Word: gifts
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...Committee on College Life (CCL) voted unanimously yesterday morning to recommend the repeal of a newly-imposed Faculty of Arts and Sciences tax on donations to the Harvard Gift Fund...
Money given to the tax-deductible gift fund generally comes from alumni and passes to designated student groups. While the tax was set at five percent this year, it will increase to 15 percent within the next three years. The Undergraduate Council (UC) estimates that the tax will add nearly $20,000 to the coffers of FAS, which faces a projected $75 million operating deficit...
...also voted unanimously earlier this month to repeal the gift tax. UC members argued that the tax unfairly took money out of the hands of student groups...
...does not make many recommendations to the dean [of the Faculty] for further action, so these are significant, wrote Kidd in an e-mail. “I hope that this expression of concern about the imposition of the Gift Tax on student organizations will warrant close attention by the Faculty of Arts and Sciences...
...percent over the last year and said the store hopes the numbers will rise even further as the holiday shopping season kicks off. “People are buying things online, and it’s been great. It’s all for themselves so far, but gift-giving will start sooner or later,” he said. Despite anti-consumption efforts and attempts to direct the shopping traffic online, the crowd of shoppers in Harvard Square went from store to store to find gifts for loved ones. “I want to give daddy a black...