A Research on Inurement Regulations in Internal Revenue Code: Compared with Our Regulations

Conflict of interests may also emerging in Charitable Foundations. Therefore, it is important to enhance the regulations of charitable foundations. America classifies the foundations into two categories: the private foundation and the public charity. Compared with America, the relative regulations in our country is not so perfect. The regulations such as classification of foundations, making-sure the self-dealing, audit are not enough. In consequence, heaps of loopholes emerge. Therefore, to learn from America and complete the relative legislation is important.