 |
 |
Tax Office Statistics - 2006 Update
|
8 May 2008 Analysis of the latest Tax Office Statistics by charity researchers Givewell, published today, confirms a consistent trend in increased total gifts claimed as tax deductions for donations to charities and other public funds over a period of 14 years, despite a drop in the number of taxpayers claiming such gifts in the 2006 tax year. Claims by individuals for tax deductible gifts of $1,556m were made in 2006, having risen from $1,472m in 2005; a relatively small increase of 5.7% when compared with the previous two years (down from 26.4% in 2005 and 17.8% in 2004). However, the sharp increase in 2005 can be linked to the Asian Tsunami which occurred in December 2004, so a drop in 2006 was to be expected, though the increase is still strong (34%) over the two year period 04-06. Fewer taxpayers (by 116,909 individuals) also made a claim for a gift deduction in 2006, but ten year trends show a healthy increase of more than 936,672 individuals (32%) claiming gift deductions from 1997-2006. Again, the drop in the number of individuals claiming gifts can most likely be attributed to the tsunami effect in 2005, but with the average annual value of gift deductions still increasing, it would seem that in 2006 a smaller group of people were giving, but the amount of their gifts was greater. The full analysis of the statistics, showing 14 year trends, is available via email exclusively to paid subscribers to the Givewell Research Centre. Contact research@givewell.com.au to request your copy. |
 |
 |
 |