Word: tax-exempt
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Separately, the council passed a measure of support last night for a pending state bill that would prevent Harvard’s properties in Watertown—and the properties of other nonprofit organizations—from receiving tax-exempt status. The resolution also calls for Healyto investigate ways that Cambridge can retain revenue from property purchased by currently tax-exempt organizations...
...break this dependency on the almighty dollar? For instance, why doesn't the Bank of Thailand encourage state enterprises to issue tax-exempt baht bonds offshore, to attract foreign capital in its own currency? Why don't the Bank of Korea or People's Bank of China or Taiwan's Central Bank of China want to diversify their portfolios by buying debt instruments in Asian currencies, such as the baht, which have acceptable long-term track records? Why wouldn't the region's pension funds want won-denominated Korean corporate debt rather than dollar equivalents with much lower yields...
...gains on housing. Financially speaking, moving didn't make as much sense. Now you can get an exclusion every two years. Swarms of homeowners with a collective $4.5 trillion in home equity in the U.S. are bumping up against the new limits. To extend the tax benefit, they must somehow reset the tax-exempt meter to zero, usually by selling their home and buying another...
...More than 100 residents—as well as their elementary school-aged children—join with Watertown politicians, loudly voicing their fear that the city will lose long-awaited property taxes needed for funding city services and the town’s education system. The rally blasts the tax-exempt University for not making higher payments to the town...
More than a hundred people gathered to criticize Harvard for its unwillingness to pay higher payment in-lieu-of taxes to Watertown, saying the University is jeopardizing the city’s ability to fund schools and city services by “hiding” behind its tax-exempt, non-profit status...