The income tax exemption of charities and the tax deductibility of charitable donations: The United States and Australia compared
Source: Australian Tax Forum Journal Article
Published Date: 1 Dec 2018
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.
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Details
- Published By: Fiona Martin CTA, Todd Timothy M
- Published On:1 Dec 2018
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