Word: taxes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...study, released last Friday, raised the concern that the universities with large investment portfolios engage in “indirect tax arbitrage” by selling low-cost, tax-exempt bonds to finance some expenditures instead of spending endowment funds invested in high-yield assets...
...report from the Congressional Budget Office questioned universities’ issuance of tax-exempt bonds, a method Harvard has employed to raise cash over the past years...
Though Harvard has issued tax-exempt bonds as recently as January, which saw the completion of a $480 million bond offering, the potential implications of the report for the University remain unclear...
Suzanne Day, Harvard’s director of federal relations, said that the tax exemptions are integral to the success of American universities...
...University has over $6.5 billion in outstanding debt—though not all in the form of tax-exempt bonds—which it has used to finance capital projects such as Harvard Law School’s Northwest Corner Building, as well as to refinance other debt, according to a January report from Moody’s Investors Service...