Word: tax-exempt
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...Other tax-exempt organizations may also purchase private homes and convert them into dormitories, they added...
Residents said they believed the main problem with tax-exempt organizations is that they an afford to pay much more than a single buyer for a piece of property...
Business earnings are also heavily taxed: 30% by the national government and 20% by municipalities. Explains Erlandsen: "The highest cost my firm has is its tax cost. To reduce our tax burden, we share profits with our employees or reinvest them somehow." One of the most common means of sharing is to give employees valuable but tax-exempt "perks," such as trips to mountain resorts and the use of company-owned cars and houses...
However, the students emphasize that this year's recruitment efforts are not part of a company-organized campaign, and that in no way does the profit-making company desire to endanger Harvard's tax-exempt status...
...order to gain tax-exempt status PUMA as an organization must refrain from any formal political lobbying efforts. Nevertheless, PUMA members have been involved in lobbying at the State House to decriminalize prostitution, often working through Prostitutes for Legislative Reform. Lewis and Weeks praise some legislators--State Reps. Barney Frank '61, Mel King and Elaine Noble--for being supportive. But their meetings with some other politicians have been frustrating. In one meeting at the State House, the legislature's leading anti-abortion crusader started spouting Biblical injunctions as soon as Lewis explained his purpose. Lewis hates that at least...