South Africa: Firms Lax on Tax - Deloitte

Johannesburg — ALTHOUGH the majority of South African companies (86%) consider tax risk management to be important to their organisations, only 19% have a formal tax risk strategy in place, according to research released by Deloitte yesterday.

This contrasts with the UK, where 66% of the FTSE's 350 companies disclosed last year that they had documented their policies.

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