Word: exempt
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Dates: during 1980-1989
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City Council candidate Jonathan S. Myers, for example, estimates that Harvard's annual payments, based on the value of its tax-exempt land, should be closer to $6 million...
...determinedly upbeat, citing an ambitious $437 million plan for developing the East St. Louis riverfront that would include a cargo port, recycling center and high- rise apartments overlooking the river and downtown St. Louis. But no work has been done on the project for three years, and the tax-exempt status of the bonds sold to finance it is under review by the Internal Revenue Service. "I'm still optimistic," Officer insists. "We'll haul ourselves up by our bootstraps." But attorney Rex Carr, a lifelong resident of the city, has a dimmer view. "East St. Louis today doesn...
...City Council reviews its 20-year-old in-lieu-of-tax agreement with Harvard, which expires this summer. City administrators begin negotiations on how much Harvard should pay Cambridge for the tax-exempt Peabody Terrace apartment complex and other affiliated housing...
Harvard, the mayor explains, often gets a free ride from the city. Most of the University's vast land holdings in Cambridge are exempt from municipal taxes. Even with its large voluntary payment in lieu of taxes, Harvard pays the city less than a private landowner would...
...nepotism starts with Deng Xiaoping, whose eldest son, Deng Pufang, 44, heads the giant China Welfare Fund for the Handicapped. Government investigators say Pufang, who was crippled when Red Guards threw him from a window during the Cultural Revolution, allegedly helped a Chinese conglomerate gain tax-exempt status and reap vast profits for fraudulent work. Pufang denies the charges. The names of other relatives of leaders read like entries in a Chinese Who's Who. Among them: Chi Haotian, 59, Chief of Staff of the People's Liberation Army and son-in-law of President Yang Shangkun; Li Tieying...