Word: exemptive
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JULIAN BOND, chairman of the N.A.A.C.P., on an IRS investigation into whether his organization can remain tax exempt. The investigation was prompted by a speech Bond made criticizing the Bush Administration. Tax-exempt groups are supposed to remain nonpartisan...
...largest apparel maker listed on the Hong Kong stock exchange, Luen Thai has factories in four countries but is shifting capacity to mainland China ahead of the lifting of the trade restrictions. Last year, the company's plant on the tiny Pacific island of Saipan?a U.S. territory exempt from quotas?accounted for nearly half of all its production, compared with about 25% from China. But Chinese output is expected to double this year, and for the next few years Luen Thai plans to increase head count at its Dongguan facility from 5,000 to 14,000. In May, Luen...
MARK HYMAN, vice president of Sinclair Broadcast Group's corporate relations, on why the company plans to air on its 62 stations a documentary attacking Kerry's antiwar activities of 30 years ago. Sinclair argues that the documentary is news coverage, which is exempt from federal equal-time rules...
These initiatives hardly seem unreasonable in light of what Harvard gives its already privileged neighbors: money. Lots of money. Though Harvard is a tax-exempt non-profit, it rakes in a truckload of money in the form of tourism, which in turn feeds the local economy. And then there are the subsidies. Take a look at the millions and millions that Harvard will be shelling out to the Agassiz neighborhood (near the law school) for special projects over the next few years. According to census data, this pristine wilderness already has the second highest household income of all of Cambridge?...
These initiatives hardly seem unreasonable in light of what Harvard gives its already privileged neighbors: money. Lots of money. Though Harvard is a tax-exempt non-profit, it rakes in a truckload of money in the form of tourism, which in turn feeds the local economy. And then there are the subsidies. Take a look at the millions and millions that Harvard will be shelling out to the Agassiz neighborhood (near the law school) for special projects over the next few years. According to census data, this pristine wilderness already has the second highest household income of all of Cambridge?...