Title Charity law and accumulation : maintaining an intergenerational balance / Ian Murray, University of Western Australia

Published Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2021 ©2021

Click on the following:
Cambridge Core

Copies

Description 1 online resource (xlii, 287 pages) Contents The charity sector, its goals, and accumulation -- Legal restraints on accumulation applicable on creation -- Operational restraints on accumulation : controller duties -- Operational restraints on accumulation : alternative control mechanisms -- Operational restraints on accumulation : taxation -- Intergenerational justice and the intergenerational distribution of benefits -- Which generation decides the intergenerational distribution of benefits? -- Enhanced agency costs Summary "Much has been written in charity law on the type of benefits that charities can provide - charitable purposes - and towards whom such benefits must be directed - the public benefit question. Almost nothing has been written about when benefits must be provided. However, accumulation of assets by charities raises profound ethical, economic and social considerations that are highlighted by the present retreat of the welfare state and the impact of the Global Financial Crisis and COVID-19. This book analyses the issue through a normative, doctrinal and comparative analysis of the legal constraints upon accumulation by charities. It reveals that the legal restraints contain significant gaps in relation to the intergenerational distribution of benefits and to the balance of decision-making between generations. In particular, the book asserts that there is room for law reform to better identify and incorporate principles of intergenerational justice into the regulation of charities"-- Provided by publisher Bibliography Includes bibliographical references and index Notes Description based on online resource; title from digital title page (viewed on August 25, 2021) Subject Charity laws and legislation. Charities. Charitable uses, trusts, and foundations -- Taxation -- Law and legislation Nonprofit organizations -- Taxation -- Law and legislation. Asset allocation. Asset allocation Charitable uses, trusts, and foundations -- Taxation -- Law and legislation Charities Charity laws and legislation Nonprofit organizations -- Taxation -- Law and legislation Form Electronic book LC no. 2020036499 ISBN 1108848168 9781108854283 1108854281 9781108848169

  Permalink