Bill to cloak U.S. 'dark money' seen as harmful to charity fraud fight
Source: Reuters
Bill to cloak U.S. 'dark money' seen as harmful to charity fraud fight
By David Morgan
May 24, 2016
WASHINGTON (Reuters) - Fighting charity fraud could become more difficult under a Republican bill in Congress to prohibit the U.S. Internal Revenue Service from collecting the names of top donors to charities and other nonprofit groups, critics warned on Tuesday.
Meant to protect the privacy of wealthy individuals who make anonymous, or "dark money" donations to politically active nonprofit groups, the bill would eliminate a decades-old IRS donor-identity disclosure requirement for a range of tax-exempt groups that includes hospitals, universities, community and sports organizations.
Backers of the legislation say donor lists have sometimes been disclosed to the public even though the names and addresses are supposed to be private.
In a related development, the IRS itself plans to propose new regulations eliminating donor-reporting requirements for most tax-exempt organizations, according to a document posted on a White House Office of Management and Budget website. It is unclear which groups would still be subject to disclosure under the regulations, which are expected in December.
Read more: https://www.yahoo.com/news/bill-cloak-u-dark-money-seen-harmful-charity-202230075.html?nhp=1
OnyxCollie
(9,958 posts)Midnight Writer
(21,760 posts)She has the Republicans doing her dirty work for her.
I have to say. That was my very first reaction to this story. That goddamn Hillary would love this shit!
trudyco
(1,258 posts)absolutely they should disclose their donor list, and if they get a donation from another group then they have to disclose all of that donor list, too, even if its from a foreign country like Canada.
God, they are all corrupt and trying to cover their own tracks.
Nihil
(13,508 posts)> they are all corrupt and trying to cover their own tracks.
And yes, that includes the "Save the Clinton" family "charity" so, no doubt, there will be
a distinct level of "bi-partisan support" for this proposal.