shopping_cart

Your shopping cart is empty

Is the tax regime for charities and not-for-profit entities “fit for purpose”?

Member Price: $35.00
Non Member Price: $45.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 01 Jul 23 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Tax concessions for charities and not-for-profifits are well established and available in most countries around the world. Australia is unique in providing concessions to an extremely broad range of entities beyond the notion of “charity”. Many of the specifific concessions were introduced decades ago, and there is no mechanism to check if the concessions are still justifified. This article considers some examples where the concessions are available to entities that either do not need or, alternatively it could be argued, do not deserve taxpayerfunded support. This article argues that as a result of the lack of concern about tax policy, the piecemeal approach to amending the legislation and the inertia about changing the system to remove provisions that no longer serve the intended purpose, we not only have a system that is not fifit for purpose, but could be described as “a dog’s breakfast”.

Author profile

Ann O'CONNELL
Ann is a Professor, Law School, Fellow, Monash University, Melbourne.
Current 1 December 2014
Click here to expand/collapse more articles by Ann O'CONNELL.

 

Copyright Statement