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
A wish list for Andy Burnham: stop funding failure, fund prevention
Prime Minister, congratulations. You arrive in Downing Street with more than a million young people in the UK not in...
Heathrow to central London in 8 minutes as Virgin signs air taxi deal
An eight-minute hop from Heathrow to central London and a quarter of an hour from Manchester Airport to Leeds. That...
MPs: scrap employer NI for under-25s or lose a generation
Employers should pay no National Insurance on any worker under 25, MPs have told the government, after hearing “overwhelming evidence”...
More jets, less money: Farnborough day two value falls 34 per cent
Britain’s aerospace supply chain took £2.6 billion of fresh work out of a single day at Farnborough this week, even...
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...
