Word: taxing
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...Which of the following is true about sales taxes? A. The national sales-tax percentage rate is 6% B. The Federal Government will deduct it from your paycheck C. You don't have to pay the tax if your income is very low D. It makes things more expensive for you to buy 42% of high school seniors answered this question correctly
...University has clashed with federal regulators in the past—especially Senator Charles E. Grassley, who has investigated Harvard’s ties to pharmaceutical companies and applauded the IRS’s decision in 2008 to examine U.S. colleges' and universities’ use of their tax-exempt status...
...interviews with The Crimson last year, Steven M. Rose, a former HMC tax director, questioned whether a non-profit such as Harvard ought to be utilizing investment vehicles such as offshore companies to boost financial returns. Rose also said that during the time of his employment at Harvard in 2001, HMC operated with a profit-driven mentality that he considered at odds with the University's educational mission...
Senator Charles E. Grassley, an Iowa Republican, has voiced loud criticism against tax-exempt organizations, including both universities and hospitals. In the past, Grassley has argued that universities receiving government funding should keep their operating costs low and dedicate more funds toward financial aid in lean economic times...
...earlier version of the Jan. 13 news article "IRS To Audit Harvard as Part of Non-Profit Probe" stated that Steven M. Rose, former tax director of Harvard Management Company, raised questions last year regarding HMC's investment practices and "profit-driven mentality." To clarify, Rose voiced such concerns to a Crimson reporter last year, but the concerns focused on HMC's practices at the time of his employment in 2001. University spokesman John D. Longbrake's statement has been added to further clarify the timing of Rose's concerns and the University's response...