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ILLICIT FUEL TRADE IN SIN TAXES AND THE EFFECT ON COMPLIANT TAXPAYERS: This article highlights the nature of illicit fuel trading in sin taxes and its effect on companies, society, and the environment.

Authors :
DIKOTLA, MANGADI
Source :
TAXtalk; Sep/Oct2022, Issue 96, p17-19, 3p
Publication Year :
2022

Abstract

The article informs about the issue of illicit fuel trade in South Africa, driven by factors such as rising fuel prices and the impact of the COVID-19 pandemic, raising concerns about its impact on the economy. Topics include the illegal mixing of diesel with paraffin, the use of an invisible tracer marker to detect such mixing, and the consequences of fuel theft from Transnet's multi-product pipeline, including infrastructure damage, health risks, and environmental damage.

Details

Language :
English
ISSN :
23078324
Issue :
96
Database :
Complementary Index
Journal :
TAXtalk
Publication Type :
Periodical
Accession number :
172925515