Government should reconsider church tax exemption
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Des
Jun 29, 2012, 8:28:46 PM6/29/12
to New Zealand Brights Discussion Group
In today’s NZ Herald Max Wallace says overseas investments by
Sanitarium support the idea that churches have become "corporations
trading on their tax-exempt status". The breakfast cereal maker pays
no income tax because its profits help fund the activities of the
Seventh-Day Adventists.
"It's certainly in the economic interest of governments now, with
stretched budgets, to reconsider [the tax exemption] because the cost
to the state is very significant," says Wallace.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10816412
Sanitarium support the idea that churches have become "corporations
trading on their tax-exempt status". The breakfast cereal maker pays
no income tax because its profits help fund the activities of the
Seventh-Day Adventists.
"It's certainly in the economic interest of governments now, with
stretched budgets, to reconsider [the tax exemption] because the cost
to the state is very significant," says Wallace.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10816412
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