Word: taxed
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City councillors accused Cambridge universities of cheating the city out of tax revenue by conducting for-profit research on tax-exempt property at a meeting of the council’s University Relations Committee yesterday...
Representatives from MIT attended the meeting, but no Harvard officials were present. Harvard’s Associate Vice President for Government, Community and Public Affairs Jane Corlette said in an interview that she believed Decker’s assertions of tax avoidance were uninformed...
...committee meeting was slated to focus on MIT’s recent agreement to increase its annual payment to the city, and Gallop said she was surprised the tax evasion allegations were raised...
...Harvard will pay Cambridge about $2.4 million for its tax-exempt property. City officials estimate that Harvard would pay about $33 million for that property if it were not exempt from taxation. MIT will increase its payments by 20 percent to $1.5 million next year. Both agreements call for a fixed annual increase in payments over the next several decades...
...wealthy American donors with charities abroad. For example, leads is a Sri Lankan relief group that has worked with Tearfund, a British umbrella group. Another possible route: contacting organizations in immigrant communities where you live that may be providing direct aid to families. HOW CAN I MAKE MY DONATION TAX EFFICIENT? Tax regulations vary from country to country; you should consult your tax authority or accountant to see if your donations are deductible or if they can be "topped off" by a government agency. In addition, some countries, such as Britain, allow you to maximize your donations by having them...