Prez Trump threatens to strip Harvard University of its tax-exempt status

THE row between Harvard University and US President Donald Trump escalated further after the elite university refused to accept far-reaching policy changes ordered by the White House, and Trump threatened to strip it of its tax-exempt status.

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As it is Harvard University is facing a major financial setback after the Trump adminis-tration imposed a freeze on $2.2 billion in federal funding, following the university's refusal to comply with a list of sweeping demands relat-ed to governance, campus policies, and civil rights enforcement.

Now, Trump has said that Harvard “should lose its Tax Exempt Status and be Taxed as a Political Entity” if the premier col-lege does not agree to his demands to change how it runs itself, which would include a selection of stu-dents and authority for professors.