AM19ArcofCareerFishmanHowBigPaper
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: AM19ArcofCareerFishmanHowBigPaper
AM19ArcofCareerFishmanHowBigPaper
Draft: 12/19/2018How Big Is Too Big: Should Certain Higher Educational Endowments’ Net Investment Income Be Subject To Tax?James J. Fishman*Haul) Scho AM19ArcofCareerFishmanHowBigPaperool of Law at Pace UniversityTable of ContentsI.A Primer on EndowmentsThe Definition of an Endowment......................................3Net Investment Income...............................................4The Rationale of Endowments.........................................4Approaches to Endowment AM19ArcofCareerFishmanHowBigPaper Investing...................................5Modern Portfolio Management and Total Return Strategies.............6The Endowment Model of Investing...AM19ArcofCareerFishmanHowBigPaper
.................................8II.Congressional and Academic ScrutinyThe Largest Endowments Come under Criticism........................10The MarkeDraft: 12/19/2018How Big Is Too Big: Should Certain Higher Educational Endowments’ Net Investment Income Be Subject To Tax?James J. Fishman*Haul) Scho AM19ArcofCareerFishmanHowBigPaperLarge Endowments..............................18Taxing Endowment Investment Income..........................18Endowment spending Policies.................................20III.The Endowment Excise TaxThe House Bill and the Reaction of the Institutions Affected........22An Attack on Higher Education. AM19ArcofCareerFishmanHowBigPaper......................................25Ambiguities in the Legislation......................................26The relationship between net investmentAM19ArcofCareerFishmanHowBigPaper
income and "assets directly carrying out the institution s exempt purposes ”.......26♦Ủ 2018 James J. FishmanManipulating Net Investment Income.......Draft: 12/19/2018How Big Is Too Big: Should Certain Higher Educational Endowments’ Net Investment Income Be Subject To Tax?James J. Fishman*Haul) Scho AM19ArcofCareerFishmanHowBigPaper.....28IV.Flaws of a Political and Punitive StatuteLack of Public Policy Incentives........................................28The legislation is Over-inclusive and Under-inciusive..................29The Five-Percent Solution: Should There Have Been MandatorySpend Rates................................ AM19ArcofCareerFishmanHowBigPaper..............29Reducing Tuition................................................30An Assets per Student Ratio is Irrelevant and Arbitrary..........31EAM19ArcofCareerFishmanHowBigPaper
xemptions from the Tax of Certain Large Endowment Schools......33A Need to Repeal or Substantially Amend the Existing Legislation........34Draft: 12/19/2018How Big Is Too Big: Should Certain Higher Educational Endowments’ Net Investment Income Be Subject To Tax?James J. Fishman*Haul) SchoDraft: 12/19/2018How Big Is Too Big: Should Certain Higher Educational Endowments’ Net Investment Income Be Subject To Tax?James J. Fishman*Haul) SchoGọi ngay
Chat zalo
Facebook