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Charitable trust law authorizes surnamed trusts, and provides no convenient mechanism to force a name change even hundreds of years after the founder's death. Tax law treats the use of a surname as harmless. A founder's ability to surname can provide a significant benefit to the founding family...
Persistent link: https://www.econbiz.de/10013039441
Many EU Member States only grant tax incentives to resident charities. This limits the choice of donors and restricts the free movement of capital. The paper discusses this problem and the action taken by the European Commission, the ECJ (the Stauffer and Persche cases) and private organisations
Persistent link: https://www.econbiz.de/10013118472
In the Netherlands, special tax incentives apply for so called ‘public benefit pursuing entities' (hereinafter PBEs). Currently, the Dutch tax authorities have registered 50.000 PBEs. The main criterion is not whether the activities or the entities are not for profit, but whether these...
Persistent link: https://www.econbiz.de/10013066971
Individuals often fund charitable gifts with their savings or retirement benefits. However, such benefits, other than those from a Roth individual retirement arrangement, are generally included in the individual's gross income when received, and may not be deductible from the donor's income....
Persistent link: https://www.econbiz.de/10012898127
The Congressional testimony provides a framework for thinking about the role of the charitable deduction in the federal income tax. As changes to the deduction are weighed by policymakers, it is important to consider: (1) the existing characteristics and policy tenets of the charitable...
Persistent link: https://www.econbiz.de/10013110826
Behavioral economics introduced the concept of salience to law and economics. In the area of tax policy, salience refers to the prominence of taxes in the minds of taxpayers. This article complicates the literature on salience and taxation by introducing the concept of “hypersalience,” which...
Persistent link: https://www.econbiz.de/10013112488
not charity or a reduction of standard of living but self-service, and the payment is not properly deducted. This proposal … but the taxpayer attended services or events put on by the charity. Deductions would be allowed only for payments to the … charity in excess of the floor. Similarly, a deduction for unrealized appreciation of property given to charity is a way of …
Persistent link: https://www.econbiz.de/10014192286
capital gains by LPs when they contribute their partnership interests to a charity. We explain how such taxable gains upon … the capital gain tax liability they might incur upon contribution of their fund holdings to a charity …
Persistent link: https://www.econbiz.de/10013309421
The philanthropic sector is highly consequential, particularly in the United States, and the most important policies directed toward this sector are tax policies. Yet most economic analysis of the optimal tax treatment of charitable giving is ad hoc, treating it as a subject unto itself. This...
Persistent link: https://www.econbiz.de/10014421177
This article explores a long-standing research and policy question on whether tax incentives for charitable giving are desirable from legal and economic perspectives. The author discusses legal and empirical aspects that are important in designing tax incentives for charitable giving. Firstly,...
Persistent link: https://www.econbiz.de/10014263739