British Fund Raisers Warn Against Changing Gift Tax Break
March 10, 2009
British fund-raising experts consulted by Third Sector Online warn against adapting the Obama administration’s plan to curb tax breaks for upper-income donors to the comparable British program, known as Gift Aid.
The British tax-collection authority, HM Revenue & Customs, is conducting research on how much tax breaks motivate giving.
In an editorial, The Wall Street Journal blasts the Obama plan, noting appeals by “the true-blue liberals,” which the paper says dominate the nonprofit world, against trimming the charitable deduction for households earning more than $250,000 a year.
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