A group income tax system for South Africa

dc.contributor.advisorBotha, Dereken_ZA
dc.contributor.advisorHaupt, Phillipen_ZA
dc.contributor.authorMahuma, Keaobaka Percivalen_ZA
dc.date.accessioned2016-02-29T12:02:36Z
dc.date.available2016-02-29T12:02:36Z
dc.date.issued1997en_ZA
dc.descriptionBibliography: pages [115]-120.en_ZA
dc.description.abstractThis thesis establishes a group income tax system for South Africa so that equity may be achieved between the burden of company income tax borne by shareholders who invest in companies that are structured through subsidiaries and shareholders that invest in companies that are structured through divisions. For example, intercompany profits and losses of a revenue nature are subject to income tax whereas interdivisional profits or losses of a revenue nature are not subject to income tax. Also, tax losses incurred by a company are not deductible from taxable income of other companies within the same group whereas in the case of a company that is structured through divisions losses incurred by a division are deductible from income of other divisions of the same company. The study is classified as 'microcomparison' whereby legal problems that exist in one country are studied on a comparative legal basis. Accordingly, the objective of the thesis is achieved by undertaking a comparative study of group income tax law in the United Kingdom and United States of America for equitable group income tax treatment of problems that exist within the current South African company income tax system. First, the definition of 'a group' is established, after which a group income tax treatment of group transactions and tax losses is established to eliminate the inequities that are inherent in the South African income tax system. Throughout the study it is demonstrated that these inequities exist in spite of the current income tax avoidance provisions (for example s103 and the connected persons rules). The conclusions made in the study indicate that the inequity that exists in the South African company income tax system should be eliminated.en_ZA
dc.identifier.apacitationMahuma, K. P. (1997). <i>A group income tax system for South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,College of Accounting. Retrieved from http://hdl.handle.net/11427/17345en_ZA
dc.identifier.chicagocitationMahuma, Keaobaka Percival. <i>"A group income tax system for South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,College of Accounting, 1997. http://hdl.handle.net/11427/17345en_ZA
dc.identifier.citationMahuma, K. 1997. A group income tax system for South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Mahuma, Keaobaka Percival AB - This thesis establishes a group income tax system for South Africa so that equity may be achieved between the burden of company income tax borne by shareholders who invest in companies that are structured through subsidiaries and shareholders that invest in companies that are structured through divisions. For example, intercompany profits and losses of a revenue nature are subject to income tax whereas interdivisional profits or losses of a revenue nature are not subject to income tax. Also, tax losses incurred by a company are not deductible from taxable income of other companies within the same group whereas in the case of a company that is structured through divisions losses incurred by a division are deductible from income of other divisions of the same company. The study is classified as 'microcomparison' whereby legal problems that exist in one country are studied on a comparative legal basis. Accordingly, the objective of the thesis is achieved by undertaking a comparative study of group income tax law in the United Kingdom and United States of America for equitable group income tax treatment of problems that exist within the current South African company income tax system. First, the definition of 'a group' is established, after which a group income tax treatment of group transactions and tax losses is established to eliminate the inequities that are inherent in the South African income tax system. Throughout the study it is demonstrated that these inequities exist in spite of the current income tax avoidance provisions (for example s103 and the connected persons rules). The conclusions made in the study indicate that the inequity that exists in the South African company income tax system should be eliminated. DA - 1997 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1997 T1 - A group income tax system for South Africa TI - A group income tax system for South Africa UR - http://hdl.handle.net/11427/17345 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/17345
dc.identifier.vancouvercitationMahuma KP. A group income tax system for South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,College of Accounting, 1997 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/17345en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentCollege of Accountingen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherTaxationen_ZA
dc.subject.otherIncome tax - South Africaen_ZA
dc.titleA group income tax system for South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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