US LOSES OVER 71 BILLION IN RELIGIOUS TAX EXEMPTIONS. "In times of crippling cutbacks to badly needed government services, a new article published by Free Inquiry magazine details how the tax exemptions enjoyed by religious institutions cost the U.S. a staggering 71 billion per year, at the least. Meanwhile, this religious privilege helps to subsidize the lavish homes and lifestyles of numerous clergy on the taxpayers’ dime."
Tax Exempt Organisations: What is a Public Benefit Organisation (PBO) The conditions and requirements for an organisation to be approved as a PBO are contained in section 30 while the rules governing the preferential tax treatment of PBOs are contained in section 10(1)(cN). Section 10(1)(cN) provides for the exemption from normal tax of certain receipts and accruals of approved PBOs. Certain receipts and accruals from trading or business activities will nevertheless be taxable.