Botswana laws foster tax evasion - expert

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The country's current tax regime could come under attack from two of the world's most insidious tax evasion tactics, potentially lowering government's anticipated revenues, a leading expert has warned.

Giving his views on the 2012/13 budget last week, Deloitte senior partner, Max Marinnelli, said the mismatch between individual and company taxation introduced by last year's tax changes could lead to transfer pricing and thin capitalisation.

While both are legitimate business practice, tax evasion and thin capitalisation worldwide are abused to evade payment of tax.

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Women unite for progress

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