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Which of the following statements in relation to charitable foundations and tax is correct? Members or trustees running the foundation have separate tax status Institutions
Which of the following statements in relation to charitable foundations and tax is correct? Members or trustees running the foundation have separate tax status Institutions established for charitable purposes pay income tax at a 'gentle' rate If a foundation is exempt from income tax, it forfeits any GST exemption Most Australian charities will provide income tax exemptions to members
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