Word: exempted
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Consider KPMG. From 1997 to 2001, the firm sold four types of shelters that helped clients avoid taxes by doing things like putting income temporarily in a tax-exempt entity. The transactions were so complex, it was hard to see a purpose other than skirting taxes. Although the IRS ruled them potentially improper in 2000, experts disagreed about their legality...
...ANSWERED YES, yes and yes, it's time to get going. To learn the basics of incorporating as a tax-exempt organization, drafting a business plan, raising funds and building a board of directors, go to nonprofitlaw.com and managementhelp.org To research existing nonprofits, start at guidestar.org and to find organizations that make donations, try foundationcenter.org...
...smell as fresh as it might have. Just six months into Blair's premiership, Labour was forced to return a $1.7 million donation from Bernie Ecclestone, boss of Formula One motor racing, after suggestions, denied by both sides, that his largesse might have influenced the government's decision to exempt the sport from a ban on tobacco sponsorship. But back then, Blair was untouchable. "I'm a pretty straight sort of guy," he told the BBC's Humphrys in an early encounter. Today that sort of charm doesn't wash with a public made cynical by revelations about dodgy dossiers...
...initially greeted with little public disapproval-even among Thai supporters of democracy-yet the junta has repeatedly warned the local press not to report on Thaksin, lest the coverage inflame public sentiment. A recent CNN interview with the former PM was blocked from Thai airwaves. Nor are foreign governments exempt. When Thaksin met last month with Singapore's deputy Prime Minister, Thailand angrily canceled a set of diplomatic meetings between the two countries. A few days later, CNS leader General Sonthi Boonyaratglin intimated that Singapore might be eavesdropping on Thailand's leaders through its ownership of Shin Corp., which runs...
...consultant. She is sticking to her plan to stay quiet on specific policies until February 11, once she's done more "listening" to French voters. Sarkozy is more than happy to take up the oxygen until then. His recent proposals to lower taxes on the middle class and to exempt workers from paying payroll taxes on overtime have gone over well among voters who feel their purchasing power diminishing...