Not for profits given a break by the Henry tax review – no changes to charitable status

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The Rudd Government did not take up the recommendation from Dr. Henry’s tax review for charities to lose key FBT and GST concessions. His argument was the businesses that not-for-profit operate for the purpose of generating a ‘surplus’ should not receive the GST exemption and the staff of such ‘businesses’ should not receive the exemptions up to a value of $15,000 on a FBT items in their salary package. The government did not take up any of these recommendations.

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