Tuesday, June 22, 2010

A view of wealth & philanthropy from the other side of the pond

http://www.civilsociety.co.uk || Established in 1990, Civil Society Media is an independent company helping charities and other civil society organisations deliver sustainable public benefit by the provision of essential information and training for their employees and trustees. We do this through a range of high quality magazines and websites, rigorous research, practical training courses, stimulating conferences and the flagship Charity Awards programme that celebrates managerial excellence. Civil Society Media aims to operate to the highest ethical and business standards and is an equal opportunities employer.
Capital gains tax rise 'good for philanthropy'

The rise in Capital Gains Tax announced in the emergency Budget could have a positive impact on philanthropy if wealthy individuals seek to avoid paying the higher rate by gifting more assets to charities.
Neil Simpson, commercial partner at accountancy firm haysmacintyre, told Civil Society that the rise in CGT for higher-rate taxpayers from 18 per cent to 28 per cent would only enhance the value of the exemption donors receive when they give assets to charity, so could encourage more philanthropy amongst the rich.

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