When Tax-Exempt Nonprofits Detract Value from Society
نویسندگان
چکیده
Nonprofits receive tax exemptions in return for social value creation and delivery. While the outcomes of these are often positive, there detracting situations which the...
منابع مشابه
Leveraging tax-exempt status of hospitals.
This article may be used for research, teaching, and private study purposes. Any substantial or systematic reproduction, redistribution, reselling, loan, sub-licensing, systematic supply, or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date...
متن کاملTax-exempt healthcare in a reformed system.
A CHARITABLE PURPOSE The history of tax exemption of healthcare organizations has implications for the future. Our nation's first healthcare facilities were exempt from the earliest tax laws because they were seen as clearly having a charitable purpose, providing care and shelter for the sick poor who had no place else to go. The tax code has never specified that healthcare organizations such a...
متن کاملRecent developments for tax-exempt healthcare organizations.
Significant developments in the law of tax-exempt healthcare organizations occurred during the early 1990s. The span of developments includes a seminal Seventh Circuit case, Living Faith v. Commissioner, as well as an Internal Revenue Service determination letter recognizing the charitable tax status of integrated delivery systems, showing the recent activitism of the IRS in the healthcare aren...
متن کاملWhy are tax-exempt bonds issued at a premium?*
I derive the optimal timing strategy for an investor taking tax gains and losses on tax-exempt bonds (up to a 7% gain over buy-and-hold). I then derive the issuer’s optimal coupon rate, which maximizes the tax benefit for a tax-timing investor (up to a 3.5% gain over issuing at par, potentially more than the cost of issuance itself). All these gains are transfers from the U.S. Treasury to local...
متن کاملThe Individual’s Tax-Exempt Bond Portfolio Decision Under Income Uncertainty
In this article, an individual’s tax-exempt bond porrfolio decision is investigated. A model capturing the relationship between income uncertainty and optimal portfolio choice is defined when an individual decision-maker has the opportunity to hold higher yielding private-activity bonds. The findings in this article show that in most cases risk-averse individuals will maximize the expected util...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Academy of Management Perspectives
سال: 2022
ISSN: ['1943-4529', '1558-9080']
DOI: https://doi.org/10.5465/amp.2018.0027