NATIONAL ARTS PUBLICATION DATABASE (NAPD)
The Rationale for Exempting Nonprofit Organizations from Corporate Income Taxation
Author: Hansmann, Henry B.
Publication Year: 1980
Media Type: Report
Summary:
Abstract:
In this article, the author surveys the various theories on why most types of nonprofit corporations have been exempted from the federal corporate income tax. The author offers this own theory of justification for the exemption. In particular, the author argues that the exemption is best viewed as a means of compensating for the constraints on capital formation that nonprofits commonly face.
Arts & Intersections:
Categories: Financial Management
ADDITIONAL BIBLIOGRAPHICAL INFORMATION
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Pages: 22
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PUBLISHER INFORMATION
Name: Yale University, Institution for Social and Policy Studies
Website URL: http://www.yale.edu/isps