The not for profit (NFP) sector is large and diverse and provides important benefits for the Australian community.
Governments provide a number of tax concessions to support the NFP sector. While these tax concessions help increase the level of activity in the NFP sector, the value of revenue forgone from the concessions is significant and growing steadily.
Tax concessions for the sector can also increase complexity, in part because they vary according to the type and purpose of NFP organisations. In some cases, NFP tax concessions provide NFPs with a competitive advantage over their commercial competitors.
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