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.
Read more about this topic: Tax Exemption
Famous quotes containing the word exempt:
“There is nothing exempt from the peril of mutation; the earth, heavens, and whole world is thereunto subject.”
—Sir Walter Raleigh (1552–1618)