Bigger tax benefits proposed for donors
By Cao Yin | China Daily | Updated: 2015-11-06 07:51
Lawmakers are proposing that increased tax reductions be given for charitable donations in order to encourage more contributions.
Su Xiaoyun, a member of the Standing Committee of the National People's Congress who also worked for civil affairs authorities for more than 10 years, said that tax benefits are key to improving a country's charitable sector.
"If someone or some organization cannot be given a tax deduction, the motivation to donate will be reduced," Sun said.
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