 25 (3) ◽  
pp. 259-278 ◽  
Author(s):  
Jorge da Costa Eiras

Abstract An extensive literature review is made of the parasites in marine and freshwater fish in mainland Portugal, the Portuguese archipelagos of the Azores and Madeira, as well as in farmed fish. The host(s) of each parasite species, its location in the host, site of capture of the host, whenever possible, and all the available bibliographic references are described. The economic importance of some parasites and the zoonotic relevance of some parasitic forms are discussed. A general overview of the data is provided, and some research lines are suggested in order to increase and complement the current body of knowledge about the parasites of fish from Portugal.


2001 ◽  
Vol 4 (2) ◽  
pp. 234-253
Author(s):  
Zane A. Spindler

Public Finance and Public Choice principles are used to analyze the ideological and practical basis for the proposed introduction of a Capital Gains Tax into the income tax system of South Africa. The paper concludes that this is a flawed tax whose time has passed - especially for countries like South Africa.


2010 ◽  
Vol 6 (2) ◽  
pp. 1-32 ◽  
Author(s):  
Marc Pallot ◽  
Maria Antonia Martínez-Carreras ◽  
Wolfgang Prinz

This paper introduces the topic of “Collaborative Distance” within Distributed Collaboration as being an introduction to this Special Issue on Collaborative Working Environments1 (CWE). In this paper, the authors discuss various related concepts, identified during an extensive literature review, on both proximity and distance in distributed collaboration. Then, a Collaborative Distance Framework (CDF) is proposed in deriving its four dimensions and related factors from the existing body of knowledge. The following section discusses the interest of such a CDF and introduces the articles published in this special issue. The concluding section discusses the articles’ contributions, limitations and future work as well as recommendations for future research in this area.


Author(s):  
Silke De Lange ◽  
Danielle Van Wyk

Background: Disposing of a residential property by way of a lottery sounds peculiar, but a number of these transactions relating to residential properties in South Africa have recently taken place. As this is not an ordinary way of disposing of and acquiring residential property, it is submitted that it is necessary to explore the tax consequences resulting from such a transaction. Aim: The objective of this article is to explore some of the most pertinent South African tax consequences of such a residential property lottery transaction, from the viewpoint of the owner (‘seller’) who disposes of the residential property and the winner (‘purchaser’) who acquires the residential property in terms of the lottery. Setting: This article examines existing literature in a South African income tax environment to explore the tax consequences resulting from a disposal and acquisition of residential property by way of a lottery. Methods: A non-empirical study, which entails the study of the various South African tax provisions and an application thereof to the facts of the lottery transaction, was conducted. A doctrinal research approach was followed within the realm of exploratory research. Results: Disposing of and acquiring residential property by way of a lottery results in a number of actual tax consequences, as well as a number of uncertainties regarding taxes (referred to as uncertain considerations). Conclusion: The conclusion is reached that the possible tax consequences of such a transaction can create tax risks or can result in unintended tax consequences relating to inter alia income tax (including capital gains tax), transfer duty and donations tax. The insights provided in this article do not always result in conclusive answers but they may, however, result in further research to be conducted, and a number of such areas for further research were identified. Should residential property lottery transactions occur more frequently in South Africa in future, it is recommended that the South African Revenue Services (SARS) issues clear guidance on the tax treatment from the perspective of the owner and the winner of such a transaction to ensure that any uncertainties are dealt with correctly.


Author(s):  
Marc Pallot ◽  
Maria Antonia Martínez-Carreras ◽  
Wolfgang Prinz

This paper introduces the topic of “Collaborative Distance” within Distributed Collaboration as being an introduction to this Special Issue on Collaborative Working Environments1 (CWE). In this paper, the authors discuss various related concepts, identified during an extensive literature review, on both proximity and distance in distributed collaboration. Then, a Collaborative Distance Framework (CDF) is proposed in deriving its four dimensions and related factors from the existing body of knowledge. The following section discusses the interest of such a CDF and introduces the articles published in this special issue. The concluding section discusses the articles’ contributions, limitations and future work as well as recommendations for future research in this area.


2001 ◽  
Vol 4 (1) ◽  
pp. 1-25
Author(s):  
Zane A. Spindler

Public Finance and Public Choice principles are used to analyze the ideological and practical basis for the proposed introduction of a Capital Gains Tax into the income tax system of South Africa. The paper concludes that this is a flawed tax whose time has passed - especially for countries like South Africa.


