Published Date: 1 Jul 2023
Tax concessions for charities and not-for-profits 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 specific concessions were introduced decades ago, and there is no mechanism to check if the concessions are still justified. 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 taxpayer-funded 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 fit for purpose, but could be described as “a dog’s breakfast”.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
The material is copyright. Apart any fair dealing for the purpose 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.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.