An introduction to the governance and taxation of not-for-profit organizations
- An introduction to the governance and taxation of not-for-profit organizations
- Bolton, Patrick
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- Journal of Accounting and Economics
- This paper provides a brief overview of the current state of the not-for-profit sector and discusses specific governance issues in not-for-profit organizations. We offer an in-depth analysis of the issues that arise when not-for-profit organizations compete against for-profit firms in the same markets. We argue that while competition by for-profit firms can discipline not-for-profit firms and mitigate their governance problems, the effects of this competition are distorted by the not-for-profits' corporate income tax exemptions. Based on a simple general equilibrium analysis, we argue that there is little justification for such exemptions.
Public policy (Law)
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- Suggested Citation:
- Patrick Bolton, Hamid Mehran, 2006, An introduction to the governance and taxation of not-for-profit organizations, Columbia University Academic Commons, https://doi.org/10.7916/D8CF9WBK.