Word: exemption
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...moves to increase spending came after Harvard failed to spend five percent of its endowment in nine of the last ten years, missing a threshold that tax-exempt institutions outside of higher education are legally required to meet and that University officials say is their target...
...Rather than banish students to this no man’s land, the Faculty should aim to develop a foundational course required of all students not exempt from their QR requirement. Such a course would be devoted to equipping students with both the statistical vocabulary and the higher math techniques needed to navigate both policy- and model-oriented courses. Taken during students’ first year, this course would prepare students for the twenty-first century...
...discontent at the combine’s ten per cent tariff on their profits, charging that the tax amounts to confiscation. In most cases, however, the complaint is unsound, as it overlooks the fact that the Agency provides them with legal business addresses--something which their rooms in tax-exempt University property failed to give them...
...other divisive issues of sovereignty the agreement will likely have to tackle remain unresolved as well: The ability of U.S. troops to arrest and detain Iraqis and the applicability of Iraqi law on U.S. forces. At present U.S. forces are exempt from Iraqi law and have essentially unchecked powers to arrest and jail Iraqi citizens as part of military operations. Many Iraqis see revoking this as key to restoring a real sense of sovereignty to the country. But it's difficult to imagine U.S. policymakers agreeing to have their hands tied militarily in Iraq or allowing U.S. troops to risk...
...It’s an ongoing discussion,” Casey said. “And it’s an appropriate one to have because we are a tax-exempt institution, so we should be accountable...