Elite Universities Invest Endowments via Tax Havens
By Brendan O’Malley
University World News
Nov. 11, 2017
Excerpt:
Norman I Silber, a law professor at Hofstra University, who co-authored a paper on blocker corporations in 2015, told The New York Times: “Congress is essentially subsidising non-profits by allowing them to engage in these transactions. They’re allowing them to borrow so that they can build up their endowments.”
Read the full article on the University World News website.
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