Tax incentives to become a bottleneck Private Foundation

 China and China Charity Foundation, the legal representative of Lourdes had an example, China and China Charity Foundation, will sponsor two million to earnings this foundation in the Ministry of Civil Affairs also recognized the Foundation's registered capital a hundred million of cash, but still require the promoters to come up more than thirty million additional two million for the tax. He believes in law, the Foundation is an independent legal entities, sponsors and foundations are independent of the tax subject, to donate two million once the property is not a sponsor. Thus, the tax situation to some extent dampened the majority of small contributions to charities and public enthusiasm.

the rapid development of China's charity, the process of legal, institutional aspects of the gradually exposed. Currently, about charity, my only The enactment of the law will solve many existing problems, significantly advance our charity.

2011   1 11, the Shenzhen Public Foundation One Foundation was set up, China's first private public fund was born.

in accordance with the Donations to the public the same time not spent 8% of the balance, in order to avoid getting smaller and smaller, dwindling, the money used for investment to increase the value of a number of foundations has become a top priority. However, the end of 2009

lack of sufficient tax incentives to encourage private foundation has restricted the development of the

public fund entitled to public fund-raising, and mainly after the establishment of the community by raising funds to engage in welfare-funded activities, from registration and management, the establishment of conditions to the organizational structure, the proportion of public expenditure has strict constraints. Provisions of private foundations is relatively relaxed, but the actual operation of more complex problems.