Electronic Theses and Dissertations (Masters)

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Browsing Electronic Theses and Dissertations (Masters) by School "School of Accountancy"

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    A comparative analysis of income tax provisions applied to cross border secondment arrangements in South Africa and the UK
    (2022) Sibeko, Thulile
    The world has in recent years become increasingly interconnected as a result of massively increased trade and cultural exchange, and cross-border mobilisation is more frequently discussed in many companies. Most multi-national companies have a global mobility policy in place, which sets out the parameters for cross-border employment. As the internationalisation of South African business activity sped up enormously over the last half century, cross border employment will be one of the priorities for South African multinational companies as well as the South African Revenue Service (‘SARS’). (Mohan, 2016.) The purpose of this report is to examine and compare the legislative, administrative and judicial approaches to cross border employment in South Africa and contrast this with those adopted and endorsed by the United Kingdom. This report will also analyse the implications of an entity creating a permanent establishment through secondment contracts and also tax implications for the employees. The report will provide a comprehensive analysis of the income tax provisions applicable to the residency and non-residency of both the entity and the individual, thus analysing the definition of a resident in s 1 of the Income Tax Act 58 of 1962 in South Africa and UK section 1A(4) of the Finance Act of 2019 in the United Kingdom. The United Kingdom has been rated one of the top countries where South Africans would like to work and to which South Africans would like to emigrate (BusinessTech, 2020). The United Kingdom is also one of South Africa’s main trade partners (IOL Business, 2020). South Africa has a double tax agreement with the United Kingdom. South Africa and the United Kingdom are on a progressive tax system. (SARS 2021) (Brady, 2019)
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    An assessment of integrated thinking levels among JSE-listed entities
    (2022) Ecim, Dusan
    Integrated thinking involves a holistic, multi-capital approach to decision-making and operations to promote value creation and sustainability. The IIRC has defined integrated thinking and promoted its value extensively. However, there is a lack of information, both in practice and in academic literature, dealing with how to implement and evaluate integrated thinking. This study assesses integrated thinking in terms of the definition, the benefits and challenges of implementation and the controls necessary to implement this concept. A model developed by Trialogue is then used to evaluate integrated thinking levels based on underlying principles/indicators. This framework is applied to a sample of 97 JSE listed entities’ integrated reports, and, using a qualitative content analysis approach, the framework is used to score the integrated thinking levels. Results reveal that entities in South Africa are scoring well on integrated thinking principles, primarily geared through the strong governance and reporting structures in place. Remuneration and performance management have, however, been identified as a weakness. Using an exploratory factor analysis, results reveal that three factors contribute to a high portion of the variance in integrated thinking. These factors are [1] managing of and reporting on value creation; [2] stakeholder awareness and corporate accountability; and [3] governance. This has revealed that entities are in different stages of integrated thinking application being an early/ developing stage, an emerging integrated thinking logic or a strong integrated thinking logic. Significant statistical relationships are identified between the factors and entity-specific metrics which point towards potential drivers of integrated thinking. An integrated thinking framework can be used as a practical tool by stakeholders to gauge and benchmark the level of integrated thinking taking place in an entity. An entity can also use this framework as a guiding tool on the steps needed to execute on various integrated thinking principles.