|
Post by Cinemachinery on Feb 27, 2018 19:31:23 GMT
|
|
|
Post by CoolJGS☺ on Feb 27, 2018 19:45:51 GMT
I assume they would have to operate as a non-profit of some kind as well. the hotels and offices make sense, the restaurant is odd, but a lot of times they will provide housing for their followers or employees that are visiting.
|
|
|
Post by Isapop on Feb 27, 2018 19:47:17 GMT
Well, you know as Jesus said, “Render to Caesar the things that are Caesar’s, unless you've got some clout."
|
|
|
Post by gadreel on Feb 27, 2018 21:01:46 GMT
I think it depends a bit on where you are, but here certainly churches do not pay tax of any kind if the money that generated the tax was going towards education or charitable purposes. We have an interesting situation here where Sanitarium (our biggest cereal maker) is owned by latter day saints and so don't pay tax. It's a bit of a bone of contention, but apparently all the profits go to church activities. Having been involved in churches, most would go under financially if they had to pay tax, so as long as the money they make is being put back into the community I am comfortable with them not paying tax.
|
|
|
Post by Cinemachinery on Feb 27, 2018 21:06:41 GMT
I think it depends a bit on where you are, but here certainly churches do not pay tax of any kind if the money that generated the tax was going towards education or charitable purposes. We have an interesting situation here where Sanitarium (our biggest cereal maker) is owned by latter day saints and so don't pay tax. It's a bit of a bone of contention, but apparently all the profits go to church activities. Having been involved in churches, most would go under financially if they had to pay tax, so as long as the money they make is being put back into the community I am comfortable with them not paying tax. Wait... your biggest cereal maker is called "Sanitarium"? I wonder what marketing meetings must be like.
|
|
|
Post by CoolJGS☺ on Feb 27, 2018 21:09:09 GMT
I think it depends a bit on where you are, but here certainly churches do not pay tax of any kind if the money that generated the tax was going towards education or charitable purposes. We have an interesting situation here where Sanitarium (our biggest cereal maker) is owned by latter day saints and so don't pay tax. It's a bit of a bone of contention, but apparently all the profits go to church activities. H aving been involved in churches, most would go under financially if they had to pay tax, so as long as the money they make is being put back into the community I am comfortable with them not paying tax.Not sure how that would be possible. If you tax a church you just get a portion of their profits. If they don't make profit, most churches are not raking in the dough, they won;t pay taxes...Well maybe property tax, but they could also get deductions. taxing a church isn't that big of a deal except for what it allows the church to do once they become tax payers. A big misunderstanding with non-profits is that people tend to think they can't make profit or that they have to reinvest when all that means is they could put it in a savings account. In Lexington, we have a very large church that built on an old retail zoned property, so they became landlord to a lot of businesses and had to create a for profit LLC to administer that.
|
|
|
Post by gadreel on Feb 27, 2018 23:18:28 GMT
I think it depends a bit on where you are, but here certainly churches do not pay tax of any kind if the money that generated the tax was going towards education or charitable purposes. We have an interesting situation here where Sanitarium (our biggest cereal maker) is owned by latter day saints and so don't pay tax. It's a bit of a bone of contention, but apparently all the profits go to church activities. Having been involved in churches, most would go under financially if they had to pay tax, so as long as the money they make is being put back into the community I am comfortable with them not paying tax. Wait... your biggest cereal maker is called "Sanitarium"? I wonder what marketing meetings must be like. Yeah it is pretty funny.
|
|
|
Post by gadreel on Feb 27, 2018 23:19:36 GMT
I think it depends a bit on where you are, but here certainly churches do not pay tax of any kind if the money that generated the tax was going towards education or charitable purposes. We have an interesting situation here where Sanitarium (our biggest cereal maker) is owned by latter day saints and so don't pay tax. It's a bit of a bone of contention, but apparently all the profits go to church activities. H aving been involved in churches, most would go under financially if they had to pay tax, so as long as the money they make is being put back into the community I am comfortable with them not paying tax.Not sure how that would be possible. If you tax a church you just get a portion of their profits. If they don't make profit, most churches are not raking in the dough, they won;t pay taxes...Well maybe property tax, but they could also get deductions. taxing a church isn't that big of a deal except for what it allows the church to do once they become tax payers. A big misunderstanding with non-profits is that people tend to think they can't make profit or that they have to reinvest when all that means is they could put it in a savings account. In Lexington, we have a very large church that built on an old retail zoned property, so they became landlord to a lot of businesses and had to create a for profit LLC to administer that. I guess it depends what is taxed, but here for example churches can claim back GST, so they get 15% back on pretty much all expenditure.
|
|