Elsewhere online
April 06, 2015

New Chinese Law Would Introduce Tax Breaks for Charities

A proposal under consideration by Chinese authorities could significantly ease regulatory burdens on nonprofit groups, open new avenues for fundraising, and offer tax exemptions to charities and their donors, Reuters reports. The newly prepared draft law would allow organizations to register directly with the government rather than through an officially backed sponsor, as is currently required, and authorizes additional means to raise money, including donation boxes and charity events.

The draft has been circulated among scholars and charitable foundations, but it is unclear when it might be passed. Reuters says the measure reflects growing official concern in China about anemic philanthropy in the world's second-largest economy — which ranks near the bottom in the annual World Giving Index — and aims to boost public trust in charities following scandals involving high-profile organizations