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The income tax exemption of charities and the tax deductibility of charitable donations: The United States and Australia compared

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Published on 01 Dec 18 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

This article analyses and compares the income tax exemption for charities and the tax deductibility of donations to charities in the United States of America and Australia both from a fiscal and social perspective. It commences with an explanation of not-for-profit status and the development of the legal concept of charity in both countries. It then compares the different approaches in Australia and the US to this legal concept and the rise of the income tax exemption and its significance both financially and socially.

Author profiles

Dr Fiona Martin CTA
Fiona is a Professor of Taxation and Business Law School of Taxation & Business Law UNSW Business School University of New South Wales. - Current at 29 May 2019
Click here to expand/collapse more articles by Fiona MARTIN.
Timothy M Todd
Timothy Associate Dean for Academic Affairs and Professor of Law, Liberty University School of Law, US.
Current at 1 December 2018

 

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