The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute

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dc.contributor.authorIzak, Daniel Petrus Louwen_ZA
dc.date.accessioned2014-07-30T18:14:41Z
dc.date.available2014-07-30T18:14:41Z
dc.date.issued2014-07-30
dc.description.abstractOn 3 November 2005, the Minister of Finance explicitly recognised the need for a revised GAAR stating: 'What we can't accommodate is a rule which is intended to limit avoidance that is so abused and tatty with wear.' This paved the way for the SARS launching their 2005 discussion paper on GAAR. SARS, in their introduction, discussed and pointed out the ramifications of aggressive tax avoidance structures. SARS held further that not only do such structures, inter alia, affect the short-term revenue loss of the fiscus, but also influence the economy negatively from a longerterm perspective and weaken National Treasury's ability to successfully implement and govern economic policy. The result - the much-anticipated new GAAR measures, incorporated in twelve new sections of the Act, viz sections 80A - 80L, which came into effect for schemes or arrangements entered into, on, or after 2 November 2006.en_ZA
dc.identifier.apacitationIzak, D. P. L. (2014). <i>The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute</i>. (Thesis). University of Cape Town ,Faculty of Law ,Department of Commercial Law. Retrieved from http://hdl.handle.net/11427/4636en_ZA
dc.identifier.chicagocitationIzak, Daniel Petrus Louw. <i>"The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute."</i> Thesis., University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014. http://hdl.handle.net/11427/4636en_ZA
dc.identifier.citationIzak, D. 2014-07-30. The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Izak, Daniel Petrus Louw AB - On 3 November 2005, the Minister of Finance explicitly recognised the need for a revised GAAR stating: 'What we can't accommodate is a rule which is intended to limit avoidance that is so abused and tatty with wear.' This paved the way for the SARS launching their 2005 discussion paper on GAAR. SARS, in their introduction, discussed and pointed out the ramifications of aggressive tax avoidance structures. SARS held further that not only do such structures, inter alia, affect the short-term revenue loss of the fiscus, but also influence the economy negatively from a longerterm perspective and weaken National Treasury's ability to successfully implement and govern economic policy. The result - the much-anticipated new GAAR measures, incorporated in twelve new sections of the Act, viz sections 80A - 80L, which came into effect for schemes or arrangements entered into, on, or after 2 November 2006. DA - 2014-07-30 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute TI - The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute UR - http://hdl.handle.net/11427/4636 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/4636
dc.identifier.vancouvercitationIzak DPL. The New General Anti-Avoidance Rule: A comprehensive discourse on this Statute. [Thesis]. University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/4636en_ZA
dc.language.isoenen_ZA
dc.publisher.departmentDepartment of Commercial Lawen_ZA
dc.publisher.facultyFaculty of Lawen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleThe New General Anti-Avoidance Rule: A comprehensive discourse on this Statuteen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameLLMen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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