Studies have shown that Cape Town, Paarl, Durban, Port Elizabeth and East London are at risk to join the lost city of Atlantis by 2050 when flooding occurs.
“Businesses and consumers will feel the impact in their pocket, having to account for R1.8 billion in carbon tax as estimated by National Treasury in the 2019 Budget Review. But how?” writes Madelein Grobler, SAICA Project Director: Tax. “Eskom comes first to mind being impacted by Carbon Tax, having the largest carbon dioxide footprint of 205.5 million tonnes per its 2018 Integrated Report.
The other industry coming to mind is the petroleum and fossil industry. In this regard, Sasol’s preliminary estimates show that the impact of the tax can range between about R7 million and R2 billion pre-tax from the 2019 financial year. How and if these additional taxes will filter through towards consumers remains to be seen.
The additional carbon tax will also trickle down into cost of living everyday considering the most things in South Africa is transported by road. This fee would however include the mandatory report preparation and submission, where SMEs are required to submit to the DEA. In addition to the mandatory reporting, SMEs may be set back a further consulting fee5 of R20 000 to R50 000 where such SMEs are liable to pay carbon tax and submit a return.
Another making scheme. The levels of the ocean have not increased at all over the last 20 years, and the ice caps are growing thicker each year. Climate change is more liberal lunacy.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Comair chief Erik Venter calls it quits | IOL Business ReportIn a statement published on the Stock Exchange News Service, the company said Venter’s resignation was for personal reasons.
Fuente: IOL - 🏆 46. / 51 Leer más »
We know you’re busy, but please read the Ts & Cs | IOL Business ReportFundamentally, the Ts & Cs detail the rules that apply to fulfil a contract, whether that is an agreement, arrangement, or activity.
Fuente: IOL - 🏆 46. / 51 Leer más »
Transnet, CMI Emtateni terminate controversial R4.2bn port expansion contract | IOL Business ReportTransnet stopped all works in the project and launched a probe into the contract after receiving an unsolicited report from a private investigator.
Fuente: IOL - 🏆 46. / 51 Leer más »
Google ban on Huawei may have 'a negative effect' – Momentum | IOL Business ReportMomentum security analysts agree that the recent move by Google to ban Huawei from the Android platform is likely to have a 'negative effect on the company'. busrep
Fuente: IOL - 🏆 46. / 51 Leer más »
MTN closer to settling dispute in Nigeria | IOL Business ReportMTN moved closer to finalising one of its most international problems with the Nigerian Communications Commission announcing yesterday that the mobile giant had paid an R11bn fine. busrep busrep Nigeria needs to quit extorting MTN it’s enough now
Fuente: IOL - 🏆 46. / 51 Leer más »
WATCH: SA Reserve Bank keeps interest rates unchanged | IOL Business ReportReserve Bank Governor Lesetja Kganyago is announcing the bank's latest decision on interest rates hikes.
Fuente: IOL - 🏆 46. / 51 Leer más »
US weighs blacklisting five Chinese video surveillance firms | IOL Business ReportThe US is considering cutting off the flow of vital American technology to five Chinese companies.
Fuente: IOL - 🏆 46. / 51 Leer más »
SA Home Loans planning a course of action after kickback hearing | IOL Business ReportSAHL chief executive Kevin Penwarden said on Thursday that he could not at this stage comment on the contents of the board meeting itself.
Fuente: IOL - 🏆 46. / 51 Leer más »
Old Mutual suspends CEO Moyo over 'breakdown in trust and confidence' | IOL Business ReportOld Mutual has suspended CEO Peter Moyo with immediate effect, citing 'a material breakdown in trust and confidence between him and the board'. busrep What
Fuente: IOL - 🏆 46. / 51 Leer más »
Looters at SA Express face theft charges | IOL Business ReportForensic probe flags serious wrongdoing and erstwhile board members warned they will be prosecuted.
Fuente: IOL - 🏆 46. / 51 Leer más »
MTN's Nigeria listing is under investigation | IOL Business ReportMTN’s Nigeria listing is being investigated by local authorities, the latest in a series of disputes in the African wireless carrier's largest market. busrep Aag this Nigeria always on wrongs what's wrong actually
Fuente: IOL - 🏆 46. / 51 Leer más »