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South Africa has arrived at its Tax Freedom Day for 2025 — the day taxpayers theoretically stop working for the government ...
However, the effective operation of the VAT breaks down in the presence of exemptions. Unlike zero rates, exemptions deny input tax credits, thereby increasing production costs and resulting in VAT ...
Businesses appreciate the Trump administration’s approach to ensure that the US tax system and the global minimum tax framework don’t overlap, officials from some of the largest American corporations ...