CHARITABLE GIFTS AND BEQUESTS
TAXATION EXEMPTION SUGGESTED There could be a strong case made for individuals and companies to be allowed income tax deductions, perhaps with a statutory limit, for gifts to charities, said Mr W. E. Truman at a meeting of the council of the Canterbury Chamber of Commerce last evening. Such deductions, he said, were allowed in the United States for grants to a wide range of recognised Charities. Mr Truman .also said that the latest amendment to the legislation on death duties had had the effect of removing the exemption previously given to charitable bequests. Charities now enjoyed no greater benefit than a stranger who was a beneficiary. His proposal that the taxation vigilance committee should examine the position was adopted by the council, after Mr R. A. Witbrock had said it was not for the chamber to take a lead, but it could well support any charitable or religious organisation which raised the matter. ’
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Press, Volume XCIII, Issue 27989, 8 June 1956, Page 13
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158CHARITABLE GIFTS AND BEQUESTS Press, Volume XCIII, Issue 27989, 8 June 1956, Page 13
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