South African corporates listed on foreign stock exchanges as well as local companies in business with foreign listed firms are increasingly coming under pressure to comply with foreign anti-corruption legislation. This is according to David Rix, commercial forensics consultant at Caveat Legal. Rix says that all companies doing business in South Africa are required to […]
1. The position and perception of offshore trusts As a result of the global move towards tax transparency and the need for governments worldwide to increase their tax base, there has for the last decade or so been continued pressure on offshore trusts, and especially the way in which they are used for tax planning.