Amanda Albright

Reporter at Bloomberg News

Reporter at Bloomberg Wealth

Reporter for @business. Opinions my own. [email protected]

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Articles

Thriving Southern Cities Face Economic Threat From Funding Cuts

1 week ago | bloomberg.com | Augusta Saraiva |Amara Omeokwe |Amanda Albright

The University of North Carolina at Chapel Hill has received less in federal research dollars so far this fiscal year. (Bloomberg) -- The same economic anchor that propelled North Carolina’s Research Triangle into one of America’s most thriving economies now risks becoming a liability.
Colleges face major tax blow in Trump's proposed IRS rules on race

1 week ago | accountingtoday.com | Amanda Albright

The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges to end slews of programs and practices benefiting students who are racial minorities. The Treasury Department is weighing a change to Internal Revenue Service policies to allow the revocation of tax-exempt status for colleges that consider race in student admissions, scholarships and other areas, Bloomberg News reported last week.
Colleges Face ‘Existential’ Threat in Proposed IRS Rules on Race

1 week ago | news.bloomberglaw.com | Elizabeth Rembert |Amanda Albright |Simone Foxman

The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges to end slews of programs and practices benefiting students who are racial minorities. The Treasury Department is weighing a change to Internal Revenue Service policies to allow the revocation of tax-exempt status for colleges that consider race in student admissions, scholarships and other areas, Bloomberg News reported last week.
Colleges Face Major Tax Blow in Trump’s Proposed IRS Rules on Race

1 week ago | bloomberg.com | Elizabeth Rembert |Amanda Albright |Simone Foxman

The Widener Library on the Harvard campus in Cambridge, Massachusetts, on June 4. (Bloomberg) -- The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges to end slews of programs and practices benefiting students who are racial minorities.
Stefanik Asks SEC to Investigate Harvard Bond Offering (1)

1 week ago | news.bloombergtax.com | Lydia Beyoud |Amanda Albright |Nicola White

Representative Elise Stefanik called on the US Securities and Exchange Commission to investigate Harvard University’s recent bond sale, alleging the school may have withheld material information from investors about its standoff with the federal government.
Stefanik Asks SEC to Investigate Harvard Bond Offering

1 week ago | news.bloomberglaw.com | Lydia Beyoud |Amanda Albright

Representative Elise Stefanik called on the US Securities and Exchange Commission to investigate Harvard University’s recent bond sale, alleging the school may have withheld material information from investors about its standoff with the federal government.
Stefanik Asks SEC to Investigate Harvard Bond Offering

1 week ago | bloomberg.com | Lydia Beyoud |Amanda Albright |Nicola White

Representative Elise Stefanik (Bloomberg) -- Representative Elise Stefanik called on the US Securities and Exchange Commission to investigate Harvard University’s recent bond sale, alleging the school may have withheld material information from investors about its standoff with the federal government.
Rich colleges would face lower tax hike under Senate bill

1 week ago | accountingtoday.com | Amanda Albright

Wealthy U.S. colleges scored a win on Monday with the release of Senate Republicans' tax bill, which would institute a lower tax increase on endowments than what GOP House members have backed. Private universities with at least 500 students that have endowments of $2 million per pupil or more would pay an excise tax of 8% under the new bill released by the Senate Committee on Finance. The levy would be placed on net-investment income earned by the endowments.
Rich Colleges Would Face Lower Tax Hike Under Senate Plan (1)

1 week ago | news.bloombergtax.com | Amanda Albright

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Rich Colleges Would Face Lower Tax Hike Under Senate Bill

1 week ago | bloomberg.com | Amanda Albright

The Baker Library of the Harvard Business School on the Harvard University campus in Boston, Massachusetts. (Bloomberg) -- Wealthy US colleges scored a win on Monday with the release of Senate Republicans’ tax bill, which would institute a lower tax increase on endowments than what GOP House members have backed.