{"id":134,"date":"2006-09-14T11:13:36","date_gmt":"2006-09-14T09:13:36","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2006\/09\/14\/south-africa-hits-avoidance\/"},"modified":"2006-09-14T11:13:36","modified_gmt":"2006-09-14T09:13:36","slug":"south-africa-hits-avoidance","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2006\/09\/14\/south-africa-hits-avoidance\/","title":{"rendered":"South Africa hits avoidance"},"content":{"rendered":"<p><a href=\"http:\/\/allafrica.com\/stories\/200609130403.html\">News reports<\/a> suggest that South Africa will publish its long awaited new anti-avoidance legislation next week. <\/p>\n<p>This is good news. The legislation should be a full blown general anti-avoidance principle. Reports suggest that:<\/p>\n<p><em>Transactions will need to have intrinsic &quot;commercial substance&quot; to pass muster with SARS and must be aligned with the spirit of the legislation or have &quot;statutory purpose&quot;.<\/p>\n<p><\/em>If South Africa can get the wording of this right it's another great story from there this week - because they'll then be blazing a path for others to follow, including, one hopes those who are seeking to create the objective tests on controlled foreign companies that are needed in the wake of the <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2006\/09\/13\/cadbury-schweppes-an-analysis\/\">Cadbury Schweppes decision<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News reports suggest that South Africa will publish its long awaited new anti-avoidance legislation next week. This is good news. The legislation should be a<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2006\/09\/14\/south-africa-hits-avoidance\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}