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Because a non profit cannot keep the profits (duh), thus all the extra money has to go back into the economy. Since every purchase has VAT they are effectively
by Almondsetat 3y ago
Because a non profit cannot keep the profits (duh), thus all the extra money has to go back into the economy. Since every purchase has VAT they are effectively already paying a tax on their profits and shouldn't be further taxed
- pessimizer 3y agoThe point is that they can make sure that they don't have any extra money by giving themselves raises, or overspending with friendly vendors.
- gumby 3y agoWhey shouldn’t they be further taxed? And if they lose money, as most do, they won’t owe any tax anyway. The special category doesn’t add anything to a legit charity but does help out fraudsters.
- Almondsetat 3y agoDo I need to repeat verbatim my reply to you?
- gumby 3y agoYou simply asserted that they "shouldn't be further taxed" and my question was why you think so. Repeating your comment verbatim would not answer my question.
- Almondsetat 3y ago>You simply asserted that they "shouldn't be further taxed" That assertion sits in the same sentence that provides the justification