Sinitsyn, Maxim; Weisbrod, Burton A. - In: Journal of Institutional and Theoretical Economics (JITE) 164 (2008) 4, pp. 727-750
When nonprofit organizations in the U.S. engage in activities that are "substantially related" to their legal mission they pay no profits taxation, but profit from "unrelated business" (UB) activities is taxed. Since UB activity has no apparent justification other than to generate revenue, we...