South African Skeptics

South Africa’s expat tax is coming

Offline brianvds

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    • Brian van der Spuy
South Africa’s expat tax is coming – and there’s only one way to legally avoid it

https://businesstech.co.za/news/finance/299926/south-africas-expat-tax-is-coming-and-theres-only-one-way-to-legally-avoid-it/

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The unforeseen consequence of this, he said, is that it incentivises skilled South Africans abroad to simply not come back.

“The skilled talent – and we have such a small base – is saying, ‘you know what, I need some experience globally for a period of time, and I will come back’ – and SARS is thinking of a short term gain – let’s tax them.”

“These skilled people will now go ‘hang on, actually why should I come back?'” he said.


Offline BoogieMonster

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It's what I would do.... just renounce and not come back.

It's a lesson New York also learnt quite recently.
"Monkey killing monkey killing monkey over pieces of the ground, Silly monkeys, give them thumbs, they make a club and beat their brother down. How they survive, so misguided, is a mystery. Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here" - Tool


Offline brianvds

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    • Brian van der Spuy
It's what I would do.... just renounce and not come back.

It's a lesson New York also learnt quite recently.

My impression of younger people today is that they are simply not as patriotic or wedded to their countries as they used to be. Make things difficult for them here, and they'll simply leave and not come back.