Kerre Woodham: High time the charity loophole was closed
Finance Minister Nicola Willis is promising tax changes ahead for charities and the closing of loopholes, and the details of that will be announced in next year's budget. And not before time, you'd have to say.
There's about $2 billion, it's estimated, in untaxed profit in the charitable sector, and politicians of varying hues have been eyeing up that revenue potential for some time. I think both Christopher Luxon and Chris Hipkins have said on this show that the charities loophole is something they want to look at. There's also the issue of fairness. A number of charities, operators…
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