Word: tax-exempt
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Frustrated Cambridge residents this week renewed a perennial town-gown conflict over the tax-exempt status of Harvard and MIT by demanding that city officials find ways to force "the wealthiest institutions and individuals in this city to pay their fair share...
Each year Harvard and MIT voluntarily pay a combined total of $800,000 to the city in partial compensation for their tax-exempt status. City Manager James L. Sullivan on Monday said this town gown arrangement has been a model for university communities elsewhere in the country. "Frankly," he said, "it's not required. And it's a generous addition to the city rolls...
Representatives of the Cambridge port Homeowners and Lenants Association (CHTA) and other local groups told the council that small homeowners are forced to shoulder an unfair proportion of the property tax burden, while Harvard and MIT remain tax-exempt...
...Nowhere is the boy guru's universe better furnished than in the U.S., to which he brought his movement in 1971: a string of 45 ashrams (retreat houses) and information centers in 110 cities across the country tend to the spiritual needs of the Divine Light flock, whose tax-exempt offerings have furnished the teen-age Lord with, among other things, an $80,000 pad in Denver, a $400,000 estate in Malibu and an armada of limousines and racing cars...
...academic team had enough ties to reel in the biggest companies--Nissan, Toyoto and Mitsubishi (a Japanese import-export firm)--despite the fact that none of these grants were tax-exempt in Japan. And the links Reischauer forged as ambassador to Japan in the 1960s figured significantly in the Japanese government's presentation last year of $1 million to Harvard to support Japanese studies...