The US president, Donald Trump, intensified his fight with Harvard university By threatening your condition of being exempt from paying taxesafter the school rejected its demands to change its policies or lose billions of dollars in federal financing.
“Maybe Harvard should lose his tax exemption and be taxed as a political entity If you continue to promote the political, ideological and inspiration/terrorist support, “Trump published in Truth Social.” Remember, the status of tax exemption depends totally on acting in public interest! “
Harvard scientists created an artificial intelligence system for the detection of cancer and probabilities of survival
These do not like authoritarians
The exercise of professional and critical journalism is a fundamental pillar of democracy. That is why it bothers those who believe they are the owners of the truth.
Trump’s tax threat against Harvard
Stripping Harvard of his tax exemption status would mean a painful financial blow to the university. This exemption gives you a variety of benefits, such as paying taxes on the property of educational buildings, or selling bonds that pay exempt federal tax interest, which attracts investors and helps to get cheaper financing.
In addition, former students who donate money to university can deduce contributions, which is an incentive for donations. This is especially important for Harvard, which received US $ 528 million in donations for current use in fiscal year 2024.
A Bloomberg News analysis estimated that Harvard’s tax benefits added at least US $ 465 million in 2023.
Some 1,700 private universities in the US operate as non -profit organizations due to their contributions to society. They receive that benefit as part of section 501 (c) (3) of the Tax Code, which specifically mentions education as a purpose that can receive exemption. Harvard is registered as a non -profit organization under that provision.
US universities, in the sight
The US elite universities are increasingly in the spotlight for the way they manage their enormous wealthespecially by Republicans, who claim that they encourage progressive visions to the detriment of conservative ideas. There are several bills in Congress that would increase the tax on their property funds, or endowment, which was launched under the first Trump administration. A proposal would raise the tax from 1.4% to 21%.
“It is a great threat to the current financial configuration of most universities,” said Evan Horowitz, executive director of the State Policy Analysis Center of the University of Tufts. “They depend on their status as tax exempt to square their accounts, and if the federal government would like to change this, it would be to increase the tax on endowments. That directly affects the finances of universities.”
In the electoral campaign, Trump promised to “tax, fine and sue the endowments of excessively large private universities”In response to concerns about anti -Semitism.
Translation edited by Eduardo Thomson.
