Watchtower will not lose its tax exempt status in the U.S.
Unless all churches and charities should lose their tax exemptions as well.
What Would Happen if the Watchtower Loses Their TAX EXEMPT STATUS?
by John Aquila 35 Replies latest watchtower beliefs
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Hold Me-Thrill Me
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NewYork44M
The biggest impact to the WT if they ever lost their tax exempt status would be in property taxes. They may be able to show a loss - but property taxes; everyone pays. -
Vidiot
John Aquila - "What would happen if the Watchtower loses their tax-exempt status?"
There are a number of wealthy JW or WT-connected businessmen - i.e. financial backers - who would no longer be able to get tax breaks on their donations to the Society.
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blondie
To protect their property in Mexico, didn't the WTS become an educational group not religious? Until the Mexican laws changed. -
Splash
They would be hit with property taxes and in the UK at least, their contributions would be down by 20% at a stroke. -
Vidiot
Blondie - "To protect their property in Mexico, didn't the WTS become an educational group not religious?"
"Cultural group", actually, but that's splitting hairs.