BRW Magazine > Article: "The $70-billion sacred cow
God knows what Australia's charities and religious groups do with their tax-free money.
By Adele Ferguson
BRW. 24 March 2005
Are you sick of paying tax? Is your entrepreneurial drive being held back by over regulation? Would you like regular government assistance in expanding your business? Sizable corporate and private donations - no questions asked? Would you like to see your competition operate at a disadvantage?
If you answer yes to any of these questions and see yourself as compassionate and charitable, send your application to the Australian Taxation Office (ATO) to start your own charity or religion. You will be joining more than 700,000 other like-minded organisations in a sector that turns over more than $70 billion a year (almost 10% of the country's GDP) in tax-free dollars and is the last bastion of the economy that is left largely to its own devices. "
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