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"The only time university endowments pay taxes is when they invest in debt-financed financial firms such as private equity funds and hedge funds. These investme
by fovc 9y ago
"The only time university endowments pay taxes is when they invest in debt-financed financial firms such as private equity funds and hedge funds. These investments are considered a business activity unrelated to their tax-exempt missions."
- Declanomous 9y agoSomehow that part of the article didn't click for me. The NYT article linked in the following sentence does a great job of explaining why they are being taxed if you don't have a finance background.
- ringaroundthetx 9y agoYeah I think ICIJ's outrage-bait here is a swing and a miss. UBIT 40% tax on charities was not created to hit university endowments. This is a reason to use an offshore entity.
- gaius 9y agoUBIT 40% tax on charities was not created to hit university endowments So you're saying we can all simply pick and choose which laws were created with us in mind?
- ringaroundthetx 9y agoobviously you can, not sure what the argument here is.