Charity: Good practice for Goodwill Foundation, Goodwill International, PwC in India
Posted On July 17, 2021
Goodwill and Goodwill India have both been hit by an investigation over their tax status in the country, after a complaint was lodged by the Tax Authority of India.
The charity has denied the allegation, saying it has “no knowledge of the complaint and will defend itself vigorously against it”.
It said it was also investigating a complaint made by the Delhi-based charitable organisation, which had claimed to have paid tax in excess of Rs 50 crore in 2016-17.
The company has already paid tax of Rs 10 crore in the previous two years, according to its website.
The Goodwill organisation, founded in 1851, was formed by British-born philanthropist George Macartney, who was the founder of the Methodist Society and the Christian Aid Society.
It has over 100 million members worldwide, working in more than 50 countries.
The organisation is currently operating in 150 countries and is working towards a $1 billion (£876m) global impact.
PwCs and other charitable organisations across the world are under pressure to get tax records in order.
India has one of the highest tax burdens in the world.
A PwCA is expected to receive about $1.5bn (£1.1bn) from the country in 2019-20, according the Tax Foundation, an NGO that researches tax reform.
The PwCorps, a charity run by the British charity Aid to Children International (ACI), is expected receive $2bn in its 2019-2020 fiscal year, according Toowoomba-based Pwcorps chief executive Stephen McNeil.
He said the PwCorp was currently reviewing its tax arrangements in India and that the charity would “continue to work with government authorities in India on the implementation of the tax reform agenda”.