Word: tax-exempt
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Lynn L. McCarthy, president and chair of Nichols, wrote President Neil L. Rudenstine last December, questioning whether "it is appropriate for tax-exempt university endowment funds to be used to finance hostile takeovers...
...Neither I nor the others on the Board of J.C. Nichols believe it is appropriate for tax-exempt university endowment funds to be used to finance hostile takeovers," McCarthy wrote in the letter, which was also mailed to The Crimson...
...have little sympathy for the argument that a graduated tax will encourage wealthy Massachusetts residents to leave the state in search of lower income tax rates. Even if a couple makes $200,000 each year, their overall tax rate is still under 7.4 percent. Moreover, most of the super-rich's money comes from interest income, which can be shifted to tax-exempt investments...
...Movement of Spiritual Inner Awareness as "destructive," its most damning category. Author Peter McWilliams, a former colleague of John-Roger's, has detailed in his investigative book about cults, several instances of John-Roger's taking sexual advantage of teenage male acolytes, harassing followers who quit and using tax-exempt church donations to live luxuriously. Through a spokesperson John-Roger refused to comment. Arianna became a "Minister of Light" in MSIA, whose followers accept John-Roger as a personal savior. She says the charges all stem from disgruntled employees and have yet to be proved in court. She also says...
...described the new system of pension plancontributions as "highly inefficient," as itreduces the tax-exempt contributions of theUniversity. Green also warned that the changecould hamper long-term incentives to retire...