Word: tax-exempt
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Harvard’s wealth and sizable endowment have often generated considerable resentment among city residents and politicians, who say that since Harvard’s property is largely tax-exempt, the University benefits from Cambridge’s public services without giving adequately in return...
...questions that now surround DeLay, the most explosive concern his office's close relationship with lobbyist Jack Abramoff, who is the subject of several investigations centered on his dealings with his Indian tribe clients and the management of tax-exempt charities he set up. Abramoff may have funded, at least indirectly, some of DeLay's most controversial overseas travel. Two weeks ago, TIME reported that when DeLay traveled to Britain in 2000, on a trip ostensibly arranged and paid for by a non-profit organization, his congressional staff turned to Abramoff to arrange the trip, and made extensive demands...
Harvard will take initial steps next week toward issuing about $191 million in tax-exempt bonds, refunding existing debt and financing capital projects through borrowing...
...have the opportunity to use tax-exempt debt, which is a really low-cost financing vehicle,” Sander said. “When we can borrow money from other people at attractive tax-exempt rates, it’s very favorable to the University...
...know, one way they stopped churches from getting into politics was Lyndon Johnson, who passed a law that said you couldn't get in politics or you're going to lose your tax-exempt status, because they were all opposed to him when he was running for President. That law we're trying to repeal. It's very difficult to do that, but the point is, when they can knock out a leader, then no other leader will step forward for a while, because they don't want to go through the same thing. If they go after...