KPMG's new report new report, Tax, Sovereign Wealth Funds and Pension Funds: A new approach for a new environment, provides insights into how sovereign wealth funds and pension funds approach important market developments.
This paper examines the shifting infrastructure investment market, the evolving investment approaches of SWFs and Pension Funds and the implications of key standards and principles such as GIPS, BEPS and the Santiago Principles. In addition, we have aimed to provide valuable insights into how institutional investors can start to turn the tide of public perception within this industry. Drawing on experience and insights of the KPMG global network, this paper aims to add to the growing body of knowledge about tax transparency, particularly for institutional investors.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.