By exposing corruption, whistleblowers play a key role in ensuring that those who evade end up paying their fair share of taxes, writes Carika Fritz.
Carika FritzBy exposing corruption, whistleblowers play a key role in ensuring that those who evade end up paying their fair share of taxes, writesThe importance of whistleblowers was highlighted again recently in South Africa. In one of the reports released by Judge Raymond Zondo, who has headed up a commission of inquiry into state capture, he
that whistleblowers should be protected. He also recommended that they should be given an incentive to make disclosures – a monetary reward based on a percentage of the proceeds recovered on the strength of such information.The logic of these calls is that whistleblowers play a role in exposing corruption. In addition, they can expose those who evade paying their fair share of taxes.. This was due to a number of factors, including tax evasion.
In turn, the additional tax revenue can be used by government to realise the socio-economic rights of the people in South Africa.I believe that it can, but South Africa needs to sharpen its laws and regulations. At the moment, the country merely makes provision for reporting suspicious tax activity via a link.
I would argue that South Africa should learn from the US’s experience and introduce monetary incentives for tax whistleblowing. In particular, recent developments in the US provide some valuable insights into what South Africa could be doing to improve the
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