Pointing Up the Non-Profit Paradox

The power to tax, the legal saying goes, also involves the power to destroy. But the power to provide exemption from taxation may also destroy.

That, at any rate, is the lesson that non-profit leaders are drawing from a report released in late January by the Joint Committee on Taxation. Citing the "tax benefits" that non-profit organizations receive, as well as "their nature and purposes," the committee's staff proposed a series of new reporting requirements

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