Today’s story is self-explanatory, interesting nonetheless, happy reading:
Australia – Call For Tax Concessions For Impact Investments
Pro Bono Australia
Social Ventures Australia (SVA) has called for tax concessions for impact investments in social enterprise, social impact bonds and social and affordable housing projects, in a submission to the Federal Government’s Tax White Paper Process.
The submission said current tax arrangements favour charitable Not for Profit organisations, particularly those that have Deductible Gift Recipient (DGR) status.
“Organisations that deliver similar if not the same services under a social enterprise or social impact bond structure benefit from few such exemptions despite often operating in a more sustainable manner,” the submission said.