Machine-readable data will make it easier to compare and contrast the financial, governance, and compensation practices of nonprofits as they report them to the IRS.
In a financial tailspin, Colonial Williamsburg makes a case for property tax relief based on its economic meaning to the town and region.
Today is Tax Day and it’s a great day for remembering that without our advocacy, fair taxation is impossible.
There has never been a more critical time for nonprofits to get involved at every level of tax policy. In this excerpt from a classic NPQ article, Kim Klein talks about the why and how.
An Illinois county is finding out it’s easier to decide to get rid of its nursing home than it is to actually get it done.
While the UK has declined to stop taxing feminine hygiene products, it did promise to pass some of the tax proceeds along to women’s groups. But its first round of grants includes a big one to an anti-abortion organization.
January 29, 2017; Peninsula Clarion (Kenai, AK)
What’s fair in the taxation of nonprofits by local municipalities? NPQ has covered the issue of payments in lieu of taxes issue extensively; it mostly affects universities and hospitals—the eds and the meds. But there’s another realm of charges—fees and taxes—that hits smaller and larger operations alike. For more background on this, read “Death by a Thousand City Fees.”
Recently in Alaska, the Kenai Peninsula Borough Assembly passed a set of tax reforms that included several new sources of revenue. One of them removed the exemption from collecting sales tax by nonprofits operating regular storefronts, like the Salvation Army.
House Freedom Caucus chair Mark Meadows says he expects tax reform to be included in the fiscal 2018 budget process: “I think it will be done in reconciliation, if it will be done.”
January 26, 2017; BBC News
Over the past few days, we’ve all watched a number of situations where accounts of what’s occurring inside the Beltway conflict. The resignation of four highly placed state department officials reported yesterday has been characterized by major media sources as 1) a firing, 2) a resignation in advance of Tillerson’s assuming the lead and in protest of the tone being set, or 3) just normal turnover. So the fact that for a while it was somewhat unclear who cancelled the meeting next week between Donald Trump and Mexican President Enrique Peña Nieto is no surprise. It seems that the media is, as with some other issues, trying valiantly to get a straight story out of the administration as one set of assertions quickly supplants another. In the case of Mexico, it’s something of a who-broke-up-with-whom scenario, but with about $600 billion a year’s worth of stakes.
An automotive research group says withdrawal from NAFTA could cost over 30,000 jobs. The researchers advocate smaller trade adjustments and increased job training.
