Media statement

For immediate release

Monday, 23 May 2005

Copeland: Budget betrays charities

United Future revenue spokesman Gordon Copeland today expressed his deep disappointment that last week’s Budget contained nothing for charities.

“Indeed they weren't even mentioned!” he said.

“United Future specifically asked the Government to raise the tax rebate level for donations to charities from $630 per annum to $ 5,000 per annum with a comparable increase for companies.

“We also asked that dividend imputation tax credits be extended to registered charities as soon as the Charities Commission is established.

“The Budget is silent on both points. I know the charitable sector will feel betrayed.

“They have somewhat reluctantly agreed to a Charities Commission and the compliance costs that come with that in the hope that they would see Government take positive action to foster philanthropy and generosity in New Zealand.

“Those hopes are dashed and they will conclude that they simply don't feature in the Government's priorities,” said Mr Copeland.

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