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By Drache Aptowitzer LLP | 3 Minutes Read November 11, 2013

Indian experiment would have interesting implications in Canada

One of the advantages of being part of the commonwealth is that we share commonalities in methods of taxation and governance with a variety of different countries. So when one of these countries experiments with a different way of doing things we should examine the attempt for lessons which can be learned here. So it is with great interest that we note a recent attempt by India to mandate gifts back to the community in the name of corporate social responsibility.

Article by Drache Aptowitzer LLP / Business, Finance and Accounting, Not for Profit / average net profit, business processes, businesses, charities, Companies Act of 1956, corporate deductions to charities, corporate rules, corporate social responsibility, deduction to the corporation, donations to charity, economic, gifts back to the community, gifts to charity, giving back, non-compliance hazardous to the delinquent company's reputation, particular history, religion and culture, shareholders, skew donations to charitable projects, social obligation, tax perspective, taxable income for expenses incurred

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