Tuesday, February 01, 2011

Helping Charity -- Beijing Review

Helping Charity -- Beijing Review: "Helping Charity
Private foundations have been growing fast, yet some bottlenecks linger
By WANG HAIRONG

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Xu said many other countries do not levy tax on charitable foundations' capital gains. He cited the United States as an example, where foundations are only required by law to spend 5 percent of their previous year's assets, and pay 1-2 percent tax for their investment income."

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