Word: taxed
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Dates: during 2000-2009
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...proposed legislation comes at a tough time for investors because with the dollar sagging, experts recommend a slug of foreign stocks and bonds for a diversified portfolio. Critics, including some U.S. fund managers, claim that terror-free investing will mean missed opportunities. And forced divestment could have tax and transaction costs that could depress a fund's performance. According to a study by the Center for Retirement Research at Boston College, if some of the Iran-divestment bills currently before state legislatures "are passed in their broadest form, institutions may be forced to sell $18 billion in investments." Tennessee...
...Massachusetts House of Representatives considered an amendment to the budget Monday that would impose a 2.5 percent tax on universities with endowments of over $1 billion, a proposal that would impact schools like Harvard and MIT, both of which have endowments of at least $10 billion...
...there is an ongoing discussion about whether nonprofit institutions, particularly large ones like Harvard, pay their fair share because they are tax exempt,” he said...
Widmer, who holds a PhD in economics from Harvard, said that he believes that nonprofit endowments should not be taxed. He said a tax could disincentivize alumni giving because donors may not want their donations to go to the state...
...It’s an ongoing discussion,” Casey said. “And it’s an appropriate one to have because we are a tax-exempt institution, so we should be accountable...