Philanthropy encouraged as means of reducing tax liability

Giving generously to charity can help Irish businesspeople greatly reduce their tax burden by taking advantage of the Government’s tax rebate scheme, it has been claimed today.

“As tax relief options reduce Ireland’s wealthy are looking to philanthropy as one of the more appealing options for offsetting against their income,” said Tina Roche, chief executive of The Community Foundation for Ireland, an organisation which provides guidance and advice to philanthropists.