BURS to probe Swiss bank account holders?

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An official of the Botswana Unified Revenue Service (BURS) warned this week that they would investigate whether citizens and residents of Botswana revealed as having Swiss bank accounts had declared their accounts for tax purposes.

The official, who asked not to be named, said an investigation would start once the service obtained the names of the account-holders, either from informants or media reports. Attempts to get an official statement from BURS this week were unsuccessful.

Botswana law requires the declaration of foreign accounts so that earnings on these investments can be taxed.

Editor's Comment
Diamond deal demands transparency

Instead, it has sparked a storm of accusations, denials, and unresolved questions about the influence of De Beers on the nation’s politics. Former president Mokgweetsi Masisi’s claims that the diamond giants bankrolled his removal to dodge taxes – and that the new Umbrella for Democratic Change (UDC) government watered down a favourable diamond deal – are explosive matters. But without evidence, they risk becoming a toxic distraction from...

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