Showing posts with label Tax exemptions. Show all posts
Showing posts with label Tax exemptions. Show all posts
Sunday, March 23, 2025
Juliet Chevalier-Watts, Frank Scrimgeour: The viability of some charities could rest on how they’re taxed....
Labels: Business + Economy, donations, Juliet Chevalier-Watts, Social contract, Tax exemptionsThe viability of some charities could rest on how they’re taxed – we should be cautious about changing the rules
There have long been calls for New Zealand’s charity-linked businesses to lose their tax exemption status. Under the current rules, companies such as Sanitarium, which is wholly owned by the Seventh-day Adventist church pay no income tax.
This could all change very soon.
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