Author(s):  
Paola Cristhina Stumpf Rodrigues ◽  
Rui Raposo

This article presents an analysis of Portuguese horror works, focusing mainly on the use of special effects for narrative strengthening while discussing the potential of digital special effects in the production of audio-visual content. The analysis, supported by the construction of a theoretical corpus based on an extensive literature review of work done by Portuguese and foreign authors, touches base with current practices and is complemented with the analysis of some recent works in the area of audio-visual production linked with the horror genre. The results of the work done allow us to consider that the progressive simplification of the access to technical tools and the functional literacy needed for audio-visual content production, including digital special effects, has created a more extensive space for exploring these solutions for storytelling and enhancing the creativity of those who want to tell engaging stories.


2014 ◽  
Vol 7 (3) ◽  
pp. 889-906
Author(s):  
Carien Straus ◽  
Leonard Willemse

Section 9H and paragraph 40 of the Eighth Schedule of the Income Tax Act No. 58 of 1962 (‘the Act’) determines that a person is deemed to dispose of all of his assets (bar a few exceptions) at market value when that person ceases to be a South African resident or passes away, respectively. This deemed disposal is treated as a disposal event for capital gains tax purposes in terms of the Eighth Schedule of the Act. The question that arises is whether this deemed disposal event gives rise to a recoupment in terms of section 8(4)(a). In practice there currently seems to be uncertainty with regard to this issue, as there are different interpretations and applications of these provisions. This article investigates the interaction between sections 8(4)(a), 9H and paragraph 40 of the Eighth Schedule in order to determine whether a section 8(4)(a) recoupment should be included, or not, in the taxpayer’s gross income according to paragraph (n) of the gross income definition found in section 1 of the Act.


2021 ◽  
Author(s):  
◽  
Katherine Favor

In the face of climate change and environmental degradation, conventional viticulture risks the threats of reduced soil fertility, increased heat stress, water scarcity, unseasonal frost, extreme climate events, wind damage, reduced biodiversity, increased erosion, and increased pest and disease pressure. Agroforestry is a sustainable land-use system proven to address many of these conservation and production issues, and yet, agroforestry's applications in viticulture have been severely overlooked. This thesis summarizes the existing body of knowledge surrounding vineyard agroforestry systems in an extensive literature review, and also contributes new research about olive tree and wine grape vineyard agroforestry systems in an arid and irrigated grape growing region in Mendoza, Argentina. The existing body of knowledge surrounding vineyard agroforestry systems shows that the incorporation of trees into vineyards reduces pest and disease pressure, prevents wind damage and erosion, increases stomatal aperture and leaf area, and protects vines against heat and frost damage. Existing research on competition for resources in vineyard agroforestry systems suggests that competition for water may not affect grapevines in a negative way, but that competition for nutrients may affect vines within 4 m of trees, although other studies suggest that trees may actually improve vineyard soil quality. Existing literature also shows that vine yield is reduced within 4 m of trees. Our experiment on a Malbec/olive tree alley cropped vineyard agroforestry system examined the effects of olive trees on grape quality, growth, and production parameters at five different distances from an olive tree hedgerow. Results revealed that proximity of grapevines to the hedgerow was associated with significantly higher quality must, including higher glucose/fructose levels, higher brix levels, higher must density, and higher total acidity. However, within 4 m of the hedgerow, grapevines also experienced significantly lower yield, with yield reductions up to 50 [percent] in vines at 2 m from the hedgerow. Our study also revealed that there were no significant differences in nutrient status between treatments in any pattern that would indicate competition, suggesting that competition for nutrients was not a major competitive factor. The information summarized in this literature review, along with the results of our study, broaden our understanding of vineyard agroforestry systems in different growing contexts and can help determine under which conditions agroforestry should be utilized as an appropriate technology in vineyards. In an arid region with a tree-crop combination of olives and grapevines, the presence of trees was correlated with higher must quality but lower yields. Depending on winemaker goals, the beneficial effects that trees impart on grape must quality parameters, in addition to their whole-farm benefits and ecosystem services, may be determined to outweigh the negative effects that trees have on yield in the rows nearest to trees. Additionally, as many arid grape growing regions anticipate higher temperatures in the coming years due to climate change, utilizing trees in vineyards may be an adaptive strategy for preventing future quality and yield reductions.


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