Word: tax-exempt
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Since Harvard is a tax-exempt institution, it depletes city tax revenues by acquiring property, Clinton explains, adding that Harvard violated its agreement with the city when it expanded outside of agreed-upon boundaries...
Mitchell added that question number 4 of Cambridge's November referendum, barring further exemptions for traditionally tax-exempt institutions buying real estate in Cambridge, is aimed at driving small religious groups out of the city...
...name of the game is capital, more power to it. That's the way it goes in capitalism. A tax-exempt entity can invest. The Jesuits started the Bank of America," Runyan says...
...real issues here--the issues that are raising hackles from Gloucester's Kiwanis Club all the way to the House Sub-Committee on International Organizations--are the real objectives of Moon's business enterprises in America, and the extent to which the First Amendment and its tax-exempt priority are being abused...
...politics, business, and basic American principles. He's in an impossible position--as are all the critics of Moon and his associated business enterprises--because at every complaint about International Seafood's corporate advantages and "evil" connections, Barry may utter: "We have as much a right, as a tax-exempt institution, to invest in businesses. Why should we forfeit out Constitutional rights? Because we are 'Moonies?' Why did they call blacks 'niggers?' It's the 1979 version of 'Invasion of the Body Snatchers...