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South Africa to Host Global Tax Forum Meeting
Source: BuaNews
Source Date: Thursday, November 10, 2011
Focus: Institution and HR Management
Country: South Africa
Created: Nov 10, 2011

According to Manyi, the meeting will be an opportunity for South Africa and its counterparts to initial or sign Tax Information Exchange Agreements that have been negotiated but not signed as yet.

"The signing of these agreements would allow for the sharing of information for tax purposes and counter tax avoidance activities," he explained.

With the exception of Africa, every geographic region in the world has had the opportunity to host an annual meeting of Global Forum. South Africa will become the first African country to host a meeting of the global Forum.

"Hosting [the meeting] may lead to the establishment of greater networks for the exchange of tax information between African countries and their international partners. The South African economy will benefit from the presence of foreign visitors."

He added that it will also be an opportunity for SA to underscore the importance of tax compliance in support of economic and social development.
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