EC presented its recommendations to Member States to ease barriers to cross-border philanthropy and to work towards a more enabling environment for civil society and the wider social economy. This is a result of the long-awaited European Commission proposal for a Council Recommendation on developing the social economy framework conditions and the guidance for Member States on taxation frameworks for social economy organizations and cross-border philanthropy, also a part of the Social Economy Action Plan. The proposal suggests enabling framework conditions for social economy actors including foundations. It recommends that Member States consider stimulating tax incentives for the sector including corporate tax exemptions and income tax incentives for donors. It gives specific attention to better facilitate public-benefit cross-border donations. Read more here.
Source: Philea
