JANUARY 2011 TAX NEWSLETTER

So, is NWK the new buzz in the world of tax?rnrnAs a result of the NWK decision at the end of 2010 (Commissioner for SARS v NWK Ltd [2010] ZA SCA 168), lenders and borrowers, who implemented tax effective financing structures, are (and should be) concerned that they may be at risk. Borrowers are frantically pulling out their files, contacting their advisors and their lenders and asking “who approved these arrangements?”rn