Is the End of Private Foundations Near?

Politics ♦ Published: October 27, 2010; 18:04 ♦ (Vindobona)

Legal uncertainties and higher taxes result in little incentive for the creation of new foundations.

Is the End of Private Foundations Near? / Picture: ©

On one hand, the government increases the tax on foundations, an on the other the Supreme Court creates new legal uncertainties. Experts on foundation law now warn that the so far successful model of the private foundation is threatened.

The government increased the tax for for private foundations’ capital gains from 12.5 to 25%. Andreas Bauer, a partner at Brauneis Klauser…