Social enterprise: some tax policy considerations.
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Open Access Location
Authors
Barrett, J.
Veal, J.
Keywords
Social enterprise
Tax policy
Charitable firms
Tax policy
Charitable firms
Description of form
Journal website http://www.asb.unsw.edu.au/schools/taxationandbusinesslaw/atta/attajournal/Pages/default.aspx
Publisher
Rights
Rights holder
Issue Date
2013
Peer-reviewed status
Type
Article
Abstract
Bright lines do not demarcate altruistic and entrepreneurial domains: many charities engage in trade and many companies perform some public benefit functions. The emergence of social enterprises, which employ features of business and charitable practices, has highlighted the desirability of revisiting simple policy and legal distinctions drawn between altruistic and for-profit firms. Since charitable firms are commonly thought to enjoy advantages over for-profit firms competing in the same market, and have come under increased scrutiny from revenue authorities, the social enterprise phenomenon makes the reformulation of tax policy a pressing concern. Using New Zealand as a jurisdictional focus, but drawing on overseas research and experience, this article discusses how tax policy might be reformulated in the face of the social enterprise phenomenon.
Citation
Barrett, J. and Veal, J. (2013) Social enterprise: some tax policy considerations. Journal of the Australasian Tax Teachers Association, 8(1), 141-168.