Prediction: Not For Profits Will Be Paying Taxes Within Five Years

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Russell Halpern of the St.Ives Group in WA joined others in predicting that the Not For Profits will grow significantly stronger in the village sector, due to them having the “formula right”, with a product offer of village accommodation balanced with care options, coupled with strong balance sheets. He boldly stated he believed that they will also be paying taxes within five years. He did not elaborate whether that was GST or corporate tax or both. Nor did he cover whether their staff FBT tax advantages would be forsaken.