All I can say is that it is about time. Charities’ Tax Breaks Scrutinized.
I’ve considered different ways to make a fast buck while doing virtually nothing. The best way I’ve found is to set up a non-profit organization, pay myself a pittance, and live off the foundation. No income tax (or very little) and no accountability. No wonder we have so many in this country.
Panel members will also look at the idea of making public far more of the records and filings of nonprofits.
If they are operating tax-free, I think all financial records should be made public.