Taxing times for charitable giving

Posted on 11 Sep 2023

By Greg Thom, journalist, Institute of Community Directors Australia

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"The rise of mega-donors has meant that the total of donations claimed as tax deductions continues to rise overall, with taxpayers with a taxable income over $1 million accounting for 18.24% of the total amount donated in 2020–21.”
Emeritus Professor Myles McGregor-Lowndes, Australian Centre for Philanthropy and Nonprofit Studies [ACPNS].
DGR donations snip