Reply to post: claiming the tax back

World's richest bloke battles Oz catastro-fire with incredible AU$1m donation (aka load of cheap greenwashing)

sbt Silver badge

claiming the tax back

That's interesting. I don't know about the US, but here down under, donations to registered charities are tax deductable, but the taxpayer claims the deduction from the ATO (local Revenue equivalent). The charity doesn't get the break, only the benefit of the incentive.

UK 'gift aid' arrangements seem better, except that they're still a distortion of the tax system. I'd rather see these deductions abolished, along with a lot of other loopholes, like family trusts.

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