 |
| ||
|
||||||||
|
« Taliban hits Another Fort in Waziristan |
Blog Home Page
| Postmortem on the Thompson Campaign »
January 22, 2008 Zero tax on billions
The Chronicle of Philanthropy has uncovered a huge and apparently legal tax loophole that allows wealthy nonprofits like Harvard, Columbia and Stanford to pay no taxes on Unrelated Business Income. The total untaxed business income (UBIT) of 91 of these organizations runs near half a billion dollars.
Hat tip: Tax Prof Blog |
Recent ArticlesBlog Posts
|
|
Share
