It is said that the only difference between tax avoidance and tax evasion is the width of the prison’s wall – but where exactly does SARS draw the line? For most taxpayers, it is easy enough to distinguish between what “feels” right or not, however tax legislation is based on principles far removed from emotions.
This course is the last of our 5-part series, and aims at distinguishing between the concept of tax evasion and avoidance.
This session will cover the following:
• Distinguishing between tax avoidance, tax planning and tax evasion
• Impermissible tax avoidance arrangements
• Specific anti-avoidance measures in tax legislation:
o Value shifting arrangements
o Trading stock
o Capital gains and losses
o Trusts and attribution rules
o Transfer pricing
• Interest and penalties related to tax avoidance and evasion
• Reportable arrangements
Taxpayers, tax practitioners, business owners, advisors and auditors might benefit from this course.
