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Dagon comments on A possible tax efficient swap mechanism for charity - Less Wrong Discussion
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Comments (15)
Do you have some examples where this situation exists (two charities with different government acceptance in two jurisdictions that have US-style tax incentives for charities and a reasonably large donor base of wealthy individuals)?
I suspect it's rare. Further, I suspect most giving is of the feel-good rather than informed altruism form, and tax effects are unlikely to be sufficiently motivating to the donors to go through this contortion.
I'd also expect to be harassed by officials on both sides who take this "transparent attempt at bypassing our regulations" pretty seriously.
I think lots of UK/US pairs will satisfy this, e.g. FHI and MIRI. (I think I (in the UK) can make tax-deductible donations to FHI, but not MIRI; and I think Americans have it the other way around.)
Americans can make tax-dedutible donations to FHI through Americans for Oxford: http://www.fhi.ox.ac.uk/support-fhi/
CEA then; it's currently only tax-deductible if you give via an intermediary that takes 5%.
I'm pretty sure I know of a case where this is done with these exact charities.
I think most charities are tax deductible only in their own countries. Oxford's cross country deductiblity is more the exception than the rule. To be specific, I'll not get a tax deduction in India if I contributed to fhi. But if I swap with an englishman who wanted to contribute to the ramakrishna mission or child relief and you (indian charities) then we both benefit.
I agree on potential regulatory issues. That's why I wanted more opinions.
I agree with your assessment. Nonetheless it appears to be an idea that is new and could in specific circumstance be workable.