The UK is dealing with a scandal right now called The Cup Trust. It involves a complicated scheme to get money refunded through the Gift Aid system. I thought this quote is interesting “Margaret Hodge MP, Labour chairwoman of the Commons Public Accounts Committee said: ‘To exploit a mechanism designed to encourage charitable giving in order to avoid tax is just disgusting.’
Here is the article in the Mail:
Taxman refuses to pay out charity tax relief claims to investors
Read more: http://www.thisismoney.co.uk/money/news/article-2272426/Taxman-refuses-pay-charity-tax-relief-claims-investors.html
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Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.