Scientology avoids 21% UK corporation tax by registering college in Australia

Discussion in 'Australia & New Zealand' started by CommunicatorIC, Mar 2, 2016.

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  1. CommunicatorIC

    CommunicatorIC @IndieScieNews on Twitter

    Scientology avoids 21% UK corporation tax by registering college in Australia.

    The Advertiser: UK-based Church of Scientology Religious Education College Inc registered as charity in Adelaide

    http://www.adelaidenow.com.au/news/...e/news-story/292436d3826b9360f16e6db9829e6f7b

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    BRITISH Scientologists collecting tens of millions of dollars are using an Adelaide address as the base for a registered Australian charity, although it spends its money in the United Kingdom.

    The UK-based Church of Scientology Religious Education College Inc is based in Pulteney St.

    Religious charities are eligible for a range of exemptions, but crucially being based in SA allows the COSRECI to try to avoid a 21 per cent corporation tax in the UK.

    It is not clear how successful the college, which has been in SA since 1977, has been in avoiding tax.

    According to financial statements lodged with the Australian Charities and Not-for-profits Commission, it made £10,805,637 (about AUD $21 million) in 2014 and £12,535,163 (about $24 million) in 2013.

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