SOUTH AFRICA Offshore finance Issue dated 12/04/2021

In last leg of long litigation, Levi's ordered to pay tax on royalties routed via Delaware

The Supreme Court has handed down a landmark judgement that will influence the country's tax authorities in their vast campaign against tax evasion. It ruled that Levi's Jeans must pay tax on part of its royalties transiting through Delaware and its sales commissions going through Singapore and Hong Kong. [...] (562 words)
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