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Taxman offers solar bonanza

By unknown | Jan 23, 2008 | COMMENTS [ 0 ]

An offer from the taxman, allowing businesses to claim back 150percent of what they contribute to finance government's drive to fit critical traffic lights with solar-power, has attracted R40million from two unnamed corporations.

The directive lets a corporation which finances R20million of solar-powered traffic lights to knock R30million off its tax bill. - Robert Laing


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