LSC CUMBERLAND EC202 MICRO>PKG<
LSC CUMBERLAND EC202 MICRO>PKG<
21st Edition
ISBN: 9781260586992
Author: McConnell
Publisher: MCG
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Chapter 17, Problem 9DQ
To determine

The principal-agent problem.

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In the context of the article below, discuss the Minister’s position in light of the principles of fairness as they relate to taxation.   SA's work visa reform plans slowed by tax issues   South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad visa for remote workers has been slowed by the need to amend tax regulations.   The impediment comes after an initial delay when changes to the visa regime had to be temporarily withdrawn because mandatory public consultation procedures hadn’t been followed. President Cyril Ramaphosa announced his intention to introduce a remote-working visa in his 2022 state-of-the-nation address.   “There is just a tax-related matter that needs to be addressed in the regulations,” Leon Schreiber, the country’s Home Affairs Minister, said in a response to queries. “Once that is done, the department will commence with the rollout.”   South Africa’s byzantine work permit regime, which means…
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