Word: exemptive
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...there is an ongoing discussion about whether nonprofit institutions, particularly large ones like Harvard, pay their fair share because they are tax exempt,” he said...
...University of Virginia, has written a new essay on an unusual accomplishment: as a parliamentarian for the Texas Junior Classical League, a statewide group to promote study of Latin and Greek, Vincent worked with the IRS to revise the organization's bylaws so it could regain tax-exempt status...
Jordan Vincent Waitlisted at: University of Virginia Strategy: The senior at Highland Park in Texas has written a new essay about how he helped his language club regain its tax-exempt status...
Investor Wilbur Ross called attention to the "relatively unparalleled" values in the muni-bond market in March, when he revealed a $1 billion position. Muni yields almost never beat Treasury yields because both are considered safe, but the income from munis is tax exempt. That anomaly occurred earlier this year, and even though some order has been restored, muni yields remain historically high. "These aren't as safe as cash," says Mark Soehn, managing director at Financial Solutions Advisory Group in Chicago. "But the risk is well worth it." He recently put his clients into the BlackRock International Municipal closed...
...most importantly, a ban is the one sure way to stop progress in its tracks. Modern plastic bags are the most environmentally friendly yet: They thinned down a third between 1977 and 1990, and have even started to appear in biodegradable form (at least these compostable bags are exempt from the San Francisco ban). Banning the product removes the incentive to improve it, just as it discourages individuals from educating themselves about their choices. Environmentalists need to reflect upon these long-term consequences before they charge in with sledgehammers to kill flies. Their current mentality?...