Word: taxed
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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...
...hour before he divorced himself from the Rev. Jeremiah Wright, Barack Obama held a town meeting in Winston-Salem, N.C., and used the occasion to announce several other divorces. He divorced himself from Hillary Clinton and John McCain on the issue of a summer gasoline-tax holiday, which he correctly described as "not an idea designed to get you through the summer. It's an idea designed to get them through the election." And then he divorced himself from some of the recent negative tactics of his campaign. "Over the past month or so, we've been getting whacked...