Trump stokes Harvard feud with threat to revoke tax-exempt status

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Trump stokes Harvard feud with threat to revoke tax-exempt status - Business Standard

Quick Summary:

Harvard’s tax-exempt status affords the school a variety of benefits, such as not having to pay traditional property taxes on educational buildings.

Conservatives have targeted Harvard and other elite universities in recent years over accusations of ideological bias and allegations of a rise in antisemitism amid campus protests against the war in Gaza.

Experts say that revoking Harvard’s tax-exempt status would be a long process through the Internal Revenue Service and likely the courts — and that it could take years.“We are going to be taking away Harvard’s Tax Exempt Status.