Gupta e-mails reveal suspected multibillion-rand tax avoidance scheme

Evidence in the leaked Gupta e-mails points to a complex multibillion-rand tax avoidance scheme with family patriarch Atul Gupta at its centre.

Various tax experts said on Thursday that the transactions in the leaked e-mails pointed to evidence of a complex practice known as staggering or revolving loans. The Guptas appear to have used personal and inter-company loans to and from their group companies, many of which are located offshore…..more

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