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November 20, 2008



Religious schools may use tax-free bonds

State Supreme Court ruling is opposed by civil libertarians. SAN FRANCISCO — A government agency may issue tax-exempt government bonds to help religious schools pay for improvements, even if the schools are "pervasively sectarian," the California Supreme Court ruled 4-3 Monday.

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MAS SEES REDUCED HALF YEAR PRE-TAX PROFIT OF RM195.259 MLN

PETALING JAYA, Aug 18 (Bernama) -- Malaysian Airline System Bhd (MAS) has registered a pre-tax profit of RM195.259 million for the half-year financial period ended June 30, 2008, a drop from the RM263.431 million seen in the corresponding period of last year. Link to original article

Yeshiva property loses tax exemption

It was the Christmas tree lights that tipped off the Lakewood tax assessor's field investigator.

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