Tax Exemption - Exempt Organizations

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:

    “The generations of thy peers are fled.
    And we ourselves shall go;
    But thou possessest an immortal lot,
    And we imagine thee exempt from age”
    —Matthew Arnold (1822–1888)