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:
“There is a touch of divinity even in brutes, and a special halo about a horse, that should forever exempt him from indignities.”
—Herman Melville (1819–1891)