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Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic
Income tax has been and will continue to be the subject of much emotion, in some instances the distinction between tax evasion and tax avoidance being blurred beyond comprehension. MacDonald JP once vented his judicial spleen and hurled his person, with respect rather unceremoniously, armed with gow...
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| Format: | Thesis |
| Language: | English |
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Department of Commercial Law
2021
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| _version_ | 1867613305679380480 |
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| access_status_str | Open Access |
| author | Ngalwana, Vuyani R |
| author2 | Davis, D M |
| author_browse | Davis, D M Ngalwana, Vuyani R |
| author_facet | Davis, D M Ngalwana, Vuyani R |
| author_sort | Ngalwana, Vuyani R |
| collection | Thesis |
| description | Income tax has been and will continue to be the subject of much emotion, in some instances the distinction between tax evasion and tax avoidance being blurred beyond comprehension. MacDonald JP once vented his judicial spleen and hurled his person, with respect rather unceremoniously, armed with gown and gavel (perhaps much to the relief of the taxpayer's counsel), into a hysteria of emotional outburst as follows: [f]he avoidance of tax is an evil. Not only does it mean that a taxpayer escapes the obligation of making his proper contribution to the fiscus, but the effect must necessarily be to cast an additional burden on taxpayers who, imbued with a greater sense of civic responsibility, make no attempt to escape or, lacking the financial means to obtain the advice and set up the necessary tax-avoidance machinery, fail to do so. Moreover, the nefarious practice of tax avoidance arms , opponents of our capitalistic society with potent arguments that it is only the rich, the astute and the ingenious who prosper in it and that 'good citizens' will always .fare -badly. While undoubtedly the short term effects of the practice are serious, the long term effects could be even more so. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/35383 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:00.978Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Department of Commercial Law |
| publisherStr | Department of Commercial Law |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/35383 Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic Ngalwana, Vuyani R Davis, D M Tax Law Income tax has been and will continue to be the subject of much emotion, in some instances the distinction between tax evasion and tax avoidance being blurred beyond comprehension. MacDonald JP once vented his judicial spleen and hurled his person, with respect rather unceremoniously, armed with gown and gavel (perhaps much to the relief of the taxpayer's counsel), into a hysteria of emotional outburst as follows: [f]he avoidance of tax is an evil. Not only does it mean that a taxpayer escapes the obligation of making his proper contribution to the fiscus, but the effect must necessarily be to cast an additional burden on taxpayers who, imbued with a greater sense of civic responsibility, make no attempt to escape or, lacking the financial means to obtain the advice and set up the necessary tax-avoidance machinery, fail to do so. Moreover, the nefarious practice of tax avoidance arms , opponents of our capitalistic society with potent arguments that it is only the rich, the astute and the ingenious who prosper in it and that 'good citizens' will always .fare -badly. While undoubtedly the short term effects of the practice are serious, the long term effects could be even more so. 2021-11-26T08:21:58Z 2021-11-26T08:21:58Z 1996 2021-11-24T09:41:51Z Master Thesis Masters LLM http://hdl.handle.net/11427/35383 eng application/pdf Department of Commercial Law Faculty of Law |
| spellingShingle | Tax Law Ngalwana, Vuyani R Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| thesis_degree_str | Master's |
| title | Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| title_full | Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| title_fullStr | Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| title_full_unstemmed | Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| title_short | Utilisation of assessed losses in South Africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| title_sort | utilisation of assessed losses in south africa and an overview of some of the lessons to learn from some reported judgments on the topic |
| topic | Tax Law |
| url | http://hdl.handle.net/11427/35383 |
| work_keys_str_mv | AT ngalwanavuyanir utilisationofassessedlossesinsouthafricaandanoverviewofsomeofthelessonstolearnfromsomereportedjudgmentsonthetopic |