Flush New Zealand Charities Failing To Pay Out To... | Stuff.co.nz: aves and the have-nots", critics say.
Under current law, private schools, fee-charging hospitals and food giants reap the rewards of tax relief with no obligation to donate some of their profits.
The Government is $600 million out of pocket each year as the charities sector swallows $400m through income tax exemption and $200m in tax credit refunds, yet Cabinet decided against reviewing charity law last year through "fiscal cost" fears.
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