So in AUS you get a 30% profit tax break if you make an existing business owned by a charity?
That’s genuinely ridiculous in a positive way. Even if COA is zero, a philanthropist sitting on cash should do that immediately, and if COA is >0 it compounds even further?
So in AUS you get a 30% profit tax break if you make an existing business owned by a charity?
That’s genuinely ridiculous in a positive way. Even if COA is zero, a philanthropist sitting on cash should do that immediately, and if COA is >0 it compounds even further?
Almost to good to be true, so what am I missing?