Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Grooming gangs scandal timeline: What happened, what inquiries there were and how Starmer was involved – after Elon Musk’s accusations | Politics News

    Trump administration weighs adding 36 countries to travel ban, memo says

    Klobuchar mourns killed Minnesota Democrat as manhunt continues

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest VKontakte
    Sg Latest NewsSg Latest News
    • Home
    • Politics
    • Business
    • Technology
    • Entertainment
    • Health
    • Sports
    Sg Latest NewsSg Latest News
    Home»Politics»Trump Says He’s ‘Taking Away’ Harvard’s Tax Exempt Status
    Politics

    Trump Says He’s ‘Taking Away’ Harvard’s Tax Exempt Status

    AdminBy AdminNo Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service in his feud with the wealthy research university and upend the school’s finances.

    “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Mr. Trump wrote on social media.

    It was not immediately clear if the I.R.S. was in fact moving forward with revoking Harvard’s tax-exempt status, a change that could only typically occur after a lengthy process. Federal law prohibits the president from directing the I.R.S. to conduct tax investigations, and I.R.S. employees who receive such a command are required to report it to an inspector general.

    After Mr. Trump first publicly called for Harvard to lose its tax exemption last month, White House officials said that the I.R.S. would make its own conclusion about whether to do so.

    Spokespeople for the I.R.S. and Treasury Department, which oversees the tax collector, did not respond to a request for comment. Harvard did not immediately respond to a request for comment.

    With its tax-exempt status, Harvard not only does not have to pay most taxes, but donors can write off gifts to the school on their own tax returns. Losing the status would not only force Harvard to start paying tax to the federal government but could cause donations to dry up.

    The intensifying standoff between the Trump administration and Harvard is part of a broad pressure campaign by the administration against some of the nation’s most elite universities.

    The Trump administration has painted many top U.S. schools as hotbeds of antisemitism and discrimination that require federal intervention. Harvard has resisted the administration’s demands for changes, prompting the government to shut off some federal funding and Mr. Trump to threaten its tax-exempt status.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Grooming gangs scandal timeline: What happened, what inquiries there were and how Starmer was involved – after Elon Musk’s accusations | Politics News

    Klobuchar mourns killed Minnesota Democrat as manhunt continues

    Chancellor dismisses ‘hurt feelings’ after PM’s U-turn on grooming gangs inquiry | Politics News

    The GOP’s big bill would bring changes to Medicaid for millions

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Microsoft’s Singapore office neither confirms nor denies local layoffs following global job cuts announcement

    Google reveals “material 3 expressive” design – Research Snipers

    Trump’s fast-tracked deal for a copper mine heightens existential fight for Apache

    Top Reviews
    9.1

    Review: Mi 10 Mobile with Qualcomm Snapdragon 870 Mobile Platform

    By Admin
    8.9

    Comparison of Mobile Phone Providers: 4G Connectivity & Speed

    By Admin
    8.9

    Which LED Lights for Nail Salon Safe? Comparison of Major Brands

    By Admin
    Sg Latest News
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Get In Touch
    © 2025 SglatestNews. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.