And a damn good thing too!
We look after a number of charities and I really can't see the problem - if a wealthy individual gives away £1m to a charity and gets £300k tax relief, it has still cost them £700k. The charity gets £1m and can ...put it to good work. If it doesn't get it, then often the load will fall back on the public sector - and to raise £1m for the public sector to spend, we'll have to pay £1m more in taxes!!
As a policy it was always utterly bonkers and shows how certain parts of the Coalition are utterly out of touch.
We look after a number of charities and I really can't see the problem - if a wealthy individual gives away £1m to a charity and gets £300k tax relief, it has still cost them £700k. The charity gets £1m and can ...put it to good work. If it doesn't get it, then often the load will fall back on the public sector - and to raise £1m for the public sector to spend, we'll have to pay £1m more in taxes!!
As a policy it was always utterly bonkers and shows how certain parts of the Coalition are utterly out of touch.
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