The Money Show’s Bruce Whitfield interviewed Ernie Lai King, Head of Tax at Hogan Lovells.
Lai King is calling for a tax amnesty to waive all interest and exchange control penalties prior to 28 February 2003.
Scroll down to read quotes from the audio below.
The 2004 amnesty was successful beyond my wildest expectations.— Ernie Lai King
The amnesty we’re proposing is less generous than previous ones.— Ernie Lai King
We’ve been approached by a bank waiting to repatriate R2 billion.— Ernie Lai King
I don’t think there’s much to lose.— Ernie Lai King
This article first appeared on 702 : Should SA give tax amnesty and waive interest/exchange control penalties?