Charity Transperency And Legal Requirements, Are Watchtower Days As A Charity Numbered?
I know the IRS is doing something about it.
And what if a charity is approaching bankruptcy and fails to inform its members about, instead they put a deceptive spin on every thing they are selling ,. and give them a single clue as to where their money is going especially if it is going to pay lawsuits it is involved in on a worldwide scale. Would that be a clear case of fraud and subject the perps to some prison time? I think the GB's denial of lawsuits, and paid gag orders is going to bite them in the ass big time in some cases of defrauding it's members money.
The Internal Revenue Service yesterday proposed a vast overhaul of the main tax form for charities, an effort to make it easier for the I.R.S. and the public to tell how much nonprofit groups are paying their executives and how much of their money goes toward fund-raising.
The proposed changes, to Form 990, also include separate schedules to help determine how much nonprofit hospitals actually spend on charity care and to provide more information about gifts of goods and services to charities.
Lois G. Lerner, director of the tax-exempt division of the I.R.S., said that although the revenue service had tinkered with the form from time to time to accommodate changes in laws and regulations, the last major revamping of it was more than 25 years ago.
I think we may see a public disclosure of where the money when because WT corporation is a charity. I'm sure this thing is going on all over the world and all charities are being required to be more transparent as to where the money is going. That being the case I the WT is doomed as a charity.
Of course they are not rated as they are a religious organization but I feel the day is coming.