Charitable Donations Could Drop Under Labors CGT Overhaul: Charity Groups

Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel CarrettCharities and philanthropic organisations could be caught up in the federal government’s plan to set a minimum 30 percent tax on capital gains and discretionary trusts, the Senate Economics Legislation Committee has heard.Attended by senators and representatives from the Australian Tax Office (ATO) and Department of Treasury, the June 16 hearing fielded numerous questions over whether sufficient planning had gone into the government’s tax reforms.