global charity

12Jun08

An interesting podcast on Global Philanthropy on ft.com tells us that taxes have not yet caught up with international donations..

More and more people are giving to charity overseas. But how do governments act?
Pressures from the EU Commission have been increasing. This issue takes us to the Treaty of Rome which promotes the free movement of capital. And the problem is that discriminatory tax breaks don’t comply with the treaty. The Commission has approached the UK, Ireland, Belgium and Poland to reform their tax rules. These are not the only countries that have discriminating tax rules, but they are the ‘priority’ ones.

The challenge nowadays would be to improve the tax situation.

Umbrella organizations are doing their own charity acts — they act as consultants and providers of services to individual donors. They improve referral programs and transparency in the field.

Global charity involves a lot of issues. I will get back to this topic.

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