Trump vows to strip Harvard of its tax-exempt status
Harvard University could be stripped of its tax-exempt status.
President Donald Trump posted to his Truth Social feed early Friday: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”
He did not elaborate. The post comes just days after Harvard was already under scrutiny by the IRS.
The Cambridge university has also sued the Trump administration, stating in part: “Harvard filed a lawsuit Monday against the Trump administration, arguing its freeze on research funding is unconstitutional and “flatly unlawful” and calling on the court to restore more than $2.2 billion in research dollars.”
This is a developing story …
More Stories
Six in ten firms cut R&D spending after HMRC fraud crackdown
The reforms designed to clean up Britain’s £8 billion research and development tax credit scheme have worked rather too well....
Hot tip, guv? Trump, Truth Social and insider trading on subscription
In the early nineties I used to go to the dogs at Walthamstow with a man called Terry, who sold...
Vending ban on energy drinks to cost industry £43m a year
A blanket ban on selling high-caffeine energy drinks from vending machines will strip £43 million a year from an industry...
Rolls-Royce gives Healey a deadline: back us now or we build abroad
Rolls-Royce has put Britain’s new chancellor on the clock, and the deadline is now. The Derby-based engineering group has told...
Inflation falls to 2.6% but SMEs shouldn’t spend the dividend
UK inflation fell to its lowest level in more than a year last month, but small business owners should read...
‘I’m praying they get policy right’: Dimon puts Burnham on notice
Jamie Dimon has handed Andy Burnham’s day-old government both a vote of confidence and a warning shot. The JP Morgan...
