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Richest US Universities Face Major Endowment Tax Increase
May 14, 2025
|The Straits Times
Republican lawmakers proposed to significantly increase taxes on the richest US universities, broadening a fight between the Trump administration and elite higher education.
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Private colleges and universities with at least 500 students and endowments exceeding US$2 million (S$2.6 million) per student would pay a rate of 21 per cent on net investment income under a Bill released on May 12 as part of the House's plan to extend the 2017 tax cuts — which is up from the current tax of 1.4 per cent.
هذه القصة من طبعة May 14, 2025 من The Straits Times.
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