mg.co.za/article/2018-07-19-sars-guns-fo...d-tax-evasion-scheme
Sars guns for Wiese over multibillion rand tax evasion scheme
Gemma Ritchie 19 Jul 2018 11:42
Wiese, who was the wealthiest person in South Africa until the collapse of Steinhoff, told amaBhungane he "got no tax benefit from the scheme". (David Harrison/M&G)
Wiese, who was the wealthiest person in South Africa until the collapse of Steinhoff, told amaBhungane he "got no tax benefit from the scheme". (David Harrison/M&G)
Former Steinhoff chairperson Christo Wiese, has been implicated in alleged multibillion rand tax evasion schemes, amaBhungane reported.
On Thursday, the investigative journalism unit said papers filed in the Western Cape High Court show that the South African Revenue Service (Sars) wants Wiese and two other individuals to be held accountable for R217-million.
R217-million is a part of the R3.7-billion tax claim based on multinational oil and gas exploration company Tullow Oil’s “restructuring”, amaBhungane says.
According to the article, law firm ENSAfrica created an “aggressive tax structure” which Tullow used to shift assets worth R3.9-billion out of South Africa. Wiese was a former executive of ENSAfrica.
Wiese, who was the wealthiest person in South Africa until the collapse of Steinhoff, told amaBhungane he “got no tax benefit from the scheme”.
In April, the former billionaire lodged a R59-billion claim against Steinhoff over cash investments made by Wiese’s Titan Group in 2015 and 2016.
The case is expected to be heard next month in the Western Cape High Court.
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