OECD worried about risks of generous tax relief for philanthropy

The OECD has published a report on tax policies to promote philanthropy, while taking steps to reduce the risk of abuse, including reassessing the charitable activities eligible for tax support to limit favourable treatment to areas consistent with government policy. The report reviews the tax treatment of philanthropic entities and philanthropic activity in 40 countries, and highlights a range of potential policy options, including tax relief designed to encourage charitable giving. It was produced in conjunction with the Geneva Center for Philanthropy. The report said there are co...