Dear Subscriber,

South Africa is Miami-Dade County´s foremost African trade partner. In 2006, trade between Miami-Dade County and South Africa exceeded $213 million. The exuberant growth of the South African economy over the years continues to

produce new business and investment opportunities.

On the 17th April 2006, Vision Equity, Mirzam Holdings LLC and The Perfect Portfolio hosted a welcoming reception for the business development mission from the Miami-Dade County and South Florida, USA.

This business development mission was lead by the Honorable Commissioner Natacha Seijas, Honorable Commissioner Audrey Edmonson, and Honorable Commissioner Sally H, Heyman, who were accompanied by a delegation of community and business leaders.

The purpose of this mission to South Africa was to provide great opportunities for Miami-Dade County´s businesses to engage with their counterparts and enterprises in South Africa.

TAXtalk was invited to interview a few of the distinguished guests and this interview will be made available to our readers in the next TAXtalk newsletter.

Tax Issues
The issue of labour brokers is a thorny one when it comes to tax. Anton Lockem, tax manager of PricewaterhouseCoopers discussed this matter on Tax Issues. Click here for a summary of the full interview. Tax Issues is broadcast on Mondays at 20h40 and again at 22h40 on SUMMIT TV (DSTV CHANNEL 55).

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Until next week.
Head of TAXtalk

Sanchia Temkin, Professional Services Editor - Business Day

TOP managers in companies are largely responsible for fraud, says a new KPMG report released this week.

The study confirms President Thabo Mbeki`s statements at the international corruption conference last week where he said corruption was not a crime of poverty as it was committed by senior staff in both the private and public sector.

Bennie Botha - PricewaterhouseCoopers

The Small Business Tax Amnesty granted by the South African Revenue Service (SARS) is considered to be extremely generous. For the price of a very small levy, successful applicants for amnesty will have their tax slate wiped clean regarding all business income earned in tax years prior to 2006.

eTaxJobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

• European Tax Manager, Kellogg's, Dublin, Ireland
• Manager, Income Tax International, Burger King, Miami, USA
• VP Tax Structuring, US Investment Bank, Stockholm, Sweden
• International Tax Manager, UK Listed Company, Luxembourg
• Senior Transfer Pricing Professional, NERA Economic Consulting, London, UK

Interview with Anton Lockem, tax manager of PricewaterhouseCoopers

The issue of labour brokers is a thorny one when it comes to tax. Anton Lockem, tax manager of PricewaterhouseCoopers discussed this matter on Tax Issues, broadcast on Summit TV on Monday night.

Ettiene Retief, Editor-in-chief - Fleet Street Productions

It was once said that if things seem to be going well then you`re not paying attention. You could argue the negativity and pessimism of this view until the cows come home, but reality tells the true story.

It is the year 1998. Meet Joe Public, a 30 year-old living in a downtown Manhattan loft apartment overlooking the World Trade centre. He is an unusual character in the sense that he invests his own capital and relies on this investment to generate an income of $30,000/month. His goal is to continue to grow his capital (a tidy sum of $2m) to the value of $200m over the following 70 years such that he is able to make a meaningful contribution to some needy cause.

From personal individual tax to significant company tax changes - the subject is a hotly debated issue throughout South Africa's corporate environment. Tax Issues - every Monday at 20h40pm and again at 22h40pm - demystifies some of the latest developments and issues being discussed in the corridors of power. Tax Issues will cover; The impact of pending new tax laws on individuals and companies, The capital gains tax debate, New SARS initiatives to collect tax Changes to tax benefits, The VAT vs personal tax debate.

Do you have something to say? Do you have an area of interest or expertise that you believe is something you can contribute for the interest of our readers? Do you want to share your views with like-minded people?

If so, send your submissions by email to (janine@taxtalk.co.za), fax (27 11 476 5004) or post (P.O. Box 1650, Gallo Manor 2052) and be heard!

We will publish the best stories and viewpoints on our website &/or in our weekly newsletter.