Exempt Organizations
Some governments grant broad exclusions from all taxation for certain types of organization. The exclusions may be restricted to entities having various characteristics. The exclusions may be inherent in definitions or restrictions outside the tax law itself.
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Famous quotes containing the word exempt:
“Theoretically, I grant you, there is no possibility of error in necessary reasoning. But to speak thus “theoretically,” is to use language in a Pickwickian sense. In practice, and in fact, mathematics is not exempt from that liability to error that affects everything that man does.”
—Charles Sanders Peirce (1839–1914)