Thu, January 16, 2025
[ Thu, Jan 16th 2025 ]: AOL
Massive new Trump tariffs are looming. Here's how these import 'taxes' work and who pays for them
[ Thu, Jan 16th 2025 ]: Kiplinger
Seven Tips to Land Your First Client as a Financial Adviser or Entrepreneur
[ Thu, Jan 16th 2025 ]: Forbes
Investing In Women: A Strategic Imperative For Diverse And Profitable Venture Capital
[ Thu, Jan 16th 2025 ]: Kiplinger
Asset Protection for Affluent Retirees in 2025
[ Thu, Jan 16th 2025 ]: Forbes
Made In America: 5 Strategies To Respond To Potential Tariffs
[ Thu, Jan 16th 2025 ]: Reuters
Bank of America profit rises on investment banking boost
[ Thu, Jan 16th 2025 ]: Reuters
M&T Bank fourth-quarter profit jumps 41% on higher fee income
[ Thu, Jan 16th 2025 ]: Kiplinger
A Strategic Way to Address the Tax-Deferred Disconnect
[ Thu, Jan 16th 2025 ]: timesnownews
UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants
[ Thu, Jan 16th 2025 ]: MSN
Team SA ready to showcase nation's potential at WEF in Davos
[ Thu, Jan 16th 2025 ]: MSN
US Firm Behind Adani Scandal Investigation Announces Closure
[ Thu, Jan 16th 2025 ]: Reuters
Bank CEOs expect Trump bump to business as profits surge
[ Thu, Jan 16th 2025 ]: MSN
THIS man married an actress who made her debut wi .. kh Khan and has net worth Rs 110 crore, she is...
[ Thu, Jan 16th 2025 ]: MSN
Why is Apple replacing Goldman Sachs as its credit card partner?
[ Thu, Jan 16th 2025 ]: TechRadar
Identifying the evolving security threats to AI models
[ Thu, Jan 16th 2025 ]: NDTV
The Difference Between Interim Budget And Full Budget
[ Thu, Jan 16th 2025 ]: Forbes
Five Web3 Trends To Watch In 2025: AI, DePINs, RWAs And Beyond
[ Thu, Jan 16th 2025 ]: sinchew
HKPC "ForeSight 2025" Explores Economic Future and Champions Sustainable Development in Hong Kong
[ Thu, Jan 16th 2025 ]: cnbctv18
Budget 2025 Expectations LIVE Updates: Key expect .. ster Nirmala Sitharaman's February 1 presentation
[ Thu, Jan 16th 2025 ]: Reuters
Indian central bank's daily liquidity infusion to aid money markets, traders say
Wed, January 15, 2025
[ Wed, Jan 15th 2025 ]: YourTango
People Who Master These 10 Challenges Almost Always End Up In Jobs They Love
[ Wed, Jan 15th 2025 ]: Forbes
The Future Of Finance: 2025 Is Calling
[ Wed, Jan 15th 2025 ]: Investopedia
Wondering if a College Degree Pays Off? See How It Affects Lifetime Income
[ Wed, Jan 15th 2025 ]: Newsroom
Taxing charities' business income would have 'devastating' impact on communities
[ Wed, Jan 15th 2025 ]: Forbes
Strategic Networking For CFOs In Transition
[ Wed, Jan 15th 2025 ]: NDTV
Union Budget 2025: Expectations Of Indian Startups From FM Nirmala Sitharaman
[ Wed, Jan 15th 2025 ]: Kiplinger
Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News
[ Wed, Jan 15th 2025 ]: Stockhouse
MineHub's 2024 Annual Update and Strategic Outlook for 2025
[ Wed, Jan 15th 2025 ]: Euronews
Kazakhstan's digital economy: Fintech growth, cashless payments, and cybercrime prevention
[ Wed, Jan 15th 2025 ]: bnnbloomberg
Trudeau and the premiers meet to discuss a response to Trump's threatened tariffs
[ Wed, Jan 15th 2025 ]: Forbes
Unleashing Your Financial Superpowers With AI
[ Wed, Jan 15th 2025 ]: AOL
Bitcoin and stocks have been moving in sync: Morning Brief
[ Wed, Jan 15th 2025 ]: WSPA
Upstate finance professional breaks down biggest tax changes for 2025
[ Wed, Jan 15th 2025 ]: ProPublica
Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.
[ Wed, Jan 15th 2025 ]: Reuters
Developer GuocoLand secures green loans totalling $908 million
[ Wed, Jan 15th 2025 ]: SHINE
Shanghai economy surpasses US$695.6 billion in 2024
[ Wed, Jan 15th 2025 ]: Reuters
French central bank recommends cut in popular savings account interest rate
[ Wed, Jan 15th 2025 ]: Reuters
UK banks resist mortgage rate hikes amid money market turmoil
[ Wed, Jan 15th 2025 ]: MSN
Economy May Grow 20% With Female Participation, World Bank Says
[ Wed, Jan 15th 2025 ]: MSN
Sluggish domestic demand leads to job market decline
[ Wed, Jan 15th 2025 ]: timesnownews
ITR Filing Deadline: Check Last Date To File Late ITR, Penalties And Other Details
[ Wed, Jan 15th 2025 ]: MSN
Exclusive: Brooks Macdonald makes senior layoffs
Tue, January 14, 2025
[ Tue, Jan 14th 2025 ]: Emirates247
MoHESR and DEWA join forces to align the scholarship programme with national priorities
[ Tue, Jan 14th 2025 ]: MSN
2 Dividend Stocks You Can't Miss in 2025
[ Tue, Jan 14th 2025 ]: MSN
Analysts Think This Under-the-Radar AI Stock Could Rally 20% From Here
[ Tue, Jan 14th 2025 ]: MSN
Bill Ackman Backs Former Hedge Funder Whitney Tilson For NYC Mayor: 'Can Help Save Us'
[ Tue, Jan 14th 2025 ]: Reuters
Climate Investment Funds secures $500 million debut bond for clean energy transition
[ Tue, Jan 14th 2025 ]: Kiplinger
How Another Trump Presidency Will Impact the Stock Market in 2025

Taxing charities' business income would have 'devastating' impact on communities

According to IRD, in order to successfully register with Charities Services a company's purpose must be fully charitable, defined as relieving poverty, advancing education or religion, or anything else that benefits the community. None of the charity's income can be used or made available to any of its members, trustees or associates.
The article from Newsroom discusses the potential impact of the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill on New Zealand charities. The proposed legislation would tax the business income of charities, which currently enjoy tax exemptions on such income if it is applied to charitable purposes. Critics argue that this change could have a "devastating impact" on communities, as many charities rely on business income to fund their operations. The article highlights concerns from various charity leaders who fear that taxing this income would reduce the funds available for community services, potentially leading to cuts in essential programs. They argue that the tax would not only affect the charities' financial stability but also the broader social fabric by diminishing the support provided to vulnerable populations. The piece also notes that the government's rationale for the tax is to ensure a level playing field with for-profit businesses, but critics counter that charities' primary aim is not profit but social good, making the comparison unfair.

Read the Full Newsroom Article at:
[ https://newsroom.co.nz/2025/01/16/taxing-charities-business-income-would-have-devastating-impact-on-communities/ ]