Word: tax-exempt
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Some critics seized on the fact that the U.S. play was co-sponsored by Britain's Arts Council, and tax-exempt as a cultural offering by a non-profit-making producer. They demanded an airing in Parliament. With tickets selling into January, an official of the producing firm asked plaintively: "How did we know the thing was going to make money...
Hughes charges that Commission members have been instrumental in enlisting multi-million dollar, tax-exempt foundations behind attempts to tamper with freedom of the press in the United States...
...Paragraph 2, you mention "... tax-exempt foundations and charitable trusts which hold title to most of the property in Little's $60-million textile empire." Only two of Textron's 26 plants are owned by tax-exempt foundations or trusts, and one of those is the Tobey-sponsored Nashua-New Hampshire Foundation...
...bill to "safeguard the Christian ideals of American education" will be taken up by the Education Committee of the Massachusetts State Legislature within two weks. Behind its pious title, it contains threats against the tax-exempt status and the charter of any educational institution which "knowingly employs in its faculty one who advocates the overthrow of the United States government by force or violence." Representative Ralph Sullivan of Boston, author of the measure, claims that charters and tax exemptions are given to colleges by the state in return for such services as "improving standards of education" and "taching respect...
Last week, when Tobey published a 28-page report on his findings, Congress got its first good look at such tax-exempt trusts (there are an estimated 10,000 in the U.S.) and it made Congressmen's eyes pop. Tobey charged that...