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Yeah 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
by ringaroundthetx 9y ago
Yeah 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.