| 15.09.2010 - New Islamic tax laws ‘will spur investment’ |
| From Businessday.co.za: New tax laws will level the playing field between Islamic banks and conventional banking, say banking and tax analysts. The new laws are intended to encourage foreign direct investment into SA, says Amman Muhammad, MD for Absa Islamic Banking. Mr Muhammad says the current tax laws prejudice Islamic finance and undermine SA’s financial role in nonwestern markets as a regional financial centre..............................................Full Article: Source |