Print friendly
There needs to be a shake-up in the charity sector to ensure greater transparency and remove the tax advantages enjoyed by for-profit arms of large charity groups, public policy think-tank The New Zealand Initiative says.
The organisation’s latest report, Giving Charities a Helping Hand, analysed over a decade of regulatory change in the sector.
It found the rules were stacked against smaller operators while allowing commercial arms of large charities to claim income tax exemptions with little oversight.
“With about $16 billion flowing into charities a year, it is absolutely necessary to have effective regulation in place to maintain the public’s trust in the sector,” report author Jason Krupp said.
Read the full report
Related Posts:
News category: New Zealand, News Shorts.
