Thursday, 19 April 2012

Tax-free charity giving threshold set to be lifted to appease furious philanthropists

The cap on tax-free charity giving is set to be lifted to appease philanthropists who are threatening to cut off funding to good causes, The Daily Telegraph can disclose. Nick Clegg made clear the Government was preparing to climb down when he met rich philanthropists at a private reception in Whitehall on Tuesday evening. The Deputy Prime Minister told them that the Government had been “beaten around the head and neck” and wanted to encourage them to start giving again.