I only just got the email about this so I have not yet spent much time evaluating this, but how much work on your end would it be to become a GDR (AU tax efficient charity)? Can you accept donations of stocks. Is anyone familiar with the tax implications of donating to a US charity as a dual tax resident of the US and Australia?
I’m also interested in naming something ‘Lady Eriape Was Innocent’ if I end up deciding to donate but do not want to let that influence my actual donation decision.
Given that the US taxes income everywhere in the world for citizens, I am pretty sure you could at least offset any donations from your US taxes. And then my best guess is you could get out of the same taxes in Australia given various tax treaties, but I am not confident. I would ask Claude or ChatGPT for a rough guidance.
I only just got the email about this so I have not yet spent much time evaluating this, but how much work on your end would it be to become a GDR (AU tax efficient charity)? Can you accept donations of stocks. Is anyone familiar with the tax implications of donating to a US charity as a dual tax resident of the US and Australia?
I’m also interested in naming something ‘Lady Eriape Was Innocent’ if I end up deciding to donate but do not want to let that influence my actual donation decision.
Given that the US taxes income everywhere in the world for citizens, I am pretty sure you could at least offset any donations from your US taxes. And then my best guess is you could get out of the same taxes in Australia given various tax treaties, but I am not confident. I would ask Claude or ChatGPT for a rough guidance.