Coronation bleeds after court rules it must pay large tax bill | Business

Coronation shares lost more than 11% after the Supreme Court of Appeal ordered it to pay a large tax bill.The dispute involves the tax status of its Irish business. Coronation lost almost a billion rand in market value within an hour on Wednesday after the Supreme Court of Appeal ordered it to pay a large tax bill.

Last year, SARS took the judgment on appeal to the SCA, which had to decide whether the Irish business qualifies for the tax exemption. CGFM outsourced its investment management to Coronation Asset Managers and Coronation International, neither of whom was a tax resident in Ireland.

_Business R1 billion for MYANC looters to chow, that money won't even fix a single pothole!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Supreme Court of Appeal ruled against mining companiesMining companies lost challenging appeal on the certification of Silicosis class action at the Supreme Court of Appeal.
Источник: TheSAnews - 🏆 25. / 59 Прочитайте больше »