Wednesday, May 17, 2006

VITA non profit online [ARTICLE: "Europe: facilitating Cross-Border Philanthropy"]

VITA non profit online [ARTICLE: "Europe: facilitating Cross-Border Philanthropy"]: "Europe: facilitating Cross-Border Philanthropy

di Redazione (redazione@vita.it)

15/05/2006

Ludwig Forrest, of the King Baudouin Foundation, reports on the challeng of facilitating cross-border philanthropy



It is well-known that most EU countries do not provide incentives for donors wanting to support a foreign beneficiary. Income tax deductibility is not granted for donations made by individuals and corporate donors to foreign beneficiaries, while cross-border donations and legacies are often taxed at the highest applicable gift and inheritance tax rates.

The launch of the www.givingineurope.org website and the promotion and extension of the Transnational Giving Europe (TGE) network are two important initiatives from the King Baudouin Foundation to improve the environment of cross-border philanthropy in Europe. This article focuses on TGE. "

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