The top fundraiser in U.K. Prime Minister David Cameron’s Conservative Party added his voice to criticism of the government’s plans to cap tax relief on charitable donations, the Sunday Times newspaper reported.
Stanley Fink said the proposal would “put people off” giving large sums, the Times said, without specifying where it obtained the information.
Under the proposals announced by Chancellor of the Exchequer George Osborne in last month’s budget, tax relief, including on charitable giving, will be capped at 50,000 pounds ($79,000) a year or a quarter of an individual’s income, whichever is higher. It’s part of a drive to cut tax avoidance.
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