US Senate targets elite universities with 8% endowment tax; Harvard...

US Senate targets elite universities with 8% endowment tax; Harvard could lose $200 million annually

Postado

The US Senate Finance Committee has proposed raising the endowment tax on wealthy universities to 8 percent, potentially costing Harvard $200 million annually. This sixfold increase from the current 1.4 percent rate would impact nine elite institutions with large endowments. Harvard officials warn the tax would hurt financial aid, research, and faculty hiring. The proposal, part of President Trump’s broader tax bill, follows rising political pressure on elite US universities, as reported by The Harvard Crimson.

Read Full Article

Faça o login para curtir, compartilhar e comentar!

Business

Optiemus inks sourcing deal with 3rd China co

OnePlus is set to outsource the production of its audio and IoT products to Optiemus Electronics...

Por 0 1

Business

Dassault partners Anil Ambani co to make biz jets

Dassault Aviation partners with Reliance Aerostructure to manufacture Falcon 2000 business jets...

Por 0 1

Sports

'Kohli yes, but not Rohit ' - Ex-England skipper picks combined post-2000 Test XI

Cricket fans are excited for the India versus England Test series. Former players are picking...

Por 0 4

Entertainment

Salman and Chitrangda to lead Galwan Valley film

Salman Khan will star in a patriotic military action drama. The film is reportedly based on the...

Por 0 11

National

European ministers to meet Iranian counterpart for nuclear talks in Geneva

BERLIN: The foreign ministers of Germany, France, and the United Kingdom are scheduled to meet...

Por 0 14