Shortcomings in America's Federal Tax Regulatory Regime of Private Foundations: Insights for Australia

Atax Discussion Paper No. 5

39 Pages Posted: 29 Nov 2004  

Nina J. Crimm

St. John's University - School of Law

Date Written: July 2001

Abstract

The thesis of this article is that key individuals involved in and responsible for the development of Australia's nonprofit sector, its nonprofit entities - particularly, prescribed private funds, which are similar to America's private foundations - and the innovation of its regulatory federal tax regime should heed America's experience. The insights offered in this article to America's federal tax regulatory scheme, if considered, might help to thwart pitfalls that accompany the development of Australia's laws and regulations. The article may provide nonprofit sector leaders with an awareness of possible negative consequences of perceived abuses of tax incentives and tax induced arrangements.

Keywords: Nonprofit taxation, American, Australian, tax evasion avoidance

Suggested Citation

Crimm, Nina J., Shortcomings in America's Federal Tax Regulatory Regime of Private Foundations: Insights for Australia (July 2001). Atax Discussion Paper No. 5. Available at SSRN: https://ssrn.com/abstract=623626 or http://dx.doi.org/10.2139/ssrn.623626

Nina J. Crimm (Contact Author)

St. John's University - School of Law ( email )

8000 Utopia Parkway
Jamaica, NY 11439
United States

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