BUSINESS

South Africa to tax winnings, limit unlicensed gambling

TAGs: Pravin Gordhan

SAfricaTaxNothing is said to be certain except death and taxes. Especially taxes. Pravin Gordhan, South Africa’s Finance Minister, has put his country on notice that their entire regime of taxation is up for review. Winnings from gambling, currently exempt from taxation, would lose their special status. In addition, plans are afoot “to limit opportunities for money laundering, unlicensed online gambling and other abuses.” You mean abuses like overtaxation? Read more.

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