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In this submission to The Treasury, CBAA has outlined concerns regarding a proposed 30% tax on charitable distributions made by discretionary trusts, which could reduce the amount of income most community broadcasters would receive from giving through those trusts.
Instead, our sector agrees that the best solution to this problem is to broaden and simplify the Deductible Gift Recipients system while providing that distributions from discretionary trusts to DGR endorsed charities are tax deductible, that is, no tax is paid on those distributions.