Thank you for highlighting this. More of the blatant hypocrisy of the 1%. It's unbelievable that political parties don't pay tax on donations. For us 'little people', financial gifts we can give to family, etc, are limited to a very modest amount and savings, if we have them, are taxed on the interest after a low cut-off point. Always different rules to protect the interests of the 1%.
Thank you for highlighting this. More of the blatant hypocrisy of the 1%. It's unbelievable that political parties don't pay tax on donations. For us 'little people', financial gifts we can give to family, etc, are limited to a very modest amount and savings, if we have them, are taxed on the interest after a low cut-off point. Always different rules to protect the interests of the 1%.
The rules are simple. Where is the exemption written?
If the association is not declaring a property income surplus it is guilty of tax evasion.