0 used to describe a product, service, or financial arrangement on which no taxes have to be paid: --
1 not considered as part of your income when you calculate your taxes: --
2 used to describe a product, service, or financial arrangement on which no tax is paid: --
3 used to describe an organization that does not have to pay tax: --
4 the condition of being tax-exempt: --
They have abolished personal equity plans and tax-exempt special savings accounts and have hit pensions with a continuing extra tax burden of £5 billion a year.
Even personal equity plans and tax-exempt special savings accounts have their complications.
We have changed personal equity plans and tax-exempt special savings accounts—largely for revenue reasons, not reasons of principle.
However, something could be done to avoid the tax-exempt investor going to a building society rather than securing benefit elsewhere.
Accordingly, his argument for the policy of denying tax-exempt status to discriminatory churches rests on the idea that such a policy will help move society in that way.
One might claim, however, that to deny tax-exempt status to institutions that practice male-only ordination is ipso facto to be motivated by prejudice against the people who belong to them.
It might be argued that there really is no punitive intent in withholding tax-exempt status, but even if that were so, the consideration would not be decisive.
For it seems that there are clear instances, albeit rare ones, in which a state is justified in denying tax-exempt status to churches on account of their ministerial qualifications.
