There’s being “allowed” and then there’s being “taxed”
While it’s probably not that main stream in us politics, the US is one to the few places one of the largest hedge funds gets to operate tax free because it’s owned by the LDS; and I’m pretty sure they just get picked on because they’re “cult-y”. Catholic Churches have massive investment accounts, most denominations will have something large.
And then there’s the Bill Gates fund that is a giant tax shelter….
Im surprised to find myself agreeing. Obviously BLM is a political / activisn organization. But ykw. They could form a PAC instead. Separate political activism from genuine charity work. And they should be expected to file correctly - because churches can't.
BLM is a terrible example. There's BLM the movement, and BLM the leech non-profit organization that purports to represent BLM the movement but gets terrible press because they have tons of private inurement and self-dealing issues - almost like they exist to undermine the actual movement.